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Property profile & analytics
OFF-MARKET
Medical Office Space

100 Elecia Ln 2 Foley, AL 36535-8970

2,508 SF 0.33 ac lot Built 1999
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US03-0363250
Property summary
AI-generated overview

This exceptional 2,377 square foot single-tenant medical office building presents a unique investment opportunity. Located in Foley, Alabama, this Class B property boasts a prime location, situated on 0.33 acres of land and built in 1999. The building features a single story, offering convenient access and functionality. Currently vacant, this turn-key dental office is ready for immediate occupancy. The interior layout is thoughtfully designed, including five treatment rooms, a panoramic X-ray area, a dedicated lab room, a spacious reception/waiting area, a private consultation suite, a convenient breakroom, and ample office space. Its strategic location offers unparalleled convenience and accessibility. It's approximately 0.25 miles from South Baldwin Regional Medical Center, 0.1 miles from AL Hwy 59, and 3.6 miles from Foley Beach Express, ensuring high visibility and easy access for patients and staff. The property is zoned B-1A Extended Business District & FMOC-Foley Medical Overlay District, making it ideal for medical practices. With an estimated 33,695 households within a 10-mile radius, this property offers significant potential for growth and profitability. The building's single-tenant occupancy simplifies management and provides a stable income stream. This is an exceptional opportunity to acquire a well-maintained, strategically located medical office building in a thriving community. The property is ready for immediate use, offering a seamless transition for any medical practice seeking a move-in ready space.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1999
Total area 2,508 SF
Lot 0.33 ac (14,375 SF)
APN 54-05-21-2-000-002.012
UPID US03-0363250
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. Brandy Adams Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Nick T Catranis · 2 yrs held
Nick T Catranis
since 2024
Last sale
$349,000
2 recorded transactions
2024
$435,000
2016
$349,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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