Medical Office Building For
For Sale
Contact for pricing
1605 Hillcrest Rd, Mobile, AL 36695
Well-maintained medical office building in West Mobile, Alabama.
Property Size5,056 SF
Price / SF$177.81
Days on Market1088
Property Features for 1605 Hillcrest Rd
General Information
Standard status
Active
Size
5,056 SF
Class
A
Total Parking Spaces
45
Property subtype
Office
Zoning
B3 - Community Business
Building Details
Year Built
1997
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Vallas Realty
Listed By:
Robert Cook · License #AL 000083873
(251) 344-1444
Source:
Crexi
Added: Oct 26, 2023
Changed: Oct 3
Last Checked: Oct 16 at 9:00AM
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 Vallas Realty
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Investment Insights
Based on property information with market context.
This well-maintained medical office building is available for sale in Mobile, Alabama. The property is situated in West Mobile on Hillcrest Road, south of the intersection of Hillcrest and Grelot Roads, near Winn-Dixie, Starbucks, McDonald’s, CVS, and Waffle House. The first floor spans approximately 4,261 square feet and includes two exam rooms, a reception area, a finance office, three doctor's offices, two treatment areas, wet and dry lab areas, an imaging room, a dark room, a records room, a sterilization room, two doctor's restrooms, two public restrooms, and a waiting room. The second floor, approximately 750 square feet, features a conference room, break room, supply storage/file room, and one additional restroom. Potential owner financing is available with attractive terms.
Key Highlights
- Well‑maintained medical office building in a prime West Mobile location on Hillcrest Road.
- First floor features ±4,261 SF configured with multiple exam rooms, offices, and specialized medical areas (wet/dry labs, imaging, sterilization).
- Second floor provides ±750 SF of additional space including a conference room and break room.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,292
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,405,840
$1.4M
Cap Rate 7%
$1,004,171
$1.0M
Cap Rate 9%
$781,022
$781.0K
Market Conditions
NOI Build-Up for 5,056 SF
Gross rent
$112.2K $22.20/SF
− Vacancy
−$18.5K −$3.66/SF
EGI
$93.7K $18.54/SF
− OpEx
−$23.4K −$4.63/SF
NOI
$70.3K $13.90/SF
Area
Mobile, AL
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,405,840
Cap Rate 7%
$1,004,171
Cap Rate 9%
$781,022
Alternative Uses
Best Use
Office B
$1.00M
$878.7K – $1.17M
NOI $70,292 @ 7.0% cap · market cap 7.82%
Second Best
Healthcare Medical
$980.8K
$858.2K – $1.14M
NOI $68,656 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$1.29M
$1.12M – $1.50M
NOI $89,955 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36695, AL
51,174
Population
21,269
Households
2.4
Avg Household Size
38
Median Age
34%
College-Educated
95%
High-School Grad
45.6 sq mi
ZIP Area
1,122
Density / Sq Mi
$75,236
Median Household Income
$47,614
Median Earnings
$1,192
Median Rent
$234,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained medical office building in West Mobile, Alabama.
Where is this medical office space located?
The property is located at 1605 Hillcrest Rd Mobile, AL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Well‑maintained medical office building in a prime West Mobile location on Hillcrest Road.; First floor features **±4,261 SF configured with multiple exam rooms, offices, and specialized medical areas (wet/dry labs, imaging, sterilization).**; Second floor provides ±750 SF of additional space including a conference room and break room.
