Professional Office Building For
For Sale
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4 Riverchase Ridge, Hoover, AL 35244
9,962 SF office building on 1.07 acres in Hoover.
Property Size9,962 SF
Lot Size1.07 Acres
Price / SF$195.74
Days on Market163
Property Features for 4 Riverchase Ridge
General Information
Standard status
Active
Size
9,962 SF
Class
A
Total Parking Spaces
28
Lot size
1.07 Acres
Property subtype
Office
Net Operating Income
$152,609
Building Details
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Graham & Company Birmingham
(205) 871-7100
Listed By:
Sam Carroll · License #AL 000071878
Source:
Crexi
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 18 at 8:03PM
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 Graham & Company Birmingham
Investment Insights
Based on property information with market context.
This 9,962 square foot professional office building is situated on a 1.07-acre lot and includes 28 parking spaces. The building features large private offices, a board room, a break room, open work areas, and a fitness room. Premium finishes are present throughout the building. Located off Riverchase Parkway East, the property offers excellent access to US Hwy. 31 and I-65, as well as proximity to Blue Cross/Blue Shield of AL and the City of Hoover's Riverwalk Village Health & Wellness Center. The property is located in the City of Hoover, Shelby County, which has no occupational tax. An existing tenant can remain in place through July 2029, generating a current net operating income of $152,609.
Key Highlights
- Existing tenant in place through July 2029 with a current NOI of $152,609
- 9,962 SF professional office building on 1.07 acres
- Located off Riverchase Parkway East with excellent access to US Hwy. 31 & I‑65
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$175,556
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,511,120
$3.5M
Cap Rate 7%
$2,507,943
$2.5M
Cap Rate 9%
$1,950,622
$2.0M
Market Conditions
NOI Build-Up for 9,962 SF
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.
Gross rent
$264.2K $26.52/SF
− Vacancy
−$30.1K −$3.02/SF
EGI
$234.1K $23.50/SF
− OpEx
−$58.5K −$5.87/SF
NOI
$175.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,511,120
Cap Rate 7%
$2,507,943
Cap Rate 9%
$1,950,622
Alternative Uses
Best Use
Office B
$2.51M
$2.19M – $2.93M
NOI $175,556 @ 7.0% cap · market cap 9.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.43M
$3.00M – $4.00M
NOI $239,899 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
Explore this area
Business Placement
Demographics for 35244, AL
37,448
Population
15,189
Households
2.5
Avg Household Size
39
Median Age
60%
College-Educated
97%
High-School Grad
23.9 sq mi
ZIP Area
1,567
Density / Sq Mi
$114,172
Median Household Income
$61,660
Median Earnings
$1,413
Median Rent
$390,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 9,962 SF office building on 1.07 acres in Hoover.
Where is this office building located?
The property is located at 4 Riverchase Ridge Hoover, AL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Existing tenant in place through July 2029 with a current NOI of $152,609; 9,962 SF professional office building on 1.07 acres; Located off Riverchase Parkway East with excellent access to US Hwy. 31 & I‑65
