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Financial
Distress signals
Property profile

122 7Th Ave NE Alabaster, AL 35007

FOR SALE
Medical Office Space
Property ID
US03-0824564
10,706 SF 0.67 ac lot Built 1980
Last sale Jun 2017 · $925,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value$222k
Effective rate5.40%

Value estimate

· Oct 2026
$1.01M
$909k – $1.11M
Submarket $/SF estimate$1.35M
NOI build-up
Gross scheduled income$254k
Vacancy & credit loss−$27k
Operating expenses−$91k
NOI · 8.01% cap applied$136k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$183/SF
County average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$126 – $250
Qualifying comparables3

Cap rate analysis

How does the asset earn?
8.01%
$136k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSHELBY

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply17.5
Wholesale Shop15.9
Hotel & Motel11.9

Location

122 7Th Ave NE Alabaster, AL 35007
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
219 1st N, Alabaster, AL 35007-8767 $1,100,000 Jul 2023 3,920 SF
644 2nd NE, Alabaster, AL 35007-8824 $4,000,000 Jan 2023 22,750 SF
9149 Hwy 119, Alabaster, AL 35007-5342 $4,745,763 Aug 2022 7,000 SF
224 1st N, Alabaster, AL 35007-8742 $2,850,000 Dec 2021 19,854 SF
10090 Hwy 119, Alabaster, AL 35007-8847 $140,000 Dec 2019 4,598 SF
1228 1st N, Alabaster, AL 35007-8702 $1,500,000 May 2019 5,982 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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