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Property profile & analytics
OFF-MARKET Estimated value $1,240,000
Medical Office Space

250 State Farm Pkwy Birmingham, AL 35209-7181

11,400 SF 1.84 ac lot Built 1999
Entity Owned 6-yr Hold Free & Clear
Property ID
US03-0592300
Property summary
AI-generated overview

This exceptional 10,000 square foot medical office building is available for lease at 250 State Farm Parkway in Homewood, Alabama. Located in Jefferson County, this single-tenant property offers a prime opportunity for medical practices seeking a spacious and well-situated location. The entire building is currently vacant, presenting a blank canvas for a new tenant to customize the space to their exact specifications. The property is classified as both retail and office space, offering flexibility in its potential uses within the medical field. The address is 250 State Farm Pkwy, Birmingham, AL 35209. Its convenient location provides easy access for patients and staff alike. The building's substantial size allows for a wide range of medical services to be accommodated, from individual practices to larger multi-specialty clinics. This is a rare opportunity to secure a significant footprint in a desirable area with high visibility and accessibility. The property is ready for immediate occupancy, allowing for a swift and efficient transition for the incoming tenant. Interested parties are encouraged to inquire promptly to secure this exceptional medical office space. The property is situated at latitude 33.448674 and longitude -86.8252611.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1999
Total area 11,400 SF
Lot 1.84 ac (80,281 SF)
Zoning code PUD
APN 29-00-26-2-000-018.002
UPID US03-0592300
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
  • Kristin Madonia Ophthalmologist
  • Hartley E. Nichols, OD Physician
  • Paul Batson, O.D. Physician
  • Kreutzer Tina L OD Physician
  • Dr. Robert E. Morris, MD Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.65M
Blend (final) Blend
$1.24M
Owner & transaction history
F & B Group LLC · 6 yrs held
F & B Group LLC
since 2019
4 recorded transactions
2019
$2.6M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
PUD · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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