Building Details

Building Size 5,881 SF

Year Built 1998

Buildings 1

Listing Agency: Down South Realty Inc

Listed By: Mary Dunnaway · License #84239 Show Phone

Source: Rightspacecre

Added: Dec 4, 2025 Changed: Oct 31 Last Checked: Oct 31 at 3:22AM

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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 Down South Realty Inc

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Investment Insights

Based on property information with market context.

The medical office building contains 5,881 square feet and dates to 1998. Its clinical layout includes 10 patient rooms, reception space, X-ray and procedure rooms, plus filing and storage areas. Parking is available at both the front and rear, with rear spaces for doctors and personnel.

The offering also includes a separate parcel exceeding one acre, zoned B-2. Located at 247 Walton Street in Columbiana, the property combines an established medical office with a second parcel of commercial land.

Key Highlights

• Medical office building with 5,881 square feet
• 10 patient rooms, reception space, X‑ray and procedure rooms
• Filing and storage areas within the building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$79,584

Cap Rate

6.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,591,680 $1.6M

Cap Rate 7%

$1,136,914 $1.1M

Cap Rate 9%

$884,267 $884.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,881 SF

Gross rent

$148.2K $25.20/SF

− Vacancy

−$15.6K −$2.65/SF

EGI

$132.6K $22.55/SF

− OpEx

−$53.1K −$9.02/SF

NOI

$79.6K $13.53/SF

Area

Shelby County, AL

Vacancy

10.50%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,591,680

Cap Rate 7%

$1,136,914

Cap Rate 9%

$884,267

Alternative Uses

Best Use

Healthcare Medical

$1.14M

$994.8K – $1.33M (±1% cap)

NOI $79,584 @ 7.0% cap · market cap 6.63%

Second Best

Office B

$884.7K

$774.1K – $1.03M (±1% cap)

NOI $61,927 @ 7.0% cap · market cap 5.16%

Theoretical Best

Office A

$1.38M

$1.21M – $1.61M (±1% cap)

NOI $96,627 @ 7.0% cap · market cap 8.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Grandview Medical Group ... Pediatrician Thomas Nolen, MD Pediatrician Baptist Health Center ... Medical Clinic Don Thrower, NP Pediatrician Dr. Christopher King Physician

Suggested Use

Top Pick Building Supply Dental Office Furniture & Home Goods Big Box & Wholesale Store Bakery Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

384

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 35051, AL

9,173

Population

3,480

Households

2.6

Avg Household Size

41

Median Age

20%

College-Educated

84%

High-School Grad

101.4 sq mi

ZIP Area

90

Density / Sq Mi

$73,682

Median Household Income

$44,384

Median Earnings

$879

Median Rent

$248,300

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - A separate B-2-zoned parcel adds commercial land to the medical office property.

Where is this medical office space located?

The property is located at 247 WALTON STREET Columbiana, AL.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Medical office building with 5,881 square feet; 10 patient rooms, reception space, X‑ray and procedure rooms; Filing and storage areas within the building