Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    509 Mineral Trace Hoover, AL 35244

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $15 SF/Yr

    6,000 SF office/warehouse for lease in Hoover.

    Type:Industrial
    Property size:
    6,000 SF
    Added:
    Mar 5, 2026
    Days on Market:
    27
    Last Refresh:
    Mar 25 at 9:20 pm

    Property Features for 509 Mineral Trace

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1989

    Spaces For Lease

    at 509 Mineral Trace Contact us

    We can help!

    Listing Contact
    Sonny Potter

    Listing agent Sonny Potter

    Listing office

    Listing date Mar 5, 2026

    Source Jhberry

    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 Sonny Potter

    Overview

    Hoover Office/Warehouse Space Available

    Approximately 6,000 square feet of office/warehouse space is available for lease in Hoover. Suite 300 offers a layout of approximately 3,000 square feet of office space and approximately 3,000 square feet of warehouse space. The office space has been newly finished. The property includes ample parking spaces. It features one drive-in door measuring 14 feet by 12 feet and one loading dock measuring 8 feet by 8 feet. The ceiling height ranges from 14 feet to 16 feet.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Corporate Caterers — 1485 Scout Ridge Dr, Hoover, AL 35244
    • Grand Slam Catering — 100 Ben Chapman Dr, Hoover, AL 35244
    • Clean Eatz — 1021 Brocks Gap Pkwy Suite 141, Hoover, AL 35244
    • Moe's Original BBQ — 1031 Brocks Gap Pkwy, Hoover, AL 35244

    Location Insight

    • Map
    • Local Demand
    City
    Hoover
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8526
    Latitude
    33.3355

    Nearby Similar for Lease

    • $32/mo

      Freestanding Former Bank Branch Sublease

      Freestanding +/- 4,500 SF former bank branch with drive-thru.
      5576 Grove Blvd, Hoover, AL 35226
      View Details
    • $12/mo

      Office Space in Prime Location

      Office space with conference rooms, convenient location, and updated HVAC.
      3585 Lorna Ridge Dr, Hoover, AL 35216
      View Details
    • $22/mo

      Class A Office Space

      Class A office space in mixed-use Riverchase Galleria complex.
      3000 RiverChase, Hoover, AL 35244
      View Details
    • $15/mo

      Riverchase Office/Retail Space Available

      Office/retail space in Riverchase, close to amenities and highways.
      3821 & 3829 Lorna Rd, Hoover, AL 35244
      View Details
    • $11/mo

      Hoover Flex Space For Rent

      Flex space with office, dock door, and convenient location.
      3433-3439 Lorna Ln, Hoover, AL 35216
      View Details
    • $19/mo

      Professional Office Space Available

      Flexible office suites in Hoover, Alabama, with modern conveniences.
      800 Concourse Parkway, Hoover, AL 35244
      View Details
    • $14/mo

      Office Space in Hoover

      Office suite available for lease in Hoover, Alabama.
      3525 Lorna Ridge Drive, Hoover, AL 35216
      View Details
    • $15/mo

      Lorna Road Retail Spaces

      Retail spaces available for lease on Lorna Road.
      3081 Lorna Road , Hoover, AL 35216
      View Details
    • $19/mo

      Office and Medical Suites Available

      Office and medical suites for lease with lake views.
      100 Concourse Parkway, Hoover, AL 35244
      View Details
    • Contact for pricing

      Former Bank in Hoover Outparcel

      4,367 SF former bank branch available for lease.
      5576 Grove Blvd, Hoover, AL 35226
      View Details
    • $21/mo

      Suburban Office Park For Rent

      Class A office space with excellent transportation access.
      2700 Corporate Dr, Hoover, AL 35242
      View Details
    • Contact for pricing

      Freestanding Retail with Drive Thru

      High-visibility retail space with drive-thru near I-65.
      485 Southland Dr, Hoover, AL 35226
      View Details

    FAQs

    What type of property is this?
    Flex space - 6,000 SF office/warehouse for lease in Hoover.
    Where is this flex space located?
    The property is located at 509 Mineral Trace Hoover, AL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: +/- 6,000 SF office/warehouse space in Hoover; Newly finished office space (+/- 3,000 SF); +/- 3,000 SF of warehouse space
    (205) 999-0923
    We can help!
    Listing Contact
    Sonny Potter
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!