Rainsville Medical Office For
83 George Wallace Drive SE Rainsville, AL 35986
83 George Wallace Drive SE, Rainsville, AL, 35986
$499,900
For Sale
$499,900
COMMERCIAL - Rainsville, AL
Property Size3,000 SF
Lot Size0.75 Acres
Price / SF$166.63
Days on Market141
Property Features for 83 George Wallace Drive SE
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 2, Bathroom 1
- Standard status
- Active
- APN
- 1607250002005.004
- Size
- 3,000 SF
- Lot size
- 0.75 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1998
- Floors in Building
- 1
- Flooring type
- Carpet, Tile
- Roof type
- Metal
Listing Agency
Southern Properties Agency Inc
(256) 845-6000
311 Gault Avenue N, Fort Payne, AL
Listed by
Matthew Woods · License #073756
(256) 996-9144
Added: Feb 26 Checked: Jul 16 at 11:06 pm
MLS# 21909838
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property in Rainsville, Alabama, presents an opportunity to own a fully built-out medical office. The office space, totaling approximately 3,000 square feet, is designed for clinical use and is suited for medical, dental, or specialty practices, as well as professional healthcare users. The layout is intended to support patient flow, staff productivity, and privacy. The property is located in the heart of Rainsville and serves the greater DeKalb County area. The lot size is 0.75 acres.
Key Highlights
- Fully built‑out 3,000 sq ft medical office space.
- Prime location in the heart of Rainsville, serving DeKalb County.
- Ideal for medical, dental, specialty practice, or professional healthcare user.
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 | $63.0k | $21.00 |
| − Vacancy | −$6.6k | −$2.21 |
| EGI | $56.4k | $18.80 |
| − OpEx | −$22.6k | −$7.52 |
| NOI | $33.8k | $11.28 |
3,000 SF · lease $21.00/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$483.3K
$422.9K – $563.9K
NOI $33,831 @ 7.0% cap · market cap 6.77%
Second Best
Office B
$285.8K
$250.1K – $333.5K
NOI $20,007 @ 7.0% cap · market cap 4.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ricky G. Deerman, ...
Pediatrician
DeKalb Primary Care
Pediatrician
Katherine Woods, MD, ...
Pediatrician
Similar For Sale Nearby
Similar Off Market Nearby
- Rainsville Animal Clinic — E Behind Ace hardware!, 756 George Wallace Dr, Rainsville, AL 35986
FAQs
What type of property is this?
Medical Office Space - 3,000 SF medical office in the heart of Rainsville.
Where is this medical office space located?
The property is located at 83 George Wallace Drive SE Rainsville, AL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Fully built‑out 3,000 sq ft medical office space.; Prime location in the heart of Rainsville, serving DeKalb County.; Ideal for medical, dental, specialty practice, or professional healthcare user.
