Rainsville Medical Office For
83 George Wallace SE Drive Rainsville, AL 35986
83 George Wallace SE Drive, Rainsville, AL, 35986
$499,900
For Sale
$499,900
3,000 SF medical office in the heart of Rainsville.
Property Size3,000 SF
Price / SF$166.63
Days on Market153
Property Features for 83 George Wallace SE Drive
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1998
Listing Agency
Southern Properties Agency Inc
(256) 996-9144
Listed by
Matthew Woods · License #073756
(256) 996-9144
Source
Exitrealty
Added: Feb 14 Checked: Jul 15 at 9:05 pm
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 Southern Properties Agency Inc
Investment Insights
Based on property information with market context.
This is a prime opportunity to own a fully built-out medical office located in Rainsville, Alabama, serving the greater DeKalb County area. The office offers approximately 3,000 square feet of clinical space. It is designed to be suitable for medical, dental, specialty practices, or professional healthcare users. The layout is intended to support patient flow, staff productivity, and privacy. The property is designed for established medical use.
Key Highlights
- Fully built‑out 3,000 sq ft medical office space
- Ideal for medical, dental, specialty practice, or professional healthcare user
- Efficient layout supports patient flow, staff productivity, and privacy
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
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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 SE Drive 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; Ideal for medical, dental, specialty practice, or professional healthcare user; Efficient layout supports patient flow, staff productivity, and privacy
