Leased Medical Office
For Sale
$2,800,000
1088 9th Avenue SW, Bessemer, AL 35022
Medical tenants include internal medicine, nephrology, and a hearing aid clinic under NNN leases.
Property Size10,093 SF
Price / SF$277.42
Days on Market530
Property Features for 1088 9th Avenue SW
General Information
Standard status
Active
Size
10,093 SF
Total Parking Spaces
55
Property subtype
Office
Additional Details
Sprinkler System
Yes
Tenant in Place
Yes
Property Use
Medical Office
Medical Specialty
internal medicine, nephrology, hearing aid clinic
Taxes and HOA fees
Annual Taxes
$19,950
Building Details
Building Size
10,093 SF
Year Built
1990
Tenancy
Multi
Listing Agency:
Butler Evans Real Estate, Inc.
Listed By:
Denise Evans · License #AL67727
(205) 310-3799
Source:
Rightspacecre
Added: May 20, 2025
Changed: Oct 31
Last Checked: Oct 31 at 3:13AM
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 Butler Evans Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 10,093-square-foot medical office property, built in 1990, is leased to tenants in internal medicine, nephrology, and hearing care. The leases are NNN. One tenant representing 50% of the property has a landlord option to cancel with six months’ notice if the property is sold.
The site has 49 parking spaces and 6 handicapped spaces. The roof was replaced in 2024, and several HVAC units have been replaced since the current ownership acquired the property. Reception flooring was renewed in 2025; outdoor lighting bulbs were replaced in 2024, and the parking lot was restriped and the building pressure washed in 2026. The fire suppression system is current on inspections and repairs and is monitored by Hiller Fire.
The site has 49 parking spaces and 6 handicapped spaces. The roof was replaced in 2024, and several HVAC units have been replaced since the current ownership acquired the property. Reception flooring was renewed in 2025; outdoor lighting bulbs were replaced in 2024, and the parking lot was restriped and the building pressure washed in 2026. The fire suppression system is current on inspections and repairs and is monitored by Hiller Fire.
Key Highlights
- 10,093 SF medical office property built in 1990
- NNN leases with tenants in internal medicine, nephrology, and hearing care
- 49 parking places plus 6 handicapped spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$177,864
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,557,280
$3.6M
Cap Rate 7%
$2,540,914
$2.5M
Cap Rate 9%
$1,976,267
$2.0M
Market Conditions
NOI Build-Up for 10,093 SF
Gross rent
$267.7K $26.52/SF
− Vacancy
−$30.5K −$3.02/SF
EGI
$237.2K $23.50/SF
− OpEx
−$59.3K −$5.87/SF
NOI
$177.9K $17.62/SF
Area
Jefferson County, AL
Vacancy
11.40%
Lease Rate
$26.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,557,280
Cap Rate 7%
$2,540,914
Cap Rate 9%
$1,976,267
Alternative Uses
Best Use
Office B
$2.54M
$2.22M – $2.96M
NOI $177,864 @ 7.0% cap · market cap 6.35%
Second Best
Healthcare Medical
$2.45M
$2.14M – $2.85M
NOI $171,265 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$3.47M
$3.04M – $4.05M
NOI $243,054 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 35022, AL
23,163
Population
10,538
Households
2.2
Avg Household Size
43
Median Age
34%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
361
Density / Sq Mi
$79,084
Median Household Income
$48,078
Median Earnings
$991
Median Rent
$241,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical tenants include internal medicine, nephrology, and a hearing aid clinic under NNN leases.
Where is this medical office space located?
The property is located at 1088 9th Avenue SW Bessemer, AL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 10,093 SF medical office property built in 1990; NNN leases with tenants in internal medicine, nephrology, and hearing care; 49 parking places plus 6 handicapped spaces
