Turnkey Medical Office
4280 Watermelon Road Northport, AL 35473
4280 Watermelon Road, Northport, AL, 35473
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For Sale
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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 Market98
Property Features for 4280 Watermelon Road
General Information
- Standard status
- Active
- Size
- 4,882 SF
- Property subtype
- Office
Building Details
- Year Built
- 2019
Listing agency
The Advantage Realty Group
(334) 399-2883
Listed by
Matthew Reilly · License #000023261-0
Source
Crexi
Added: Apr 15 Updated: Jul 20 at 5:09PM Checked: Jul 21 at 6:41AM
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
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
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.2k | $24.00 |
| − Vacancy | −$8.2k | −$1.68 |
| EGI | $109.0k | $22.32 |
| − OpEx | −$43.6k | −$8.93 |
| NOI | $65.4k | $13.39 |
4,882 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 40.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
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- Emergi Pet — 231 McFarland Blvd, Northport, AL 35476
FAQs
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
