Freestanding Medical Office on
For Sale
$899,900
1605 Hillcrest Road, Mobile, AL 36695
West Mobile medical office building with high-visibility and convenient access.
Property Size5,056 SF
Lot Size0.83 Acres
Price / SF$177.99
Days on Market197
Property Features for 1605 Hillcrest Road
General Information
Standard status
Active
Size
5,056 SF
Lot size
0.83 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1997
Listing Agency:
Bellator Real Estate LLC Mobile
(251) 769-2888
Listed By:
Michele Finney
(251) 769-2888
Source:
Exitrealty
Added: Jan 19
Changed: Jul 10
Last Checked: Aug 4 at 7:47AM
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 Bellator Real Estate LLC Mobile
Investment Insights
Based on property information with market context.
This is a freestanding, fully brick medical office building situated on a corner lot. The property, totaling approximately 5,056 square feet, features about 167 feet of frontage on Hillcrest Road, offering visibility along a high-traffic corridor with approximately 25,000 to 29,000 vehicles passing daily. The site includes freestanding signage, a newer roof, and a full median cut for convenient access in both directions. The interior is designed for orthodontic and dental practices, featuring multiple exam and treatment rooms, reception and waiting areas, physician offices, an imaging and X-ray room, dedicated lab and sterilization areas, records and storage rooms, conference and staff spaces, a break room, and ADA-compliant restrooms. Exterior features include a covered patient drop-off and loading entrance, ADA-accessible entry and parking, and approximately 45 on-site parking spaces. The building's brick construction offers durability and professional curb appeal. Neutral finishes and an efficient layout allow for immediate occupancy or customization. Located south of the Hillcrest Road and Grelot Road intersection, the property is near retail and service amenities such as Publix, Starbucks, McDonald’s, CVS, and Walmart Neighborhood Market. Zoned B-3 Community Business on an approximately 0.83-acre lot, the property is suitable for orthodontic, dental, medical, or specialty healthcare users, as well as investors seeking a medical asset in West Mobile.
Key Highlights
- Freestanding, fully brick medical office building on a prominent corner lot.
- High‑traffic location on Hillcrest Road with excellent visibility and approximately 25,000‑29,000 vehicles per day.
- Purpose‑built interior for orthodontic and dental use with multiple exam rooms, reception areas, offices, and specialized rooms.
Financial Insights For Office B
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 | $112.2k | $22.20 |
| − Vacancy | −$18.5k | −$3.66 |
| EGI | $93.7k | $18.54 |
| − OpEx | −$23.4k | −$4.63 |
| NOI | $70.3k | $13.90 |
5,056 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.00M
$878.7K – $1.17M
NOI $70,292 @ 7.0% cap · market cap 7.81%
Second Best
Healthcare Medical
$980.8K
$858.2K – $1.14M
NOI $68,656 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$1.29M
$1.12M – $1.50M
NOI $89,955 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
713
Businesses Nearby
Balanced
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
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 - West Mobile medical office building with high-visibility and convenient access.
Where is this medical office space located?
The property is located at 1605 Hillcrest Road Mobile, AL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Freestanding, fully brick medical office building on a prominent corner lot.; High‑traffic location on Hillcrest Road with excellent visibility and approximately 25,000‑29,000 vehicles per day.; Purpose‑built interior for orthodontic and dental use with multiple exam rooms, reception areas, offices, and specialized rooms.
