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Property profile & analytics
FOR LEASE
Medical Office Space

1207 Azalea Pl Brewton, AL 36426

3,982 SF Built 1995
Entity Owned 11-yr Hold Free & Clear
Property ID
US03-2465420
Property summary
AI-generated overview

This exceptional 3,971 square foot medical office building presents a unique investment opportunity. Situated on a spacious 31,800 square foot lot, the property boasts a single-tenant occupancy, offering immediate income potential or the flexibility for redevelopment. Constructed in 1995, the building features wood frame construction with attractive brick veneer. The building's former use as a cancer radiation treatment facility speaks to its robust infrastructure and suitability for various medical or healthcare-related businesses. The entire 3,971 square feet is currently vacant, providing a blank canvas for a new tenant or a complete renovation. The property is zoned B-2, Local Business District, allowing for a range of potential uses. The asking rental rate is $19.00 per square foot, net-net. This one-story building offers convenient access and ample parking, making it an attractive option for both tenants and investors. The combination of its size, location, zoning, and former use makes this property an ideal acquisition for those seeking a strong foothold in the medical office market or a strategic redevelopment project. The property's solid construction and substantial lot size offer significant long-term value.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1995
Construction WOOD
Total area 3,982 SF
APN 15-04-20-1-013-005.001
UPID US03-2465420
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
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
Chct Alabama LLC · 11 yrs held
Chct Alabama LLC
since 2015
2 recorded transactions
2015
$1.2M
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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