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    224 1St St Alabaster, AL 35007

    For Lease
    $24 SF/Yr

    A-Class Medical Office Space Available

    Lot size:
    19,854 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional two-story, Class A medical office building, totaling 19,854 square feet, is situated on 1.4 acres in Alabaster, Alabama's thriving Medical Mile. Built in 2001, the property boasts 110 parking spaces and offers multiple suites for lease, with one immediately available space of 1,929 square feet. The minimum divisible space is also 1,929 square feet, making it ideal for a variety of medical or traditional office uses. The building features a total of five suites. This prime location within Shelby County benefits from its proximity to major transportation routes, ensuring convenient access for patients and employees. The Medical Mile is experiencing significant commercial growth, attracting a diverse range of businesses and healthcare facilities, creating a vibrant and dynamic environment. This presents a unique opportunity to establish a presence in a rapidly expanding commercial corridor known for its concentration of healthcare providers and related businesses. The property's strategic location and modern amenities make it an attractive option for businesses seeking a high-quality space in a thriving medical hub. The building's Class A designation reflects its superior construction, design, and amenities.

    Property Features for 224 1St St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,854 SF
    Class
    A
    Total Rate
    39708

    Building Details

    Year Built
    2001
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 125
    Size
    1,929 SF
    Rate per SF
    $24

    HighLights

    • 19,854 SF Class A medical office building on 1.4 acres in Alabaster, AL's Medical Mile.
    • Built in 2001, featuring 110 parking spaces and five suites, with one 1,929 SF suite immediately available; minimum divisible space is 1,929 SF.
    • Prime location with easy access to major transportation routes.
    • High visibility from 1st St N, ample parking, and flexible floor plans.
    • Professionally managed with a well‑maintained exterior.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Melissa Hull, Realtor, ... Real Estate Agency Lesley Hutchison Keller ... Real Estate Agent Dale Bolena Realtor ... Real Estate Agent Alabama Physical Therapy Physical Therapist HHENRY Realty at Keller ... Real Estate Agency

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alabaster
    County
    Shelby
    State
    Alabama
    Longitude
    -86.8153551
    Latitude
    33.2456409

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    FAQs

    What type of property is this?
    Medical office - A-Class Medical Office Space Available
    Where is this medical office located?
    The property is located at 224 1St St Alabaster, AL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 19,854 SF Class A medical office building on 1.4 acres in Alabaster, AL's Medical Mile.; Built in 2001, featuring 110 parking spaces and five suites, with one 1,929 SF suite immediately available; minimum divisible space is 1,929 SF.; Prime location with easy access to major transportation routes.
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    Alabaster, AL 35007
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    224 1St St Alabaster, AL 35007
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