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207 Fob James Dr - Valley MOB 8,900 SF Health Care Building Offered at $1,387,000 at a 7.60% Cap Rate in Valley, AL 36854
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
| Price | $1,387,000 | Lot Size | 2.00 AC |
| Price Per Bed | $346,750 | Building Size | 8,900 SF |
| Sale Type | Investment | No. Beds | 4 |
| Cap Rate | 7.60% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 2009 |
| Property Subtype | Assisted Living | Parking Ratio | 6.07/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Price | $1,387,000 |
| Price Per Bed | $346,750 |
| Sale Type | Investment |
| Cap Rate | 7.60% |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 8,900 SF |
| No. Beds | 4 |
| No. Stories | 1 |
| Year Built | 2009 |
| Parking Ratio | 6.07/1,000 SF |
| Opportunity Zone |
Yes |
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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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207 Fob James Dr - Valley MOB
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