Retail Property in High-Traffic
3041 Lorna Road Hoover, AL 35216
3041 Lorna Road, Hoover, AL, 35216
$650,000
For Sale
$650,000
Retail property for sale in Hoover, leased through 2027.
Property Size2,461 SF
Price / SF$264.12
Days on Market310
Property Features for 3041 Lorna Road
General Information
- Standard status
- Active
- Size
- 2,461 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2015
Listing Agency
Keller Williams Realty Hoover
(205) 965-6483
Listed by
Christina James · License #83551-1
(205) 965-6483
Source
Exitrealty
Added: Sep 10, 2025 Checked: Jul 16 at 7:23 am
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 Keller Williams Realty Hoover
Investment Insights
Based on property information with market context.
This retail property is located in Hoover, benefiting from a high traffic count. The building is currently occupied, with lease terms extending through July 30, 2027. The property offers 2461 square feet of space. Note that this property is for cash buyers only.
Key Highlights
- Prime location in Hoover.
- High traffic count offers excellent visibility.
- Building is currently occupied.
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 | $51.1k | $20.76 |
| − Vacancy | −$2.0k | −$0.81 |
| EGI | $49.1k | $19.95 |
| − OpEx | −$14.7k | −$5.99 |
| NOI | $34.4k | $13.97 |
2,461 SF · lease $20.76/SF/yr · vacancy 3.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$491.0K
$429.6K – $572.8K
NOI $34,368 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$846.6K
$740.8K – $987.7K
NOI $59,264 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail property for sale in Hoover, leased through 2027.
Where is this retail space located?
The property is located at 3041 Lorna Road Hoover, AL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime location in Hoover.; High traffic count offers excellent visibility.; Building is currently occupied.
