Medical Office Building with
New
For Sale
$479,900
154 S Main Street, Arab, AL 35016
MULTI_FAMILY - Arab, AL
Property Size6,000 SF
Lot Size0.64 Acres
Price / SF$79.98
Days on Market6
Property Features for 154 S Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Commercial
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 2, Bathroom 8, Bathroom 3, Bathroom 7, Basement, Bathroom 1, Bathroom 6, Bathroom 5, Bathroom 4
Exterior features
Sidewalks, Lighting
Accessibility
Accessible Doors
Lot features
High Visibility
Directions
In Arab On Main Street, Property Is On The Right (Going South) With Sign
Standard status
Active
APN
1307261001055.000
Size
6,000 SF
Lot size
0.64 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
2
Flooring type
Wood, Tile, Carpet, Concrete
Listing Agency:
Re/Max Heritage · RE/MAX International
(256) 586-4410
Listed By:
Brenda King · License #97861
(256) 550-2101
Added: Jul 31
Changed: Aug 5
Last Checked: Aug 5 at 4:06PM
MLS# 21863749
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Investment Insights
Based on property information with market context.
This 6,000-square-foot medical office building sits on 0.6382 acres and was constructed in 1984. The interior was arranged for two separate physician practices and includes a central divider beam, basement space, multiple bathrooms, and a mix of wood, tile, carpet, and concrete flooring. Two existing central units are new, and the building is expected to be vacant by closing.
Central heating and cooling, accessible doors, public water, and public sewer support continued commercial use. Exterior features include sidewalks, lighting, front parking, and a grassy area behind the building. The existing separation and basement provide a defined physical layout for an owner seeking medical office space or another compatible configuration.
Central heating and cooling, accessible doors, public water, and public sewer support continued commercial use. Exterior features include sidewalks, lighting, front parking, and a grassy area behind the building. The existing separation and basement provide a defined physical layout for an owner seeking medical office space or another compatible configuration.
Key Highlights
- 6,000‑square‑foot medical office building on 0.6382 acres
- Previously configured for two separate physician practices
- Basement and central divider beam provide distinct interior areas
Financial Insights For Apartment 5plus
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 | $63.4k | $10.56 |
| − Vacancy | −$4.3k | −$0.72 |
| EGI | $59.1k | $9.84 |
| − OpEx | −$26.6k | −$4.43 |
| NOI | $32.5k | $5.41 |
6,000 SF · lease $10.56/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Healthcare Medical
$994.2K
$869.9K – $1.16M
NOI $69,595 @ 7.0% cap · market cap 14.50%
Second Best
Office B
$966.2K
$845.4K – $1.13M
NOI $67,635 @ 7.0% cap · market cap 14.09%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,651 @ 7.0% cap · market cap 18.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35016, AL
17,495
Population
7,372
Households
2.4
Avg Household Size
42
Median Age
22%
College-Educated
89%
High-School Grad
79.0 sq mi
ZIP Area
221
Density / Sq Mi
$60,910
Median Household Income
$36,939
Median Earnings
$758
Median Rent
$192,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Former two-physician office with basement, central HVAC, and front parking.
Where is this medical office space located?
The property is located at 154 S Main Street Arab, AL.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: 6,000‑square‑foot medical office building on 0.6382 acres; Previously configured for two separate physician practices; Basement and central divider beam provide distinct interior areas
