Medical Office Space with Indoor
For Sale
$695,000
1475 SW 1st Avenue, Jacksonville, AL 36265
The partially occupied facility contains 16 office or exam rooms and an indoor pool served by an accessible ramp.
Property Size7,464 SF
Lot Size0.80 Acres
Price / SF$93.11
Days on Market87
Property Features for 1475 SW 1st Avenue
General Information
Standard status
Active
Size
7,464 SF
Lot size
0.80 Acres
Property subtype
Business
Additional Details
Tenant in Place
Yes
Amenities
handicap access
indoor pool
Building Details
Building Size
7,464 SF
Buildings
1
Listing Agency:
Bone Realty Company
Listed By:
Anna Tillman Inzer · License #137502
(256) 504-7553
Source:
Intownpartners
Added: Aug 4
Changed: Oct 27
Last Checked: Oct 27 at 4:27AM
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 Bone Realty Company
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Investment Insights
Based on property information with market context.
This medical office property includes 16 rooms configured for office or exam use, five bathrooms, and an indoor pool with a ramp for access. The building also has handicap access and is partially tenant occupied.
The property is within walking distance of Walmart and JSU’s Nursing School in Jacksonville, Alabama.
The property is within walking distance of Walmart and JSU’s Nursing School in Jacksonville, Alabama.
Key Highlights
- 16 office or exam rooms
- Indoor pool with a handicap ramp
- Five bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,637
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,152,740
$1.2M
Cap Rate 7%
$823,386
$823.4K
Cap Rate 9%
$640,411
$640.4K
Market Conditions
NOI Build-Up for 7,464 SF
Gross rent
$98.5K $13.20/SF
− Vacancy
−$21.7K −$2.90/SF
EGI
$76.8K $10.30/SF
− OpEx
−$19.2K −$2.57/SF
NOI
$57.6K $7.72/SF
Area
Calhoun County, AL
Vacancy
22.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,152,740
Cap Rate 7%
$823,386
Cap Rate 9%
$640,411
Alternative Uses
Best Use
Healthcare Medical
$1.15M
$1.00M – $1.34M
NOI $80,324 @ 7.0% cap · market cap 11.56%
Second Best
Office B
$823.4K
$720.5K – $960.6K
NOI $57,637 @ 7.0% cap · market cap 8.29%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 36265, AL
22,018
Population
9,582
Households
2.3
Avg Household Size
30
Median Age
27%
College-Educated
89%
High-School Grad
98.1 sq mi
ZIP Area
224
Density / Sq Mi
$51,574
Median Household Income
$23,697
Median Earnings
$794
Median Rent
$163,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Clanton Animal Hospital LLC — 1519 Pelham Rd S, Jacksonville, AL 36265
Frequently Asked Questions
What type of property is this?
Medical Office Space - The partially occupied facility contains 16 office or exam rooms and an indoor pool served by an accessible ramp.
Where is this medical office space located?
The property is located at 1475 SW 1st Avenue Jacksonville, AL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 16 office or exam rooms; Indoor pool with a handicap ramp; Five bathrooms
