Well-Built Hoover Office
3585 Lorna Ridge Dr Vestavia Hills, AL
3585 Lorna Ridge Dr, Vestavia Hills, AL, 00000
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For Sale
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Two-story office building with 5,052 SF in Vestavia Hills.
Property Size5,052 SF
Lot Size0.41 Acres
Price / SF$135.59
Days on Market532
Property Features for 3585 Lorna Ridge Dr
General Information
- Standard status
- Active
- Size
- 5,052 SF
- Lot size
- 0.41 Acres
- Property subtype
- OFFICE
Listing Agency
Ironvest Partners
(229) 938-7276
Listed by
Kyle Crew · License #000126655
Source
Moodyscre
Added: Feb 4, 2025 Updated: Jul 6 at 10:37 am Checked: Jul 19 at 5:28 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 Ironvest Partners
Investment Insights
Based on property information with market context.
This well-built, two-story brick office building is located in Hoover. It offers 5,052 square feet of usable space. The building features 10 offices and a common area on each floor, along with 2 conference rooms. This property is suitable for a variety of professional office users.
Key Highlights
- Well‑built brick office building
- Located in the heart of Hoover
- 5,052 SF of usable space
Local 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 | $90.9k | $18.00 |
| − Vacancy | −$20.0k | −$3.96 |
| EGI | $70.9k | $14.04 |
| − OpEx | −$17.7k | −$3.51 |
| NOI | $53.2k | $10.53 |
5,052 SF · lease $18.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$760.0K
$665.0K – $886.6K
NOI $53,198 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $83,006 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story office building with 5,052 SF in Vestavia Hills.
Where is this office building located?
The property is located at 3585 Lorna Ridge Dr Vestavia Hills, AL.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Well‑built brick office building; Located in the heart of Hoover; 5,052 SF of usable space
