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Property profile & analytics
FOR LEASE
Commercial real estate

3150 Lorna Rd Hoover, AL 35216

6,008 SF 0.53 ac lot Built 1970
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US03-0686041
Property summary
AI-generated overview

Lorna Square, located at 3150 Lorna Rd in Hoover, Alabama, offers 7,130 square feet of newly renovated office space for lease. This Class C property features 16 available suites ranging from 391 to 5,315 square feet, with a minimum divisible space of 400 square feet and a maximum contiguous space of 3,065 square feet. The property is conveniently situated less than one mile from I-65, providing easy access via a traffic light. Ample parking is available both in front and behind the buildings, and signage opportunities exist. Lease rates begin at $11.00 per square foot, and flexible terms are available for both short and long-term leases. Full-service leases include power, water, and janitorial services, minimizing tenant hassle. The property boasts an attentive local ownership and management team. Its location near numerous restaurants and shopping centers adds to its appeal. Furthermore, there is no occupational tax, making this an excellent value proposition. Individual offices are available, along with a conference room. Floor plans and sizes are adaptable to various budgetary needs, and the property will accommodate division of larger spaces.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Total area 6,008 SF
Lot 0.53 ac (23,280 SF)
Zoning code C1
APN 39-00-12-1-011-004.000
UPID US03-0686041
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.00M
Owner & transaction history
Ansoco LLC · 4 yrs held
Ansoco LLC
since 2022
Last sale
$2.5M
4 recorded transactions
2022
$2.5M
2008
Price N/A
1995
$350,000
1969
Price N/A
Zoning & alternative use
C1 · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.6M +107.7%
Neighborhood: shopping center $1.6M +105.4%
Apartment house (5+ units) $1.2M +53.2%
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