Turnkey Medical Office
For Sale
Contact for pricing
4280 Watermelon Road, Northport, AL 35473
Built in 2019, the property includes eight exam rooms, a dedicated Fluoro Suite, and on-site lab space.
Property Size4,882 SF
Price / SF$430.15
Days on Market190
Property Features for 4280 Watermelon Road
General Information
Standard status
Active
Size
4,882 SF
Class
A
Property subtype
Office
Zoning
OI
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Net Lease
Additional Details
Business Included
Yes
Building Details
Year Built
2019
Year Renovated
2019
Buildings
1
Tenancy
Single
Listing Agency:
The Advantage Realty Group
Listed By:
Matthew Reilly · License #000023261-0
(334) 399-2883
Source:
Crexi
Added: Apr 15
Changed: Oct 15
Last Checked: Oct 20 at 6:32PM
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 The Advantage Realty Group
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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 Class A medical office property was built in 2019 and is offered as a turnkey facility designed for patient flow and in-house services. The interior layout includes eight fully equipped exam rooms, a dedicated Fluoro Suite, and on-site lab space. In addition, there are three private offices and an expansive waiting area intended to support a comfortable patient experience.
The property is located along the Watermelon Road corridor in Northport, with the listing describing strong visibility and accessibility for patient traffic. It is currently occupied by a tenant, and the existing lease is set to expire January 2027.
With its modern, purpose-built configuration and comprehensive diagnostic capabilities on site, the space is suited to a range of healthcare specialties seeking a ready-to-operate medical office setting.
The property is located along the Watermelon Road corridor in Northport, with the listing describing strong visibility and accessibility for patient traffic. It is currently occupied by a tenant, and the existing lease is set to expire January 2027.
With its modern, purpose-built configuration and comprehensive diagnostic capabilities on site, the space is suited to a range of healthcare specialties seeking a ready-to-operate medical office setting.
Key Highlights
- Built in 2019 Class A medical office with 4,882 SF designed for modern patient care
- Includes eight fully equipped exam rooms plus a dedicated Fluoro Suite
- On‑site lab space supports in‑house services
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,380
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,307,600
$1.3M
Cap Rate 7%
$934,000
$934.0K
Cap Rate 9%
$726,444
$726.4K
Market Conditions
NOI Build-Up for 4,882 SF
Gross rent
$117.2K $24.00/SF
− Vacancy
−$8.2K −$1.68/SF
EGI
$109.0K $22.32/SF
− OpEx
−$43.6K −$8.93/SF
NOI
$65.4K $13.39/SF
Area
Tuscaloosa County, AL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,307,600
Cap Rate 7%
$934,000
Cap Rate 9%
$726,444
Alternative Uses
Best Use
Healthcare Medical
$934.0K
$817.3K – $1.09M
NOI $65,380 @ 7.0% cap · market cap 3.11%
Second Best
Office B
$807.8K
$706.9K – $942.5K
NOI $56,548 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,123 @ 7.0% cap · market cap 3.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35473, AL
17,888
Population
8,601
Households
2.1
Avg Household Size
38
Median Age
37%
College-Educated
90%
High-School Grad
25.8 sq mi
ZIP Area
693
Density / Sq Mi
$67,224
Median Household Income
$44,581
Median Earnings
$922
Median Rent
$249,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Emergi Pet — 231 McFarland Blvd, Northport, AL 35476
- White Scott E MD — 301 23rd St N, Tuscaloosa, AL 35406
- Animal Medical Center — 1100 Rice Vly Rd N, Tuscaloosa, AL 35406
Frequently Asked Questions
What type of property is this?
Medical Office Space - Built in 2019, the property includes eight exam rooms, a dedicated Fluoro Suite, and on-site lab space.
Where is this medical office space located?
The property is located at 4280 Watermelon Road Northport, AL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Built in 2019 Class A medical office with 4,882 SF designed for modern patient care; Includes eight fully equipped exam rooms plus a dedicated Fluoro Suite; On‑site lab space supports in‑house services
