Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    300 1st Street North Alabaster, AL 35007

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,575,000

    100% occupied medical office building near Shelby Baptist Medical Center.

    Type:Special Purpose
    Lot size:
    3.50 Acres
    Added:
    Feb 25, 2026
    Days on Market:
    59
    Last Refresh:
    Feb 25 at 9:10 pm

    Property Features for 300 1st Street North

    General Information

    Standard status
    Active
    Lot size
    3.50 Acres
    Property subtype
    Special Purpose

    We can help!

    Listing Contact
    Bart Moore
    Bart Moore

    Listing agent Bart Moore

    Listing office Ironvest Partners

    Listing date Feb 25, 2026

    Source Ironvestpartners

    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 Ironvest Partners

    Overview

    Medical Office Building For Sale

    This is a rare opportunity to purchase a 100% occupied medical office building. The concrete frame, three-tenant building is located in Alabaster, AL, and sits on 3.5 acres. It is situated only 0.3 miles from Shelby Baptist Medical Center. The property offers the opportunity to significantly improve net operating income. Large parking areas are available in the front and rear of the building. The property has three long-term tenants.
    Location Intelligence

    Current Use by Public Records

    Alabama Family Medicine ... Medical Clinic Jennifer Gafnea CRNP Medical Clinic Mc Clintock Mark ... Ophthalmologist Toy S. Holland, ... Physician Fisk James D ... Physician

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Alabaster Animal Clinic — 1378 1st St N, Alabaster, AL 35007

    Location Insight

    • Map
    • Local Demand
    City
    Alabaster
    County
    Shelby
    State
    Alabama
    Longitude
    -86.8147702
    Latitude
    33.2463326

    Nearby Similar for Sale

    • $800

      Prime Office Space Near I65

      Well-maintained office space with I65 access and conference room.
      101 AVIATORS VIEW DRIVE, ALABASTER, AL 35007
      View Details
    • $308,000

      Highway 119 Commercial Opportunity

      Commercial property on Highway 119, Alabaster. High visibility and traffic.
      10599 HIGHWAY 119, ALABASTER, AL 35007
      View Details
    • $475,000
      3,290 SF

      Alabaster Medical Mile Opportunity

      Prime location in Alabaster's Medical Mile District.
      223 1st N Street, ALABASTER, AL 35007
      View Details
    • $290,000

      Commercial Property in Alabaster, AL

      Commercial property with road frontage and easy interstate access.
      1314 1ST STREET, ALABASTER, AL 35007
      View Details
    • $1,599,000
      17,500 SF

      Alabaster Warehouse with Office/Showroom

      17,500 SF warehouse with office/showroom space for sale.
      130 Commercial Ct, Alabaster, AL 35007
      View Details
    • $800,000
      7,800 SF

      Versatile Flex Space in Alabaster

      Flex space with warehouse, convenient location, expansion opportunity.
      105 Corporate Woods Cir, Alabaster, AL
      View Details
    • $60,000
      530 SF

      Investment Opportunity with Rental Income

      Property with existing month-to-month lease, ideal for investment.
      210 2nd SW Place 12, ALABASTER, AL 35007
      View Details
    • $4,200,000
      33,730 SF

      Former YMCA Facility on 3 Acres

      33,730 SF former YMCA on 3 acres available for sale.
      117 Plaza Cir, Alabaster, AL 35007
      View Details
    • $1,700,000
      10,060 SF

      Medical Office Building For Sale

      Medical office building with immediate occupancy and long-term lease income.
      122 7th Ave NE, Alabaster, AL 35007
      View Details
    • $2,200,000
      4,800 SF

      Commercial Property in Alabaster, Alabama

      Commercial property available for sale in Alabaster, Alabama.
      251 Buck Creek Plaza Hwy 119, Alabaster, AL 35007
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 100% occupied medical office building near Shelby Baptist Medical Center.
    Where is this medical office space located?
    The property is located at 300 1st Street North Alabaster, AL.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: 100% Occupied Medical Office Building; Enjoy an attractive **8.07 CAP Rate**; Located just .3 Miles from Shelby Baptist Medical Center
    (205) 936-4041
    We can help!
    Listing Contact
    Bart Moore
    Bart Moore
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!