Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1973 Chandalar Dr Pelham, AL 35124
    Back to Search
    Property profile & analytics

    1973 Chandalar Dr Pelham, AL 35124

    View on Map
    • Office properties & Spaces
    • 7,548 SF
    • 0.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nicholas Kentros, DMD / Dental Office
    • Pelham Dental Care - Turner Russell DMD / Dental Office
    • Glaze Kelly / Dental Office
    • Farmers Insurance - Christopher Monroe / Insurance Agency
    • Pelham Dental Care / Dental Office

    Property Details for 1973 Chandalar Dr

    Year built
    1999
    Lot size
    0.50 lot acres
    Property size
    7,548 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 7,548-square-foot medical office building, situated on a half-acre lot in Pelham, Alabama, presents a unique owner-user opportunity. Priced at $985,000 ($130.50/sq ft), this Class B property boasts three units within a single, two-story building constructed in 1999. The building features a convenient layout currently configured as a dental office with six operatories, already built out for immediate use. Ample parking is available, exceeding the standard with a 4.5/1,000 parking ratio. Its strategic location offers easy access to major transportation arteries, including Highway 31, I-65, and Highway 119, ensuring high visibility and convenient patient access. The property is for sale by owner and represents a strong investment in a thriving medical market. The address is 1973 Chandalar Drive, Pelham, AL 35124, within Shelby County. This turnkey operation is ideal for a growing dental practice or other medical professional seeking a well-established and conveniently located space. The property's excellent condition and prime location make it a highly desirable asset.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pelham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.802
    Latitude
    33.315

    Comparable in this City

    • Value Estimation
      $725,000
      4,458 SF

      Pelham, AL 35124

      MEDICAL BUILDING • 4,458 SF
      Pelham, AL 35124
      View Details
    • Value Estimation by Request
      2,215 SF

      6496 Quail Run Dr

      MEDICAL BUILDING • 2,215 SF
      6496 Quail Run Dr, Hoover, AL 35124-3104
      View Details
    • Value Estimation by Request
      2,568 SF

      3429 Pelham Pkwy

      MEDICAL BUILDING • 2,568 SF
      3429 Pelham Pkwy, Pelham, AL 35124-2009
      View Details
    • Value Estimation
      $905,000
      6,235 SF

      Pelham, AL 35124

      MEDICAL BUILDING • 6,235 SF
      Pelham, AL 35124
      View Details
    • Value Estimation
      $870,000
      4,182 SF

      2970 Pelham Pkwy

      MEDICAL BUILDING • 4,182 SF
      2970 Pelham Pkwy, Pelham, AL 35124-1799
      View Details
    • Value Estimation
      $900,000
      3,608 SF

      2508 Pelham Pkwy

      MEDICAL BUILDING • 3,608 SF
      2508 Pelham Pkwy, Pelham, AL 35124-1321
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,480 SF

      Pelham Parkway Retail/Office Opportunity

      2,480 SF building on 0.50-acre lot in Pelham, AL.
      2621 Pelham Pkwy, Pelham, AL 35124
      View Details
    • Contact for pricing
      3,216 SF

      Highway Frontage Commercial Building

      3,216 SF building on 0.43 acres near Hoover/Pelham border.
      2127 Old Montgomery Hwy, Pelham, AL 35124
      View Details
    • Contact for pricing
      7,548 SF

      Pelham Medical Office For Sale

      Medical office space with 6 operatories, ample parking.
      1973 Chandalar Dr, Pelham, AL 35124
      View Details
    • $4,250,000
      0.92 Acres

      Prime Commercial Property on Highway 11

      10.5 acres with office building in Pelham's growth corridor.
      2969 Highway 11, Pelham, AL 35124
      View Details
    • $1,800,000
      20,000 SF

      Highway Frontage Industrial Flex Building

      20,000 SF flex building with highway frontage for sale.
      40 Commerce Dr, Pelham, AL 35124
      View Details
    • $325,000
      1,330 SF

      Commercial Building on Large Lot

      1,330 SF building on 2.05 acre lot for sale.
      3280 Highway 52 W, Pelham, AL 35124
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr

      Versatile Space in Pelham, AL

      Adaptable commercial space suitable for office, retail, or medical use.
      201 Yeager Pkwy, Pelham, AL 35124
      View Details
    • Contact for pricing

      Pelham Highway 31 Mixed-Use Space

      Retail, office, and storage space with Highway 31 frontage.
      2706 Pelham Pkwy, Pelham, AL 35124
      View Details
    • $9 SF/Yr

      Pelham Flex Warehouse Sublease

      8,750 SF flex warehouse with office space available for sublease.
      220 Commerce Pkwy, Pelham, AL 35124
      View Details
    • Contact for pricing

      Renovated Executive Office Suites

      Executive office suites for lease in Pelham, Alabama.
      230 Bearden Rd, Pelham, AL 35124
      View Details
    • $11 SF/Yr

      Versatile Commercial Space in Pelham

      Modern property in Pelham, AL, suitable for various businesses.
      246 Cahaba Valley Pkwy, Pelham, AL 35124
      View Details
    • Contact for pricing

      Move-In Ready Office Space Available

      Office and flex spaces available in Pelham, Alabama.
      334 Business Cir, Pelham, AL 35124
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1973 Chandalar Dr
    Pelham, AL 35124
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1973 Chandalar Dr, Pelham, AL, 35124
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!