Medical Office Building For
1605 Hillcrest Rd Mobile, AL 36695
1605 Hillcrest Rd, Mobile, AL, 36695
Contact for pricing
For Sale
Contact for pricing
Well-maintained medical office building in West Mobile, Alabama.
Property Size5,056 SF
Price / SF$177.81
Days on Market998
Property Features for 1605 Hillcrest Rd
General Information
- Standard status
- Active
- Size
- 5,056 SF
- Property subtype
- Office
Building Details
- Year Built
- 1997
Listing Agency
Vallas Realty
(251) 344-1444
Listed by
Robert Cook · License #AL 000083873
Source
Crexi
Added: Oct 26, 2023 Checked: Jul 19 at 6:55 am
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 Vallas Realty
Investment Insights
Based on property information with market context.
This well-maintained medical office building is available for sale in Mobile, Alabama. The property is situated in West Mobile on Hillcrest Road, south of the intersection of Hillcrest and Grelot Roads, near Winn-Dixie, Starbucks, McDonald’s, CVS, and Waffle House. The first floor spans approximately 4,261 square feet and includes two exam rooms, a reception area, a finance office, three doctor's offices, two treatment areas, wet and dry lab areas, an imaging room, a dark room, a records room, a sterilization room, two doctor's restrooms, two public restrooms, and a waiting room. The second floor, approximately 750 square feet, features a conference room, break room, supply storage/file room, and one additional restroom. Potential owner financing is available with attractive terms.
Key Highlights
- Well‑maintained medical office building in a prime West Mobile location on Hillcrest Road.
- First floor features ±4,261 SF configured with multiple exam rooms, offices, and specialized medical areas (wet/dry labs, imaging, sterilization).
- Second floor provides ±750 SF of additional space including a conference room and break room.
Local Financial Insights For Office B
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 | $112.2k | $22.20 |
| − Vacancy | −$18.5k | −$3.66 |
| EGI | $93.7k | $18.54 |
| − OpEx | −$23.4k | −$4.63 |
| NOI | $70.3k | $13.90 |
5,056 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.00M
$878.7K – $1.17M
NOI $70,292 @ 7.0% cap · market cap 7.82%
Second Best
Healthcare Medical
$980.8K
$858.2K – $1.14M
NOI $68,656 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$1.29M
$1.12M – $1.50M
NOI $89,955 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. John R. ...
Dental Office
Rosalyn Salter DMD
Dental Office
Hillcrest Orthodontics, P.C.
Dental Office
Similar For Sale Nearby
Similar Off Market Nearby
- Dr. Michael E Rehm — 951 Hillcrest Rd, Mobile, AL 36695
- Lantz Elizabeth A DVM — 951 Hillcrest Rd, Mobile, AL 36695
- Rehm Caroline DVM — 951 Hillcrest Rd, Mobile, AL 36695
- Sheffield Michael DVM — 951 Hillcrest Rd, Mobile, AL 36695, United States
FAQs
What type of property is this?
Medical Office Space - Well-maintained medical office building in West Mobile, Alabama.
Where is this medical office space located?
The property is located at 1605 Hillcrest Rd Mobile, AL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Well‑maintained medical office building in a prime West Mobile location on Hillcrest Road.; First floor features **±4,261 SF configured with multiple exam rooms, offices, and specialized medical areas (wet/dry labs, imaging, sterilization).**; Second floor provides ±750 SF of additional space including a conference room and break room.
