Medical Office with Dental
New
For Sale
Contact for pricing
2120 Lynngate Drive, Birmingham, AL 35216
Freestanding medical office configured for dental operations with dedicated parking and specialized clinical infrastructure.
Property Size3,000 SF
Price / SF$228.33
Days on Market6
Property Features for 2120 Lynngate Drive
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Office
Amenities
central supply/storage
sterilization area
lab space
laundry area
gas cylinder storage
conference room
private offices
private entrance
LED lighting
ADA restrooms
shower
tinted windows
electrically ready for generator
Building Details
Buildings
1
Building Size
3,000 SF
Listed By:
Jacob Word · License #000161810 - 1
Source:
Crexi
Added: Aug 6
Changed: Aug 10
Last Checked: Aug 10 at 9:24AM
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 Jacob Word
Investment Insights
Based on property information with market context.
This freestanding medical office comprises 3,000 SF and is configured for dental operations. Seven operatories include cabinetry and plumbing, along with N2O, vacuum, compressed air, and O2 connections. The interior also provides a central supply, storage and sterilization area, dedicated laboratory space, laundry facilities, and secured cylinder storage.
Additional improvements include a conference room with seating for 10, private offices, a private entrance, LED lighting with automatic switches, and two ADA-compliant restrooms plus a third restroom with a shower. The building has a metal roof, tinted windows, and an encapsulated crawl space. Electrical service is prepared for a natural gas generator, and dedicated parking is provided.
Additional improvements include a conference room with seating for 10, private offices, a private entrance, LED lighting with automatic switches, and two ADA-compliant restrooms plus a third restroom with a shower. The building has a metal roof, tinted windows, and an encapsulated crawl space. Electrical service is prepared for a natural gas generator, and dedicated parking is provided.
Key Highlights
- 3,000 SF freestanding medical office building
- Seven dental operatories with cabinetry, plumbing, N2O, vacuum, compressed air, and O2
- Central supply, storage, sterilization, lab, laundry, and gas‑cylinder storage areas
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
$38,016
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
5.55%
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%
$760,320
$760.3K
Cap Rate 7%
$543,086
$543.1K
Cap Rate 9%
$422,400
$422.4K
Market Conditions
NOI Build-Up for 3,000 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
$72.0K $24.00/SF
− Vacancy
−$8.6K −$2.88/SF
EGI
$63.4K $21.12/SF
− OpEx
−$25.3K −$8.45/SF
NOI
$38.0K $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 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%
$760,320
Cap Rate 7%
$543,086
Cap Rate 9%
$422,400
Alternative Uses
Best Use
Healthcare Medical
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 5.55%
Second Best
Office B
$514.7K
$450.4K – $600.5K
NOI $36,031 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$704.2K
$616.1K – $821.5K
NOI $49,291 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,084
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35216, AL
36,673
Population
16,333
Households
2.2
Avg Household Size
35
Median Age
53%
College-Educated
94%
High-School Grad
13.0 sq mi
ZIP Area
2,821
Density / Sq Mi
$73,125
Median Household Income
$42,767
Median Earnings
$1,314
Median Rent
$376,200
Median Home Value
Market
Vacancy Rate% for Office in Birmingham, AL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Freestanding medical office configured for dental operations with dedicated parking and specialized clinical infrastructure.
Where is this medical office space located?
The property is located at 2120 Lynngate Drive Birmingham, AL.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: 3,000 SF freestanding medical office building; Seven dental operatories with cabinetry, plumbing, N2O, vacuum, compressed air, and O2; Central supply, storage, sterilization, lab, laundry, and gas‑cylinder storage areas
