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120 Cahaba Valley Pkwy Pelham, AL 35124

Medical Office Space Google Maps
29,766 SF 5.02 ac lot Built 1995
Individually Owned 7-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$2.82M
Range $2.54M – $3.10M (±10%)
Property ID US03-1301240

Property summary

AI-generated overview

This exceptional 3,226-square-foot medical office space is available for lease on the second floor of a Class B building at 120 Cahaba Valley Pkwy, Pelham, AL 35124. Located in the Pelham submarket, this turnkey suite offers a prime location with ample natural light from its north-facing corner windows. The space boasts a well-designed layout including a reception and waiting area, multiple exam rooms equipped with hand sinks, a nurses' station, and three bathrooms. The building features a total of 28,508 square feet across two stories, with 150 parking spaces and one elevator for convenient access. Constructed in 1995, the building is well-maintained and situated in a thriving medical environment, sharing the building with established tenants such as Alabama Bone & Joint Clinic, Fresenius Kidney Care Dialysis Center, and Encore Rehabilitation. The minimum divisible space is 3,226 square feet, making it perfect for a variety of medical practices. The asking rent is $23 per square foot. This space is well-suited for practices such as dentistry, orthodontics, urology, behavioral health, neurology, rheumatology, physical therapy, chiropractic care, pain management, or internal medicine. It could also serve as a smaller satellite office for a larger practice seeking to expand its reach in the southern Birmingham metro area along I-65.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1995
Construction WOOD
Total area 29,766 SF
Lot 5.02 ac (218,671 SF)
APN 109314001002000
UPID US03-1301240

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
  • Physician
  • Medical Clinic
  • Physician
  • Pediatrician Physician
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.82M
Blend (final) Blend
$2.82M

Owner & transaction history

since 2018
7 recorded transactions
2020
Price N/A
2019
Price N/A
2018
$1.0M
2017
$10,000
2013
Price N/A
2012
Price N/A
2010
$2.0M

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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