Medical Office Space For
3055 Lorna Road Hoover, AL 35216
3055 Lorna Road, Hoover, AL, 35216
$1,350,000
For Sale
$1,350,000
Located in Hoover near I-65 and Hwy. 31.
Property Size2,400 SF
Price / SF$562.50
Days on Market139
Property Features for 3055 Lorna Road
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Office
Listing agency
(205) 313-4378
Listed by
Christopher Thames, SIOR, CCIM, CPM
Source
Jhberry
Added: Mar 5 Updated: Jul 6 at 10:19AM Checked: Jul 22 at 5:28AM
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 Christopher Thames, SIOR, CCIM, CPM
Investment Insights
Based on property information with market context.
The property at 3055 Lorna Road is situated in Hoover, near the intersection of I-65 and Highway 31. The available space is 2,400 square feet and features two restrooms and two storage closets. Ample parking is available. The tenant mix includes medical professionals. The location provides convenient access to Highway 31, I-65, and I-459. It is suitable for medical office and general commercial use.
Key Highlights
- Easy access to Highway 31, I‑65 and I‑459
- Ample parking
- Located in Hoover near the intersection of I‑65 and Hwy. 31
Local Financial Insights For Office B
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 | $63.6k | $26.52 |
| − Vacancy | −$7.3k | −$3.02 |
| EGI | $56.4k | $23.50 |
| − OpEx | −$14.1k | −$5.87 |
| NOI | $42.3k | $17.62 |
2,400 SF · lease $26.52/SF/yr · vacancy 11.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$604.2K
$528.7K – $704.9K
NOI $42,294 @ 7.0% cap · market cap 3.13%
Second Best
Healthcare Medical
$581.8K
$509.1K – $678.8K
NOI $40,725 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$825.6K
$722.4K – $963.3K
NOI $57,795 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- Steel City Emergency Vets — 1900 Hoover Ct, Hoover, AL 35226
- UrgentVet — 1539 Montgomery Hwy Suite 109, Hoover, AL 35216
FAQs
What type of property is this?
Medical Office Space - Located in Hoover near I-65 and Hwy. 31.
Where is this medical office space located?
The property is located at 3055 Lorna Road Hoover, AL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Easy access to Highway 31, I‑65 and I‑459; Ample parking; Located in Hoover near the intersection of I‑65 and Hwy. 31
