Updated Medical Office
2000 Southlake Park Suite 250, Birmingham, AL 35244
For Sale
Contact for pricing
Patient reception, treatment areas, clinical support space, and surface parking are included in the suite.
Property Size2,077 SF
Price / SF$351.47
Days on Market39
Property Features for 2000 Southlake Park Suite 250
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Property Use
Medical Specialty
Listing Agency:
Lincoln Holdings
Listed By:
Katy Lincoln · License #AL 100712
Source:
Crexi
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 8 at 3:37PM
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 Lincoln Holdings
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office condominium contains approximately 2,077 square feet, with reception, treatment rooms, and clinical support areas. The suite has been updated and includes surface parking.
Located at 2000 Southlake Park, Suite 250, in Birmingham, the property is identified as a dental and medical office space.
Located at 2000 Southlake Park, Suite 250, in Birmingham, the property is identified as a dental and medical office space.
Key Highlights
- Approximately 2,077 square feet
- Updated suite with reception, treatment rooms, and clinical support areas
- Surface parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,320
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,400
$526.4K
Cap Rate 7%
$376,000
$376.0K
Cap Rate 9%
$292,444
$292.4K
Market Conditions
NOI Build-Up for 2,077 SF
Gross rent
$49.8K $24.00/SF
− Vacancy
−$6.0K −$2.88/SF
EGI
$43.9K $21.12/SF
− OpEx
−$17.5K −$8.45/SF
NOI
$26.3K $12.67/SF
Area
Birmingham, AL
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,400
Cap Rate 7%
$376,000
Cap Rate 9%
$292,444
Alternative Uses
Best Use
Healthcare Medical
$376.0K
$329.0K – $438.7K
NOI $26,320 @ 7.0% cap · market cap 3.61%
Second Best
Office B
$356.4K
$311.8K – $415.8K
NOI $24,946 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$487.5K
$426.6K – $568.8K
NOI $34,126 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35244, AL
37,448
Population
15,189
Households
2.5
Avg Household Size
39
Median Age
60%
College-Educated
97%
High-School Grad
23.9 sq mi
ZIP Area
1,567
Density / Sq Mi
$114,172
Median Household Income
$61,660
Median Earnings
$1,413
Median Rent
$390,900
Median Home Value
Market
Vacancy Rate% for Office in Birmingham, AL
Similar Off Market Nearby
- Dr. Clint Lothrop — 4506 Lake Valley Dr, Birmingham, AL 35244
- Oaksview Animal Hospital — 4506 Lake Valley Dr, Birmingham, AL 35244
Frequently Asked Questions
What type of property is this?
Medical Office Space - Patient reception, treatment areas, clinical support space, and surface parking are included in the suite.
Where is this medical office space located?
The property is located at 2000 Southlake Park Suite 250 Birmingham, AL.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Approximately 2,077 square feet; Updated suite with reception, treatment rooms, and clinical support areas; Surface parking included
