Freestanding Flex Office
For Sale
Contact for pricing
1945 Patton Chapel Rd, Hoover, AL 35226
Freestanding flex-office building with commercial office and warehouse space plus about one acre of developable land.
Property Size4,443 SF
Price / SF$269.86
Days on Market543
Property Features for 1945 Patton Chapel Rd
General Information
Standard status
Active
Size
4,443 SF
Property subtype
OFFICE
Building Details
Buildings
1
Building Size
4,443 SF
Listing Agency:
Ironvest Partners
(229) 938-7276
Listed By:
Kyle Crew · License #000126655
Source:
Moodyscre
Added: Feb 4, 2025
Changed: Jul 29
Last Checked: Jul 31 at 1:42PM
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 Ironvest Partners
Investment Insights
Based on property information with market context.
This freestanding flex-office building offers a combined commercial office and warehouse space totaling 4,443 SF. The property is set up to serve mixed work and storage needs under one roof.
The offering also includes approximately one acre of additional developable commercial land that can be subdivided, providing flexibility for future site expansion or development.
The building and land are being offered together for sale in Hoover, Alabama.
The offering also includes approximately one acre of additional developable commercial land that can be subdivided, providing flexibility for future site expansion or development.
The building and land are being offered together for sale in Hoover, Alabama.
Key Highlights
- Freestanding flex‑office building for sale in Hoover, Alabama
- Includes 4,443 SF of commercial office and warehouse space
- Additional ±1‑acre of developable commercial land that can be subdivided
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 | $117.8k | $26.52 |
| − Vacancy | −$13.4k | −$3.02 |
| EGI | $104.4k | $23.50 |
| − OpEx | −$26.1k | −$5.87 |
| NOI | $78.3k | $17.62 |
4,443 SF · lease $26.52/SF/yr · vacancy 11.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.12M
$978.7K – $1.30M
NOI $78,297 @ 7.0% cap · market cap 6.53%
Second Best
Warehouse
$709.3K
$620.6K – $827.5K
NOI $49,648 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,994 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35226, AL
38,471
Population
14,904
Households
2.6
Avg Household Size
39
Median Age
69%
College-Educated
97%
High-School Grad
17.7 sq mi
ZIP Area
2,174
Density / Sq Mi
$126,053
Median Household Income
$65,454
Median Earnings
$1,467
Median Rent
$387,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- L'Chris Catering & Company, LLC — 3439 Lorna Ln, Hoover, AL 35216
- Jones'N Catering Company LLC — 3439 Lorna Ln, Birmingham, AL 35216
- Wazo Catering — 3439 Lorna Ln, Hoover, AL 35216
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding flex-office building with commercial office and warehouse space plus about one acre of developable land.
Where is this flex space located?
The property is located at 1945 Patton Chapel Rd Hoover, AL.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Freestanding flex‑office building for sale in Hoover, Alabama; Includes 4,443 SF of commercial office and warehouse space; Additional ±1‑acre of developable commercial land that can be subdivided
