1022 1St StAlabaster, AL 35007

Property Details for 1022 1St St

Year built

1998

Lot size

4.52 AC

Property size (Sq ft)

20,284 SF

Property type

Office properties

Property subtype

Office buildings

APN

137362001048000

APU

137362001048000

Description

This exceptional five-story, 97,038 square foot Class A medical office building, known as Shelby II Medical Plaza, presents a unique investment opportunity. Tenants can lease spaces ranging from a minimum of 1,887 square feet to a maximum contiguous space of 6,000 square feet, making it ideal for a variety of medical practices. The building boasts ample parking, providing convenient access for patients and staff. Its strategic location offers direct access to Route 119, ensuring high visibility and easy accessibility. Shelby II Medical Plaza benefits from its proximity to Shelby Baptist Medical Center, a 252-bed facility with one of the state's busiest emergency departments, handling over 51,000 visits annually. This strong medical presence creates a high-traffic environment, ideal for medical professionals. The building is anchored by Heart South Cardiovascular Group and also houses other reputable medical practices, including Pulmonary Medicine Associates and Greenville Pediatrics/Children's Hospital of Alabama. The property is professionally managed and leased, ensuring efficient operations and a stable tenant base. This prime location in Shelby County offers a compelling opportunity for medical professionals seeking high-quality, well-situated office space. The building's multiple tenancy structure allows for flexibility in lease terms and space requirements.

• CAP approach

  CAP return

  Valuation

  6%

  $4,290,154

  6.5%

  $3,960,142

  7%

  $3,677,275

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,304,060

  Geo Method

  $3,956,597

• Alternative Use

  Use

  Valuation

  Residential

  $4,910,577

  Hospitality

  $4,498,062

  Educational

  $3,742,335

  Medical

  $3,871,039

  Retail

  $5,821,410

Location Insight

City

Alabaster

County

Shelby

State

Alabama

Latitude

33.2555

Longitude

-86.813

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].