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    Property profile & analytics
    OFF-MARKET Estimated value $3,025,000
    Medical Office Space

    224 1st N St, Alabaster, AL 35007-8742

    19,854 SF 1.4 ac lot Built 2001
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US03-1299743
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2001
    Construction WOOD
    Total area 19,854 SF
    Lot 1.4 ac (60,984 SF)
    APN 137354001020000
    UPID US03-1299743
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · 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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $4.14M
    Comparable Approach Comparable
    $3.08M
    Blend (final) Blend
    $3.03M
    Owner & transaction history
    Wilkerson Enterprises LLC · 4 yrs held
    Wilkerson Enterprises LLC
    since 2021
    Last sale
    $2.9M
    7 recorded transactions
    2021
    $2.9M
    2014
    $1.6M
    2012
    2008
    2006
    2006
    2006
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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