1605 Hillcrest Rd Mobile, AL 36695
- Medical offices
- 5,409 SF
- 0.83 lot acres
Current Use by Public Records
- Dr. John R. Goodloe Jr, DMD / Orthodontist
- Rosalyn Salter DMD / Orthodontist
- Hillcrest Orthodontics, P.C. / Orthodontist / Dental Clinic
Property Details for 1605 Hillcrest Rd
- Year built
- 1997
- Lot size
- 0.83 lot acres
- Property size
- 5,409 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 28 08 33 2 000 003.002
- APU
- 2808332000003002
Description
This exceptional Class A medical office building, totaling 5,056 square feet, is situated on a prominent corner lot in West Mobile, Alabama, at 1605 Hillcrest Rd, zip code 36695. Built in 1997, this two-story building boasts a desirable location with high visibility and accessibility, featuring approximately 150 feet of frontage on Hillcrest Road and 240 feet on Pointe West Road. A full median cut on Hillcrest Road ensures easy ingress and egress. The property includes 45 parking spaces and benefits from a B3 - Community Business zoning designation, offering flexibility for various uses. The first floor encompasses approximately 4,261 square feet and comprises two exam rooms, a reception area, finance office, three doctors' offices, two treatment areas, wet and dry labs, an imaging room, darkroom, records room, sterilization room, two doctors' restrooms, two public restrooms, and a waiting room. The second floor, approximately 750 square feet, includes a conference room, break room, supply/file storage, and an additional restroom. The asking price is $1,095,000, translating to $216.57 per square foot. This well-maintained property enjoys high traffic counts on Hillcrest Road (24,538 vehicles daily in 2022) and proximity to numerous amenities including Winn-Dixie, Starbucks, McDonald's, CVS, and Waffle House. The APN is R022808332000003.002. The lot size is 36,187 square feet. This presents a unique opportunity for investors and medical professionals alike.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $800,000
- ML approach
- $830,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,225,000
- 6.5%
- $1,130,000
- 7%
- $1,050,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,069,000
Market price range: $657k - $1.44M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,045,000 Current use
- RETAIL STORES
- $1,110,000 Change: +6% Conversion: Difficult
- RESTAURANT
- $1,080,000 Change: +3% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.1901
- Latitude
- 30.6578
- CBSA code
- 33660
- CBSA name
- MOBILE, AL METROPOLITAN STATISTICAL AREA
