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    3041 Lorna Rd Hoover, AL 35216

    Sponsored
    For Sale
    $650,000

    High-traffic location, occupied building, lease in place.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional commercial property, located at 3041 Lorna Road in Hoover, Alabama, presents a unique investment opportunity for cash buyers. Situated on a 0.75-acre lot, the building enjoys a prime location with high traffic counts, ensuring excellent visibility and accessibility for businesses. Currently occupied, the property offers immediate cash flow with a lease agreement extending until July 30, 2027. This provides a secure investment with a guaranteed income stream for the foreseeable future. The building's size is not specified, however, the high traffic count and existing lease suggest strong potential for continued occupancy and rental income beyond the current lease term. The property's strategic location in Hoover, a thriving city in Alabama, makes it an attractive proposition for investors seeking a stable and potentially appreciating asset. Given the "cash buyers only" stipulation, this presents a streamlined acquisition process for qualified investors. This is an excellent opportunity to acquire a well-situated commercial property with a proven track record and significant upside potential. Serious inquiries are encouraged.

    Property Features for 3041 Lorna Rd

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    32,670 SF

    Building Details

    Year Built
    2015
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hoover
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.80458
    Latitude
    33.40541

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    FAQs

    What type of property is this?
    Office Property / Space - High-traffic location, occupied building, lease in place.
    Where is this office property / space located?
    The property is located at 3041 Lorna Rd Hoover, AL.
    What is the asking price?
    The asking price for this property is $650,000.
    (205) 822-2272
    Request Owner's contact information
    3041 Lorna Rd Hoover, AL 35216
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    Hoover, AL 35216
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3041 Lorna Rd Hoover, AL 35216
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