Property profile

122 7Th Ave NE Alabaster, AL 35007

FOR LEASE
Medical Office Space
Property ID
US03-0824564
10,706 SF 0.67 ac lot Built 1980
Entity Owned 9-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Nursing Home
  • Dental Office
  • Dental Office

Location

122 7Th Ave NE Alabaster, AL 35007
Alabaster metro Census 30319 BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.35M
Blend (final) Blend
$1.01M

Owner & transaction history

since 2017
3 recorded transactions
2017
$925,000
2012
$530,000
1969
Price N/A

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message