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Valley MOB 207 Fob James Dr 8,900 SF 100% Leased Office Building Valley, AL 36854 $1,387,000 ($155.84/SF) 7.60% Cap Rate
Investment Highlights
- 100% occupied medical office building with four tenants
- Annual rent escalations across all four leases
- Modified gross lease structure with limited landlord responsibilities
- Diversified tenant mix across internal medicine and cardiology, home health, orthodontics, and after-school care
- Lease expirations staggered across 2028, 2029, and 2030
- Located along Fob James Drive near Interstate 85, Valley Medical Park, and East Alabama Medical Center – Lanier
Executive Summary
Northmarq is pleased to offer qualified investors the opportunity to acquire the fee simple interest in Valley MOB, a 100% occupied, multi-tenant medical office building located at 207 Fob James Drive in Valley, Alabama. The property consists of 2 acres improved with an 8,900-square-foot, single-story brick and metal building constructed in 1994 and expanded in 2009. The tenant roster includes Dr. Ivan L. Slavich III, Shelley Orthodontics, Enhabit Home Health, and A Step Above After School Care, providing a diversified mix of healthcare and community-service uses within one of eastern Alabama’s few purpose-built outpatient facilities.
All four leases are structured as modified gross with annual rent escalations. The weighted average lease term remaining is 2.83 years, and gross scheduled rent for fiscal year 2026 is $128,461, generating an in-place NOI of $105,460. The property is situated along Fob James Drive, approximately one mile south of Interstate 85, near Southern Union State Community College, Lakewood Senior Living, Valley Medical Park, and East Alabama Medical Center – Lanier, within a regional economy supported by nearby Kia Motors Manufacturing Georgia in West Point.
In Association With: Brian Lane - AL Lic. #000079670-0
All four leases are structured as modified gross with annual rent escalations. The weighted average lease term remaining is 2.83 years, and gross scheduled rent for fiscal year 2026 is $128,461, generating an in-place NOI of $105,460. The property is situated along Fob James Drive, approximately one mile south of Interstate 85, near Southern Union State Community College, Lakewood Senior Living, Valley Medical Park, and East Alabama Medical Center – Lanier, within a regional economy supported by nearby Kia Motors Manufacturing Georgia in West Point.
In Association With: Brian Lane - AL Lic. #000079670-0
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$128,761
|
$14.47
|
Financial Summary (Actual - 2025)
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $128,761 |
| Annual Per SF | $14.47 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
8,900 SF
Building Class
C
Year Built
2009
Price
$1,387,000
Price Per SF
$155.84
Cap Rate
7.60%
NOI
$105,412
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,900 SF
Building FAR
0.10
Lot Size
2.00 AC
Opportunity Zone
Yes
Parking
54 Spaces (6.07 Spaces per 1,000 SF Leased)
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 17-06-13-1-001-014.001 | Improvements Assessment | $201,888 |
| Land Assessment | $18,640 | Total Assessment | $220,528 |
Property Taxes
Parcel Number
17-06-13-1-001-014.001
Land Assessment
$18,640
Improvements Assessment
$201,888
Total Assessment
$220,528
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