224 1st N St Alabaster, AL 35007-8742
Property profile & analytics
224 1st N St Alabaster, AL 35007-8742
- Medical Office Space
- 19,854 SF
- 1.40 lot acres
Property ID
US03-1299743
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Melissa Hull, Realtor, Keller Williams Metro South / Real Estate Agency
- Lesley Hutchison Keller Williams Realty Metro South / Real Estate Agency
- Dale Bolena Realtor Keller Williams Realty Metro South / Real Estate Agency
- Alabama Physical Therapy / Physician
- HHENRY Realty at Keller Williams Metro South / Real Estate Agency
Property Details for 224 1st N St
- Year built
- 2001
- Construction
- WOOD
- Lot size
- 1.40 lot acres
- Property size
- 19,854 SF
- Property type
- Medical Office Space
- 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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,275,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,480,000
- 6.5%
- $4,135,000
- 7%
- $3,840,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,079,000
- AI Estimate
- $3,079,000
Market price range: $2.50M - $4.96MMarket price range: $2.50M - $4.96M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $3,630,000 Current use
- OFFICE BUILDING
- $2,920,000 Change: -20% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$32,729
$0.00
$0.00
$606,100
-
$608,320
$2,422,150
$3,030,470
