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Riverchase Office/Retail Space Available
For Lease
$15.50 SF/Yr

3821 & 3829 Lorna Rd, Hoover, AL 35244

Office/retail space in Riverchase, close to amenities and highways.

Space SizeContact for details
Days on Market170

Property Features for 3821 & 3829 Lorna Rd

General Information

Standard status Active
Property subtype Office
Lease Term NN
Listing Agency:
Listed By: Matt Gilchrist, SIOR
Source: Grahamcompany
Added: Mar 6 Changed: Aug 14 Last Checked: Aug 22 at 4:04AM

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 Matt Gilchrist, SIOR

Investment Insights

Based on property information with market context.

This office and retail space is situated in the Riverchase area, south of Birmingham, within the city of Hoover, where there is no city occupational tax. The location provides convenient access to shopping, hotels, banks, restaurants, and residential areas, with close proximity to the Riverchase Galleria. Transportation is facilitated by easy access to I-459, U.S. Highway 31, and I-65. Ample parking is available. The lease rate is net of electric and janitorial services.

Key Highlights

  • Excellent Riverchase location, south of Birmingham.
  • Easy access to I‑459, U.S. Highway 31 and I‑65.
  • Close proximity to Riverchase Galleria, shopping, hotels, banks, restaurants, and residential areas.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Grocery & Convenience Store Electrical Service Carpet & Flooring Store Garden Center Florist Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.32 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,614
Businesses Nearby

Demographics for 35244, AL

37,448
Population
15,189
Households
2.5
Avg Household Size
39
Median Age
60%
College-Educated
97%
High-School Grad
23.9 sq mi
ZIP Area
1,567
Density / Sq Mi
$114,172
Median Household Income
$61,660
Median Earnings
$1,413
Median Rent
$390,900
Median Home Value

Market

Lease Benchmarks for Hoover, AL

$18.36 /SF/Yr
Avg Asking Price
$11–$21.75 /SF/Yr
Price Range
35,842 SF
Avg Space Size

This space is priced 16% below the average of $18.36 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office/retail space in Riverchase, close to amenities and highways.
Where is this office units located?
The property is located at 3821 & 3829 Lorna Rd Hoover, AL.
What is the lease rate?
The lease rate is $15.50 SF/Yr.
What are key features of this property?
This property features: Excellent Riverchase location, south of Birmingham.; Easy access to I‑459, U.S. Highway 31 and I‑65.; Close proximity to Riverchase Galleria, shopping, hotels, banks, restaurants, and residential areas.
More about this property
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