Heartland Dental Medical
716 32nd Street South, Birmingham, AL 35233
For Sale
Contact for pricing
Purpose-built dental facility with net-lease occupancy near UAB and Birmingham’s established healthcare corridor.
Property Size4,700 SF
Price / SF$297.66
Days on Market101
Property Features for 716 32nd Street South
General Information
Standard status
Size
Class
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Site & Location
Neighborhood
Highway Access
Building Details
Year Built
Buildings
Units
Tenancy
Listing Agency:
Atlantic Capital Partners
Listed By:
David Hoppe · License NC #288268
(704) 375-7771
Source:
Crexi
Added: Aug 4
Changed: Nov 4
Last Checked: Nov 10 at 8:13AM
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 Atlantic Capital Partners
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Investment Insights
Based on property information with market context.
This 4,700-square-foot medical office property was constructed in 1992 as a purpose-built dental facility and is leased to a Heartland Dental-supported practice. The building represents a specialized outpatient healthcare asset with an established net-lease structure.
The property is located at 716 32nd Street South in Birmingham, Alabama, just off Red Mountain Expressway (US-280), which carries more than 85,300 vehicles per day. It is approximately three miles south of Downtown Birmingham and immediately near the University of Alabama at Birmingham campus. The surrounding healthcare corridor includes major hospitals, research institutions, medical office buildings, and complementary healthcare providers. Within five miles, the property is supported by a population of more than 173,000 residents, while average household income exceeds $126,000 within three miles and $111,000 within five miles.
The property is located at 716 32nd Street South in Birmingham, Alabama, just off Red Mountain Expressway (US-280), which carries more than 85,300 vehicles per day. It is approximately three miles south of Downtown Birmingham and immediately near the University of Alabama at Birmingham campus. The surrounding healthcare corridor includes major hospitals, research institutions, medical office buildings, and complementary healthcare providers. Within five miles, the property is supported by a population of more than 173,000 residents, while average household income exceeds $126,000 within three miles and $111,000 within five miles.
Key Highlights
- 4700‑square‑foot purpose‑built dental facility
- Constructed in 1992
- Leased to a Heartland Dental‑supported practice
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,558
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,160
$1.2M
Cap Rate 7%
$850,829
$850.8K
Cap Rate 9%
$661,756
$661.8K
Market Conditions
NOI Build-Up for 4,700 SF
Gross rent
$112.8K $24.00/SF
− Vacancy
−$13.5K −$2.88/SF
EGI
$99.3K $21.12/SF
− OpEx
−$39.7K −$8.45/SF
NOI
$59.6K $12.67/SF
Area
Birmingham, AL
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,160
Cap Rate 7%
$850,829
Cap Rate 9%
$661,756
Alternative Uses
Best Use
Healthcare Medical
$850.8K
$744.5K – $992.6K
NOI $59,558 @ 7.0% cap · market cap 4.26%
Second Best
Office B
$806.4K
$705.6K – $940.8K
NOI $56,449 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$1.10M
$965.3K – $1.29M
NOI $77,223 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,199
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35233, AL
2,588
Population
2,710
Households
1
Avg Household Size
27
Median Age
90%
College-Educated
99%
High-School Grad
1.5 sq mi
ZIP Area
1,725
Density / Sq Mi
$52,207
Median Household Income
$48,750
Median Earnings
$1,526
Median Rent
$332,100
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Jefferson County, AL
Properties on Market for Medical Office Space in Jefferson County
Vacancy Rate% for Office in Birmingham, AL
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built dental facility with net-lease occupancy near UAB and Birmingham’s established healthcare corridor.
Where is this medical office space located?
The property is located at 716 32nd Street South Birmingham, AL.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 4700‑square‑foot purpose‑built dental facility; Constructed in 1992; Leased to a Heartland Dental‑supported practice
