Medical Office Space with
861 Gadsden Highway Birmingham, AL 35235
861 Gadsden Highway, Birmingham, AL, 35235
$255,000
For Sale
$255,000
Commercial property zoned C-2 features five rooms and one full bath, with a covered front porch and back deck.
Property Size1,104 SF
Lot Size1.00 Acre
Price / SF$230.98
Days on Market49
Property Features for 861 Gadsden Highway
General Information
- Standard status
- Active
- Size
- 1,104 SF
- Lot size
- 1.00 Acre
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1931
Listing agency
RealtySouth-Inverness Office
(205) 914-9460
Listed by
Sunday Stephens
(205) 914-9460
Source
Exitrealty
Added: Jun 4 Updated: Jul 22 at 1:52AM Checked: Jul 22 at 9:11AM
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 RealtySouth-Inverness Office
Investment Insights
Based on property information with market context.
This commercial property is zoned C-2 and is currently rented by an EMS service. The interior includes five rooms plus one full bathroom, including a kitchen and a utility room. Layout also features a lobby office upon entry, a large office space, and two additional rooms with closets.
The property includes a covered front porch and a back deck. It is listed with approximately one acre of property and is described as being about three miles from several national retailers including Lowe’s, Starbucks, Staples, Target, and the Pinnacle Shopping Complex.
For business use, the remarks note the house can be used for any business zoned C-1 or C-2.
The property includes a covered front porch and a back deck. It is listed with approximately one acre of property and is described as being about three miles from several national retailers including Lowe’s, Starbucks, Staples, Target, and the Pinnacle Shopping Complex.
For business use, the remarks note the house can be used for any business zoned C-1 or C-2.
Key Highlights
- Commercial property zoned C‑2 (year built 1931), with 5 rooms and 1 full bathroom
- Rented by an EMS service
- Interior includes a lobby office and additional large office space, plus 2 other rooms with closets
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 | $26.5k | $24.00 |
| − Vacancy | −$3.2k | −$2.88 |
| EGI | $23.3k | $21.12 |
| − OpEx | −$9.3k | −$8.45 |
| NOI | $14.0k | $12.67 |
1,104 SF · lease $24.00/SF/yr · vacancy 12.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$199.9K
$174.9K – $233.2K
NOI $13,990 @ 7.0% cap · market cap 5.49%
Second Best
Office B
$189.4K
$165.8K – $221.0K
NOI $13,260 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$259.1K
$226.7K – $302.3K
NOI $18,139 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Commercial property zoned C-2 features five rooms and one full bath, with a covered front porch and back deck.
Where is this medical office space located?
The property is located at 861 Gadsden Highway Birmingham, AL.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Commercial property zoned C‑2 (year built 1931), with 5 rooms and 1 full bathroom; Rented by an EMS service; Interior includes a lobby office and additional large office space, plus 2 other rooms with closets
