Pelham Medical Office For
1973 Chandalar Dr Pelham, AL 35124
1973 Chandalar Dr, Pelham, AL, 35124
Contact for pricing
For Sale
Contact for pricing
Medical office space with 6 operatories, ample parking.
Property Size7,548 SF
Price / SF$130.50
Days on Market878
Property Features for 1973 Chandalar Dr
General Information
- Standard status
- Active
- Size
- 7,548 SF
- Property subtype
- Office
Building Details
- Year Built
- 1999
Listing Agency
Lightpoint
(205) 919-1528
Listed by
Kyle Church · License #AL 000124859 - 1
Source
Crexi
Added: Feb 20, 2024 Checked: Jul 14 at 11:45 pm
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 Lightpoint
Investment Insights
Based on property information with market context.
This 7,548-square-foot commercial property is located off Highway 31 in Pelham, Alabama. The property is built out as a dental office, featuring 6 operatories. It offers convenient access to I-65, Highway 31, and 119. Ample parking is available, with a parking ratio of 4.5 per 1,000 square feet.
Key Highlights
- Built out dental office with 6 Operatories
- Conveniently located right off of HWY 31 in Pelham
- Easy access from I‑65, Hwy 31, and 119
Local 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 | $135.9k | $18.00 |
| − Vacancy | −$29.9k | −$3.96 |
| EGI | $106.0k | $14.04 |
| − OpEx | −$26.5k | −$3.51 |
| NOI | $79.5k | $10.53 |
7,548 SF · lease $18.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$1.46M
$1.28M – $1.70M
NOI $102,143 @ 7.0% cap · market cap 10.37%
Second Best
Office B
$1.14M
$993.5K – $1.32M
NOI $79,480 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,017 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nicholas Kentros, DMD
Dental Office
Pelham Dental Care ...
Dental Office
Glaze Kelly
Dental Office
Farmers Insurance - Christopher ...
Insurance Agency
Pelham Dental Care
Dental Office
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FAQs
What type of property is this?
Medical Office Space - Medical office space with 6 operatories, ample parking.
Where is this medical office space located?
The property is located at 1973 Chandalar Dr Pelham, AL.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Built out dental office with 6 Operatories; Conveniently located right off of HWY 31 in Pelham; Easy access from I‑65, Hwy 31, and 119
