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    1615 Montgomery Hwy Hoover, AL 35216

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    For Lease
    Contact for pricing

    Retail space with national tenants and high traffic volume.

    Property size:
    16,604 SF
    Lot size:
    10.94 Acres

    Property Features for 1615 Montgomery Hwy

    General Information

    Size
    16,604 SF
    Lot size
    10.94 Acres

    Source: Colliers | Birmingham Agent Wade Robinett

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Hoover, Alabama

    This retail space is part of a shopping center with a mix of national tenants, including Party City, Walgreens, Dollar Tree, and Burlington. The location benefits from high traffic counts, with over 36,000 vehicles per day on US Highway 31. The surrounding area has a three-mile population of approximately 60,312 residents and an average household income of $80,671. The property includes 905 surface parking spaces, providing a parking ratio of 4.63 spaces per 1,000 square feet. The property is located in Hoover, Alabama.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    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.

    Similar Places Nearby

    The Village on Lorna Shopping Center, Hoover Place, Hoover Commons, Central Alabama, Patton Chapel Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Hoover
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8049182
    Latitude
    33.3984037

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    FAQs

    What type of property is this?
    Shopping center - Retail space with national tenants and high traffic volume.
    Where is this shopping center located?
    The property is located at 1615 Montgomery Hwy Hoover, AL.
    What are key features of this property?
    This property features: - Array of national tenants including Party City, Walgreens, Dollar Tree, and Burlington; - High traffic counts: **36,000 +VPD on US Highway 31**; - Three-mile population of +/-60,312
    (205) 445-0955
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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
    1615 Montgomery Hwy Hoover, AL 35216
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