Centrally Located Hoover Office
For Sale
Contact for pricing
3100 Lorna Rd, Hoover, AL 35216
Three-story office building with convenient access and modern amenities.
Property Size33,240 SF
Days on Market194
Property Features for 3100 Lorna Rd
General Information
Standard status
Active
Size
33,240 SF
Class
B
Property subtype
Office
Lease Term
Full Service
Building Details
Building Size
33,240 SF
Year Built
1973
Properties For Sale
at 3100 Lorna Rd Contact usSuite 300
Size
1,120 SF
Type
Office Building
Term
36 Months
Suite 301
Size
1,160 SF
Type
Office Building
Term
36 Months
Suite 314
Size
199 SF
Type
Office Building
Term
36 Months
Suite 101-102
Size
3,083 SF
Type
Office Building
Term
Negotiable
Suite 104
Size
1,307 SF
Term
Negotiable
Suite 304
Size
2,084 SF
Type
Office Building
Term
Negotiable
Show more
Listed By:
Michael Romano
(205) 222-1909
Source:
Chasecommercial
Added: Apr 8
Changed: Oct 4
Last Checked: Oct 16 at 7:08AM
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 Michael Romano
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Barbizon Building is a three-story building located in the heart of Hoover with direct access off Highway 31. It is centrally located between I-459 and I-65, and minutes from Vestavia Hills, Homewood and Pelham. The building offers shared conference room and breakroom facilities. Ground level access is available to both the first and second floors. Elevator access is provided on the north and south sides of the building, accessing all three floors. High-speed internet access is available. Onsite property management is provided. The building has been newly remodeled with new entrances, additional landscaping, and lobby and common area upgrades. It offers convenient access to Hoover business, Vestavia, and Mountain Brook, and is minutes from Riverchase Galleria.
Key Highlights
- Prime Location: Centrally located in Hoover with direct access off Highway 31 and proximity to I‑459 and I‑65.
- Convenient Access: Ground level access to first and second floors, plus elevator access to all three floors.
- Shared Amenities: Includes shared conference room and breakroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$585,773
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,715,460
$11.7M
Cap Rate 7%
$8,368,186
$8.4M
Cap Rate 9%
$6,508,589
$6.5M
Market Conditions
NOI Build-Up for 33,240 SF
Gross rent
$881.5K $26.52/SF
− Vacancy
−$100.5K −$3.02/SF
EGI
$781.0K $23.50/SF
− OpEx
−$195.3K −$5.87/SF
NOI
$585.8K $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%
$11,715,460
Cap Rate 7%
$8,368,186
Cap Rate 9%
$6,508,589
Alternative Uses
Best Use
Office B
$8.37M
$7.32M – $9.76M
NOI $585,773 @ 7.0% cap · market cap 3,841,134.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.44M
$10.01M – $13.34M
NOI $800,466 @ 7.0% cap · market cap 5,248,957.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,252
Businesses Nearby
Explore this area
Business Placement
Demographics for 35216, AL
36,673
Population
16,333
Households
2.2
Avg Household Size
35
Median Age
53%
College-Educated
94%
High-School Grad
13.0 sq mi
ZIP Area
2,821
Density / Sq Mi
$73,125
Median Household Income
$42,767
Median Earnings
$1,314
Median Rent
$376,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Three-story office building with convenient access and modern amenities.
Where is this office building located?
The property is located at 3100 Lorna Rd Hoover, AL.
What are key features of this property?
This property features: Prime Location: Centrally located in Hoover with direct access off Highway 31 and proximity to I‑459 and I‑65.; Convenient Access: Ground level access to first and second floors, plus elevator access to all three floors.; Shared Amenities: Includes shared conference room and breakroom.
