Technical
Financial
Distress signals
Property profile

1014 S Forest Ave Luverne, AL 36049

FOR SALE
Medical Office Space
Property ID
US03-2472687
5,616 SF 0.78 ac lot Built 2018
Entity Owned Absentee Owner Free & Clear
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1014 S Forest Ave, Luverne, AL 36049 For Sale
$230,000 5,616 SF
1014 S Forest Ave, Luverne, AL 36049
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Property summary

AI-generated overview

This exceptional 5,600 square foot medical office building is situated on a 0.83-acre lot in Luverne, Alabama, at 1014 S. Forest Avenue. Currently configured as a state-of-the-art dialysis facility, this property boasts excellent condition and a highly visible location on a major roadway near the downtown area. The building is zoned B-3, offering flexibility for various medical or potentially other uses. Ample on-site parking is available for patients and staff. The property is offered at $1,495,000 and possession is available at closing. This presents a unique opportunity to acquire a well-maintained, strategically located medical facility in a thriving community. The property's size and zoning provide considerable adaptability for a range of healthcare or other suitable businesses. Its prime location ensures high visibility and convenient access for clients. All interested parties are encouraged to explore the potential this exceptional property offers. The property is located in Crenshaw County, Alabama, zip code 36049.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2018
Total area 5,616 SF
Lot 0.78 ac (34,000 SF)
APN 24 15 02 04 2 000 016.000
UPID US03-2472687

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician Medical Clinic

Location

1014 S Forest Ave Luverne, AL 36049
Luverne metro Census 963600
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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