Medical Office with Indoor
1475 SW 1ST AVENUE, Jacksonville, AL 36265
For Sale
$695,000
Commercial Sale, JACKSONVILLE, AL
Property Size7,500 SF
Lot Size0.80 Acres
Price / SF$93.11
Days on Market98
Property Features for 1475 SW 1ST AVENUE
General Information
Property type
Property subtype
Parking features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Water source
Amenities
indoor pool
handicap access
Building Details
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Bone Realty Company
(256) 546-5543
Listed By:
Anna Tillman Inzer · License #137502
(256) 504-7553
Added: Aug 4
Changed: Oct 29
Last Checked: Nov 9 at 3:06AM
MLS# 21925603
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Investment Insights
Based on property information with market context.
This medical office property contains 7,464 square feet with 16 office or exam rooms and five bathrooms. An indoor pool with a ramp and handicap access are among its existing features. Construction includes brick and wood, while interior finishes include carpet, vinyl, tile, and concrete. The building is partially tenant occupied.
The 0.80-acre site is in Jacksonville, Alabama, within walking distance of Walmart and JSU’s Nursing School. On-site parking is provided in a dedicated lot.
The 0.80-acre site is in Jacksonville, Alabama, within walking distance of Walmart and JSU’s Nursing School. On-site parking is provided in a dedicated lot.
Key Highlights
- 7,464‑square‑foot medical office building
- 16 office or exam rooms and 5 bathrooms
- Indoor pool with handicap ramp
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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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 - A partially occupied medical property offers multiple exam rooms, accessible entry, and on-site parking.
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: 7,464‑square‑foot medical office building; 16 office or exam rooms and 5 bathrooms; Indoor pool with handicap ramp
