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Property profile & analytics
FOR LEASE
Medical Office Space

122 7Th Ave NE Alabaster, AL 35007

10,706 SF 0.67 ac lot Built 1980
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US03-0824564
Property summary
AI-generated overview

This exceptional two-story medical office building, totaling 10,706 square feet, presents a fantastic opportunity for medical professionals seeking a prime location in Alabaster. The building, renovated in 2017, features a single building with abundant parking (64 spaces), including convenient curbside parking. The property is zoned B-3 and offers elevator access for easy navigation between floors. Currently, there are two available suites ranging from 1,510 to 2,380 square feet minimum divisible space. Each suite boasts a complete medical build-out, including a waiting room, exam rooms, a lab, an X-ray room, private offices, and a break area. The corner unit location provides ample natural light through numerous windows. This building enjoys an unparalleled location directly across the street from Baptist Shelby Medical Center, ensuring high visibility and convenient access for patients. The surrounding area is experiencing significant growth, with new restaurants and shopping options nearby. The property's safe and easily accessible location at a traffic signal, combined with its ample parking and excellent amenities, makes it an ideal setting for a doctor, specialist, or other medical professional. The building is locally owned and managed, ensuring responsive and attentive property management.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1980
Construction WOOD
Total area 10,706 SF
Lot 0.67 ac (29,229 SF)
APN 137354001002001
UPID US03-0824564
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
  • Alabaster Aesthetic Dentistry-Dr. Thomas Dudney and Dr. Luis Abrahante Dental Office
  • Baugh Temple Dental Office
  • SouthernCare New Beacon - Alabaster Nursing Home
  • Penfield Orthodontics Dental Office
  • Penfield Orthodontics: Penfield Richard B DMD Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.35M
Blend (final) Blend
$1.35M
Owner & transaction history
Anso Happy LLC · 9 yrs held
Anso Happy LLC
since 2017
3 recorded transactions
2017
$925,000
2012
$530,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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