Freestanding Medical
1237 Mulberry St, Montgomery, AL 36106
For Sale
Contact for pricing
The single-story office property sits across the street from Jackson Hospital Campus and includes rear surface parking.
Property Size1,232 SF
Price / SF$137.18
Days on Market20
Property Features for 1237 Mulberry St
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Additional Details
Road Access
Property Use
Building Details
Year Built
Buildings
Stories
Listing Agency:
Aronov Realty Brokerage
Listed By:
Mickey Griffin
Source:
Crexi
Added: Oct 22
Changed: Nov 8
Last Checked: Nov 8 at 3:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aronov Realty Brokerage
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Investment Insights
Based on property information with market context.
This freestanding medical office property contains 1,232 square feet in a one-story layout. Built in 1925, the building has a Class B office profile and was previously occupied by a pain clinic. Its corner-lot setting, paved access, and 15-space rear parking area serve the property’s practical layout. The site is zoned SD-M and is directly across Mulberry Street from Jackson Hospital Campus.
Key Highlights
- 1,232‑square‑foot, one‑story office building
- 15 surface parking spaces in a rear lot
- Across the street from Jackson Hospital Campus
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,638
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,760
$272.8K
Cap Rate 7%
$194,829
$194.8K
Cap Rate 9%
$151,533
$151.5K
Market Conditions
NOI Build-Up for 1,232 SF
Gross rent
$22.2K $18.00/SF
− Vacancy
−$4.0K −$3.24/SF
EGI
$18.2K $14.76/SF
− OpEx
−$4.5K −$3.69/SF
NOI
$13.6K $11.07/SF
Area
Montgomery, AL
Vacancy
18.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,760
Cap Rate 7%
$194,829
Cap Rate 9%
$151,533
Alternative Uses
Best Use
Office B
$194.8K
$170.5K – $227.3K
NOI $13,638 @ 7.0% cap · market cap 8.07%
Second Best
Healthcare Medical
$193.9K
$169.7K – $226.2K
NOI $13,572 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$255.5K
$223.5K – $298.1K
NOI $17,883 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,165
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36106, AL
15,438
Population
7,236
Households
2.1
Avg Household Size
39
Median Age
51%
College-Educated
96%
High-School Grad
6.2 sq mi
ZIP Area
2,490
Density / Sq Mi
$71,202
Median Household Income
$40,398
Median Earnings
$1,138
Median Rent
$207,400
Median Home Value
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Market
Properties on Market for Medical Office Space in Montgomery
Vacancy Rate% for Office in South region
Similar Off Market Nearby
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- Dr. A. Louise Struby — 1615 Robison Hill Rd, Montgomery, AL 36107
- Partners for Pets Veterinary Hospital — 1615 Robison Hill Rd, Montgomery, AL 36107
Frequently Asked Questions
What type of property is this?
Medical Office Space - The single-story office property sits across the street from Jackson Hospital Campus and includes rear surface parking.
Where is this medical office space located?
The property is located at 1237 Mulberry St Montgomery, AL.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: 1,232‑square‑foot, one‑story office building; 15 surface parking spaces in a rear lot; Across the street from Jackson Hospital Campus
