Medical Office with Imaging
1680 W 2nd St Unit A B, Gulf Shores, AL 36542
For Sale
$1,750,000
Two suites include full kitchens, a private upstairs conference room, and specialized clinical space.
Property Size10,000 SF
Price / SF$175
Days on Market149
Property Features for 1680 W 2nd St Unit A B
General Information
Standard status
Size
Property subtype
Additional Details
Office Units
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
Buildings
Listing Agency:
Kim Ward Realty, LLC
Listed By:
Kim A Ward PHONE · License AL #000073514
(251) 979-7101
Source:
Gulfcoasthomesalabama
Added: Jun 17
Changed: Nov 7
Last Checked: Nov 10 at 12:23PM
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
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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 / Yr
$119,614
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
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
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 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 6.84%
Second Best
Office B
$1.67M
$1.46M – $1.94M
NOI $116,640 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$2.40M
$2.10M – $2.81M
NOI $168,336 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
919
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in South region
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 $1,750,000.
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
