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Property profile & analytics
OFF-MARKET Estimated value $4,040,000
Medical Office Space

341 Greeno N Rd Fairhope, AL 36532-2979

34,370 SF 0.92 ac lot Built 2008
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US03-1561670
Property summary
AI-generated overview

This exceptional 3,045 square foot medical office suite is located on the second floor of the prestigious Gulf Orthopedic building in Fairhope, Baldwin County. The space is immediately available and boasts a highly desirable location, perfect for a variety of medical practices. The suite is fully equipped and ready for occupancy, featuring six exam rooms, four private offices, a dedicated lab room, a spacious waiting area, a staff kitchen and break room, and a reception area. The efficient layout is designed to optimize workflow and enhance patient care. The building offers convenient access and ample parking. This turnkey solution eliminates the need for extensive renovations, allowing for a quick and seamless transition for new tenants. The minimum divisible space is 3,045 square feet, and the maximum contiguous space available is also 3,045 square feet. The total building size is 32,000 square feet, indicating a well-established and thriving medical environment. Please note that there are restrictions on tenant types; chiropractic, orthopedic, and podiatry practices are not permitted. Pass-throughs are estimated at $6.64 per square foot. This is a rare opportunity to secure a well-appointed medical office suite in a prime Fairhope location. Inquire today to schedule a viewing.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2008
Total area 34,370 SF
Lot 0.92 ac (40,075 SF)
APN 46-04-17-1-000-001
UPID US03-1561670
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
  • Albert Jay Savage, IV, MD Medical Clinic Hospital
  • Joanne Baird, MD Medical Clinic Hospital
  • Bayside Orthopaedic Sports Medicine: Albertson Carl E MD Physician
  • Michael Clark, PT Physician
  • Gulf Orthopaedics | Fairhope Medical Clinic Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.63M
Blend (final) Blend
$4.04M
Owner & transaction history
Bones & Babies LLC · 19 yrs held
Bones & Babies LLC
since 2006
3 recorded transactions
2006
$1.2M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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