Medical Office with Imaging
For Sale
$1,900,000
1680 W 2nd St Unit A B, Gulf Shores, AL 36542
Two suites include full kitchens, a private upstairs conference room, and specialized clinical space.
Property Size10,000 SF
Price / SF$190
Days on Market155
Property Features for 1680 W 2nd St Unit A B
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Commercial
Additional Details
Office Units
2
Amenities
generator ready
storage galore
lead-lined x-ray/mri room
full kitchens
full bath with shower
4 hvacs within 5 years
Building Details
Year Built
2012
Buildings
1
Listing Agency:
Kim Ward Realty, LLC
Listed By:
Kim A Ward PHONE
Source:
Gulfcoasthomesalabama
Added: Apr 26
Changed: Sep 26
Last Checked: Sep 26 at 2:29PM
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 Kim Ward Realty, LLC
Investment Insights
Based on property information with market context.
Built in 2012, this 10,000-square-foot medical office property is configured as two suites, A and B. An upstairs private conference room can serve as additional office space, and the building also offers extensive storage, full kitchens, and a full bathroom with shower. A lead-lined imaging room is equipped with gas and oxygen, and the property is generator-ready.
Four HVAC units were installed within the past five years. The space is suitable for office use, medical use, or a combination of both.
Four HVAC units were installed within the past five years. The space is suitable for office use, medical use, or a combination of both.
Key Highlights
- 10,000‑square‑foot building with two suites, A and B
- Lead‑lined X‑ray/MRI room with gas and oxygen
- Upstairs private conference room offers potential extra office space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$119,614
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,392,280
$2.4M
Cap Rate 7%
$1,708,771
$1.7M
Cap Rate 9%
$1,329,044
$1.3M
Market Conditions
NOI Build-Up for 10,000 SF
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.
Gross rent
$222.0K $22.20/SF
− Vacancy
−$22.6K −$2.26/SF
EGI
$199.4K $19.94/SF
− OpEx
−$79.7K −$7.97/SF
NOI
$119.6K $11.96/SF
Area
Baldwin County, AL
Vacancy
10.20%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,392,280
Cap Rate 7%
$1,708,771
Cap Rate 9%
$1,329,044
Alternative Uses
Best Use
Healthcare Medical
$1.71M
$1.50M – $1.99M
NOI $119,614 @ 7.0% cap · market cap 6.30%
Second Best
Office B
$1.67M
$1.46M – $1.94M
NOI $116,640 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$2.40M
$2.10M – $2.81M
NOI $168,336 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
919
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36542, AL
16,993
Population
18,551
Households
0.9
Avg Household Size
51
Median Age
38%
College-Educated
95%
High-School Grad
52.0 sq mi
ZIP Area
327
Density / Sq Mi
$74,861
Median Household Income
$35,580
Median Earnings
$1,365
Median Rent
$366,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two suites include full kitchens, a private upstairs conference room, and specialized clinical space.
Where is this medical office space located?
The property is located at 1680 W 2nd St Unit A B Gulf Shores, AL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 10,000‑square‑foot building with two suites, A and B; Lead‑lined X‑ray/MRI room with gas and oxygen; Upstairs private conference room offers potential extra office space
