Office Building with On-Site
For Sale
Contact for pricing
31 Inverness Center Pkwy, Hoover, AL 35242
For-sale office building offering the convenience of on-site property management for smoother day-to-day operations.
Property Size99,060 SF
Days on Market146
Property Features for 31 Inverness Center Pkwy
General Information
Standard status
Active
Size
99,060 SF
Class
A
Property subtype
Office
Lease Term
Full Service
Building Details
Building Size
99,060 SF
Properties For Sale
at 31 Inverness Center Pkwy Contact usSuite 100
Size
1,601 SF
Type
Office Building
Term
Negotiable
Suite 325
Size
1,738 SF
Type
Office Building
Term
Negotiable
Suite 410
Size
1,331 SF
Type
Office Building
Term
Negotiable
Suite 525
Size
2,839 SF
Type
Office Building
Term
Negotiable
Listed By:
Brad Jones, CCIM · License #AL 000079828-0
(205) 314-5520
Source:
Egsinc
Added: Jun 2
Changed: Oct 14
Last Checked: Oct 24 at 3:00PM
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 Brad Jones, CCIM
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Investment Insights
Based on property information with market context.
This for-sale office building is supported by on-site property management, offering an operational advantage for tenants and future owners who value responsive, hands-on building oversight. The property is positioned to serve a range of office users looking for a managed work environment rather than a hands-off approach.
The building is located at 31 Inverness Center Pkwy in Hoover, Alabama. Its setting along a dedicated commercial parkway supports straightforward access for business visitors and everyday operations.
With property management already in place, this asset is a practical fit for buyers seeking an office property with established operational support, as well as tenants who prefer clear building administration. Depending on the office use and suite needs, it may also work well for organizations looking for a managed office base in a commercial corridor setting.
The building is located at 31 Inverness Center Pkwy in Hoover, Alabama. Its setting along a dedicated commercial parkway supports straightforward access for business visitors and everyday operations.
With property management already in place, this asset is a practical fit for buyers seeking an office property with established operational support, as well as tenants who prefer clear building administration. Depending on the office use and suite needs, it may also work well for organizations looking for a managed office base in a commercial corridor setting.
Key Highlights
- On‑site property management on the premises
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,745,689
Suggested Prices Based on Cap Rates
Cap Rate 5%
$34,913,780
$34.9M
Cap Rate 7%
$24,938,414
$24.9M
Cap Rate 9%
$19,396,544
$19.4M
Market Conditions
NOI Build-Up for 99,060 SF
Gross rent
$2.63M $26.52/SF
− Vacancy
−$299.5K −$3.02/SF
EGI
$2.33M $23.50/SF
− OpEx
−$581.9K −$5.87/SF
NOI
$1.75M $17.62/SF
Area
Jefferson County, AL
Vacancy
11.40%
Lease Rate
$26.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$34,913,780
Cap Rate 7%
$24,938,414
Cap Rate 9%
$19,396,544
Alternative Uses
Best Use
Office B
$24.94M
$21.82M – $29.09M
NOI $1,745,689 @ 7.0% cap · market cap 7,758,617.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$34.08M
$29.82M – $39.76M
NOI $2,385,504 @ 7.0% cap · market cap 10,602,240.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
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Business Placement
Demographics for 35242, AL
57,008
Population
25,247
Households
2.3
Avg Household Size
42
Median Age
65%
College-Educated
97%
High-School Grad
52.4 sq mi
ZIP Area
1,088
Density / Sq Mi
$116,053
Median Household Income
$59,731
Median Earnings
$1,430
Median Rent
$452,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - For-sale office building offering the convenience of on-site property management for smoother day-to-day operations.
Where is this office building located?
The property is located at 31 Inverness Center Pkwy Hoover, AL.
What are key features of this property?
This property features: On‑site property management on the premises
