Medical Office
15330 Highway 231/431 N Hazel Green, AL 35750
New
For Sale
$499,999
COMMERCIAL - Hazel Green, AL
Property Size1,611 SF
Lot Size1.00 Acre
Price / SF$310.37
Days on Market2
Property Features for 15330 Highway 231/431 N
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 1, Bathroom 2
- Standard status
- Active
- APN
- 0309302001069.000
- Size
- 1,611 SF
- Lot size
- 1.00 Acre
Utilities
- Sewer type
- Septic Tank
- Heating system
- Forced Air, Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Flooring type
- Carpet, Concrete, Brick
- Roof type
- Shingle
Listing Agency:
Linda Blue Real Estate, LLC
(256) 227-0417
Listed By:
Linda Blue · License #111544
(256) 227-0417
Added: Jul 25
Last Checked: Jul 26 at 5:06PM
MLS# 21924817
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Investment Insights
Based on property information with market context.
This established medical office offers a flexible interior layout suited to medical, dental, professional, wellness, or specialty office use. The property is set on approximately 1 acre and includes about 1,611 square feet of space, with ample parking to support patient or client visits.
Located at 15330 Highway 231/431 N in Hazel Green, Alabama, the building benefits from road frontage and easy access along this main corridor. The listing notes outstanding exposure for visibility and convenience, and it is positioned just minutes from Huntsville.
Located at 15330 Highway 231/431 N in Hazel Green, Alabama, the building benefits from road frontage and easy access along this main corridor. The listing notes outstanding exposure for visibility and convenience, and it is positioned just minutes from Huntsville.
Key Highlights
- Established medical office with high‑visibility frontage on Hwy 231/431 in Hazel Green
- Flexible office space suited for medical, dental, professional, wellness, or specialty office use
- Ample parking and easy access off the highway
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.7k | $24.00 |
| − Vacancy | −$3.9k | −$2.40 |
| EGI | $34.8k | $21.60 |
| − OpEx | −$13.9k | −$8.64 |
| NOI | $20.9k | $12.96 |
1,611 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$298.3K
$261.0K – $348.0K
NOI $20,879 @ 7.0% cap · market cap 4.18%
Second Best
Office B
$294.0K
$257.3K – $343.0K
NOI $20,581 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$419.5K
$367.1K – $489.4K
NOI $29,365 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
FAQs
What type of property is this?
Medical Office Space - Established medical office on Hwy 231/431 with road frontage, ample parking, and flexible space for office use.
Where is this medical office space located?
The property is located at 15330 Highway 231/431 N Hazel Green, AL.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Established medical office with high‑visibility frontage on Hwy 231/431 in Hazel Green; Flexible office space suited for medical, dental, professional, wellness, or specialty office use; Ample parking and easy access off the highway
