Highly Visible Retail
110 Pkwy E Dr Hoover, AL 35244
110 Pkwy E Dr, Hoover, AL, 35244
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For Sale
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Retail property with prominent visibility near I-65 Exit 247 and Valleydale Road.
Property Size3,420 SF
Price / SF$438.60
Days on Market129
Property Features for 110 Pkwy E Dr
General Information
- Standard status
- Active
- Size
- 3,420 SF
- Property subtype
- Retail
Listing agency
HSC Commercial Properties
Listed by
Wes Cline · License #AL 000003072
Source
Crexi
Added: Mar 16 Updated: Jul 22 at 11:35AM Checked: Jul 22 at 11:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HSC Commercial Properties
Investment Insights
Based on property information with market context.
This for-sale retail property at 110 Pkwy E Dr in Hoover, AL is positioned for strong drive-by exposure. The public remarks highlight its highly visible location off Valleydale Road, just off I-65 and Exit 247.
The site’s access point near a major interstate exit is well suited for retail users looking to benefit from convenient regional connectivity. Additional property details beyond the described location are not provided in the available information.
The site’s access point near a major interstate exit is well suited for retail users looking to benefit from convenient regional connectivity. Additional property details beyond the described location are not provided in the available information.
Key Highlights
- Retail property with prominent visibility off Valleydale Road, just off I‑65
- Convenient access to I‑65 via Exit 247
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.0k | $20.76 |
| − Vacancy | −$2.8k | −$0.81 |
| EGI | $68.2k | $19.95 |
| − OpEx | −$20.5k | −$5.99 |
| NOI | $47.8k | $13.97 |
3,420 SF · lease $20.76/SF/yr · vacancy 3.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$682.3K
$597.0K – $796.0K
NOI $47,761 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,358 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail property with prominent visibility near I-65 Exit 247 and Valleydale Road.
Where is this retail space located?
The property is located at 110 Pkwy E Dr Hoover, AL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Retail property with prominent visibility off Valleydale Road, just off I‑65; Convenient access to I‑65 via Exit 247
