Medical Office Condo with Lab
For Sale
$2,100,000
4280 Watermelon Road Ste 111, Northport, AL 35473
Modern healthcare facility with exam rooms, laboratory space, a Fluoro Suite, staff offices, and a generous patient waiting area.
Property Size4,881 SF
Price / SF$430.24
Days on Market109
Property Features for 4280 Watermelon Road Ste 111
General Information
Standard status
Active
Size
4,881 SF
Class
A
Property subtype
Commercial/Industrial
Occupancy
100%
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$6,620
Building Details
Year Built
2019
Tenancy
Single
Owner Occupied
No
Listing Agency:
Advantage Realty Group
(205) 345-0116
Listed By:
Matthew Reilly · License #0000232610
(334) 399-2883
Source:
Exitrealty
Added: Jun 28
Changed: Oct 13
Last Checked: Oct 12 at 6:18PM
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 Advantage Realty Group
Investment Insights
Based on property information with market context.
This medical office condominium contains approximately 4,881 square feet and was built in 2019. Its clinical layout includes eight exam rooms, a Fluoro Suite, dedicated lab space, three private offices, and a large waiting area. The configuration supports organized patient circulation and accommodates medical practices requiring both treatment and administrative areas.
The property is located at 4280 Watermelon Road, Suite 111, in Northport, Alabama, along the Watermelon Road corridor. The space is occupied by a tenant under a lease scheduled to expire 03/31/27.
The property is located at 4280 Watermelon Road, Suite 111, in Northport, Alabama, along the Watermelon Road corridor. The space is occupied by a tenant under a lease scheduled to expire 03/31/27.
Key Highlights
- 4,881‑square‑foot medical office condominium built in 2019
- Eight exam rooms plus a Fluoro Suite and lab space
- Three private offices for staff and administration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,366
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,307,320
$1.3M
Cap Rate 7%
$933,800
$933.8K
Cap Rate 9%
$726,289
$726.3K
Market Conditions
NOI Build-Up for 4,881 SF
Gross rent
$117.1K $24.00/SF
− Vacancy
−$8.2K −$1.68/SF
EGI
$108.9K $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%
$1,307,320
Cap Rate 7%
$933,800
Cap Rate 9%
$726,289
Alternative Uses
Best Use
Healthcare Medical
$933.8K
$817.1K – $1.09M
NOI $65,366 @ 7.0% cap · market cap 3.11%
Second Best
Office B
$807.7K
$706.7K – $942.3K
NOI $56,537 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,106 @ 7.0% cap · market cap 3.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Modern healthcare facility with exam rooms, laboratory space, a Fluoro Suite, staff offices, and a generous patient waiting area.
Where is this medical office space located?
The property is located at 4280 Watermelon Road Ste 111 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: 4,881‑square‑foot medical office condominium built in 2019; Eight exam rooms plus a Fluoro Suite and lab space; Three private offices for staff and administration
