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    737 Memorial Dr Bessemer, AL 35022

    Sponsored
    For Sale
    $595,000

    Prime Medical Office, High ROI

    Property size:
    6,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,500 square foot medical office building in Bessemer, Alabama, presents a compelling investment opportunity. Located on a 1.19-acre lot, the property boasts a prime location directly across from UAB Medical West, ensuring high visibility and accessibility. Built in 2020, the Class B building features a high-quality medical build-out, abundant parking, and easy access from AL-11 and I-20. Currently fully leased to high-quality tenants, including UAB Medical West Imaging and Birmingham Hematology, the property generates a gross annual income of $185,000 and a net operating income of $135,000, resulting in a current cap rate of 15.9%. Leases expire October 21, 2024. The single-story building is ideal for both owner-users and investors seeking a strong return in a thriving medical campus environment. The property's strategic location benefits from the proximity of UAB and the relocation of Birmingham Hematology, further enhancing its long-term value and potential. This is a rare opportunity to acquire a well-maintained, high-performing medical office building in a rapidly growing area. The property is zoned for medical use and offers significant potential for future growth and appreciation. The asking price is $595,000.

    Property Features for 737 Memorial Dr

    General Information

    Property type
    Medical offices
    Square Feet
    6,500 SF
    Class
    B
    Lot Size
    51,836 SF

    Building Details

    Year Renovated
    2020
    Buildings
    1
    Stories
    1

    HighLights

    • 6,500 SF medical office building in Bessemer, AL, across from UAB Medical West.
    • Fully leased to high‑quality tenants (UAB Medical West Imaging & Birmingham Hematology) with leases expiring 10/21/2024.
    • Strong financials: $185,000 gross annual income, $135,000 net operating income, 15.9% cap rate.
    • Located on a 1.19‑acre lot with ample parking, built in 2020 (Class B).
    • Asking price: $595,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Alabama Oncology: Rossman ... Oncologist Birmingham Hematology Oncology Medical Clinic Imaging Center West Mri Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bessemer
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.988845995931
    Latitude
    33.373341035941

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, High ROI
    Where is this medical office located?
    The property is located at 737 Memorial Dr Bessemer, AL.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: 6,500 SF medical office building in Bessemer, AL, across from UAB Medical West.; Fully leased to high-quality tenants (UAB Medical West Imaging & Birmingham Hematology) with leases expiring 10/21/2024.; Strong financials: $185,000 gross annual income, $135,000 net operating income, 15.9% cap rate.
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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
    737 Memorial Dr Bessemer, AL 35022
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