224 1St St Alabaster, AL 35007
- Medical offices
- 19,854 SF
- 1.40 lot acres
Current Use by Public Records
- Melissa Hull, Realtor, Keller Williams Metro South / Real Estate Agency
- Lesley Hutchison Keller Williams Realty Metro South / Real Estate Agent
- Dale Bolena Realtor Keller Williams Realty Metro South / Real Estate Agent
- Alabama Physical Therapy / Physical Therapist
- HHENRY Realty at Keller Williams Metro South / Real Estate Agency
Property Details for 224 1St St
- Year built
- 2001
- Construction
- WOOD
- Lot size
- 1.40 lot acres
- Property size
- 19,854 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 137354001020000
- APU
- 137354001020000
Description
This exceptional two-story, Class A medical office building, totaling 19,854 square feet, is situated on 1.4 acres in Alabaster, Alabama's thriving Medical Mile. Built in 2001, the property boasts 110 parking spaces and offers multiple suites for lease, with one immediately available space of 1,929 square feet. The minimum divisible space is also 1,929 square feet, making it ideal for a variety of medical or traditional office uses. The building features a total of five suites. This prime location within Shelby County benefits from its proximity to major transportation routes, ensuring convenient access for patients and employees. The Medical Mile is experiencing significant commercial growth, attracting a diverse range of businesses and healthcare facilities, creating a vibrant and dynamic environment. This presents a unique opportunity to establish a presence in a rapidly expanding commercial corridor known for its concentration of healthcare providers and related businesses. The property's strategic location and modern amenities make it an attractive option for businesses seeking a high-quality space in a thriving medical hub. The building's Class A designation reflects its superior construction, design, and amenities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,970,000
- 6.5%
- $2,855,000
- 7%
- $2,690,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,120,000
- Geo Method
- $3,275,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,610,000
- Retail
- $2,655,000
- Mixed-Use
- $2,430,000
- Hospitality
- $2,965,000
- Educational
- $3,110,000
- Residential Income
- $2,980,000
- Energy
- $2,415,000
- Income-Based Land
- $3,325,000
- Food Service
- $3,025,000
Location Insight
- Map
- Local Demand
- City
- Alabaster
- County
- Shelby
- State
- Alabama
- Longitude
- -86.8151
- Latitude
- 33.2458
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
