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    122 7Th Ave Alabaster, AL 35007

    Sponsored
    For Sale
    $2,200,000

    100% Occupied, High-Growth Location

    Property size:
    10,060 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story medical office building presents a compelling investment opportunity in Alabaster, Alabama. Located directly across from Shelby County's largest hospital, a 252-bed medical center, this 10,060 square foot property boasts a 100% occupancy rate with four tenants under gross leases. The building features a new roof (2022), updated HVAC systems, an elevator, 40 parking spaces, and a prominent monument sign. Its prime location offers easy access from Highway 31, with a traffic light ensuring convenient ingress and egress. The high traffic count of 26,000 cars per day on Highway 31, combined with abundant nearby shopping and restaurants, creates a highly desirable environment. The property sits on a spacious 10,060 square foot lot, providing ample parking in a level, easily accessible area. The building benefits from built-in rent bumps and a strong net operating income (NOI) of $148,519, resulting in a 6.75% capitalization rate at an asking price of $2,200,000. Alabaster's ranking as the 8th best school district in Alabama and its designation as one of the fastest-growing cities, with over 345,000 residents within a five-mile radius, further underscores the property's exceptional investment potential. This is a low-risk, recession-resistant investment in a high-growth area.

    Property Features for 122 7Th Ave

    General Information

    Property type
    Medical offices
    Square Feet
    10,060 SF
    Class
    B
    Lot Size
    438,213,600 SF

    Building Details

    Buildings
    1
    Stories
    2

    HighLights

    • $2,200,000 Asking Price
    • $207,792 Gross Annual Income
    • $148,519 Net Operating Income (NOI)
    • 6.75% Cap Rate
    • Fee Simple Ownership
    • Lease includes renewal options with annual rent increases
    Property Profile Location Intelligence

    Current Use by Public Records

    Alabaster Aesthetic Dentistry-Dr. ... Cosmetic Dentist Baugh Temple Dentist SouthernCare New Beacon ... Hospice Penfield Orthodontics Dentist Penfield Orthodontics: Penfield ... Orthodontist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Alabaster
    County
    Shelby
    State
    Alabama
    Longitude
    -86.81394361343
    Latitude
    33.251269719505

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    FAQs

    What type of property is this?
    Medical office - 100% Occupied, High-Growth Location
    Where is this medical office located?
    The property is located at 122 7Th Ave Alabaster, AL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: $2,200,000 Asking Price; $207,792 Gross Annual Income; $148,519 Net Operating Income (NOI)
    Request Owner's contact information
    122 7Th Ave Alabaster, AL 35007
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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
    122 7Th Ave Alabaster, AL 35007
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