This exceptional 6,500 square foot medical office building in Bessemer, Alabama, presents a compelling investment opportunity. Located on a 1.19-acre lot, the property boasts a prime location directly across from UAB Medical West, ensuring high visibility and accessibility. Built in 2020, the Class B building features a high-quality medical build-out, abundant parking, and easy access from AL-11 and I-20. Currently fully leased to high-quality tenants, including UAB Medical West Imaging and Birmingham Hematology, the property generates a gross annual income of $185,000 and a net operating income of $135,000, resulting in a current cap rate of 15.9%. Leases expire October 21, 2024. The single-story building is ideal for both owner-users and investors seeking a strong return in a thriving medical campus environment. The property's strategic location benefits from the proximity of UAB and the relocation of Birmingham Hematology, further enhancing its long-term value and potential. This is a rare opportunity to acquire a well-maintained, high-performing medical office building in a rapidly growing area. The property is zoned for medical use and offers significant potential for future growth and appreciation. The asking price is $595,000.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,535,099
6.5%
$1,417,014
7%
$1,315,799
Comparable approach
Method
Valuation
Relative Method
$1,182,256
Geo Method
$1,415,746
Alternative Use
Use
Valuation
Residential Income
$1,757,098
Hospitality / Lodging
$1,609,492
Institutional / Educational
$1,339,078
Healthcare / Senior Housing
$1,385,131
Retail / Commercial
$2,083,011
Location Insight
City
Bessemer
County
Jefferson
State
Alabama
Latitude
33.3738
Longitude
-86.9888
CBSA code
13820
CBSA name
BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
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Memorial Dr Bessemer, AL 35022
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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