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    400 Chase Park Hoover, AL 35244

    For Sale
    $3,000,000

    Prime Office Space, 58,370 SF, 240 Parking

    Property size:
    58,370 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional three-story executive office building, totaling 58,370 square feet, is situated on a 5.7-acre lot in the desirable Chase Park South office park in Hoover, Alabama. Built around 1982 with steel and masonry construction, the building offers immediate occupancy. Each of the three levels boasts convenient grade-level access, complemented by an elevator for efficient vertical transportation. Ample parking is provided with 240+ spaces available for tenants and visitors. The building is part of a five-building complex, enjoying a prime location off Riverchase Parkway, offering easy access to major thoroughfares including US Hwy. 31, I-65, and I-459. Its proximity to the Riverchase Galleria, Blue Cross Blue Shield, and the Hoover Health and Wellness Center at Riverwalk Village adds to its appeal. The asking price for this exceptional property is $3,000,000. This presents a unique opportunity to acquire a well-maintained, strategically located office building in a thriving suburban setting. The property's size, amenities, and location make it an ideal investment for businesses seeking a prestigious and convenient office space in the heart of Hoover, Alabama. The zip code is 35244.

    Property Features for 400 Chase Park

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    58,370 SF
    Lot Size
    248,292 SF

    Building Details

    Stories
    3

    HighLights

    • Three‑story building with grade‑level access to each floor.
    • Immediately available for lease.
    • 1982 steel and masonry construction.
    • Approximately 240 parking spaces.
    • Includes an elevator.
    • Located in Chase Park South office park, offering convenient access to Riverchase Galleria, Blue Cross Blue Shield, and major highways (US Hwy 31, I‑65, I‑459).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hoover
    County
    Shelby
    State
    Alabama
    Longitude
    -86.795397
    Latitude
    33.365527

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Space, 58,370 SF, 240 Parking
    Where is this office property / space located?
    The property is located at 400 Chase Park Hoover, AL.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Three-story building with grade-level access to each floor.; Immediately available for lease.; 1982 steel and masonry construction.
    (205) 871-7100
    Request Owner's contact information
    400 Chase Park Hoover, AL 35244
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    Hoover, AL 35244
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    Realmo Value Estimation

    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.

    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.

    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
    400 Chase Park Hoover, AL 35244
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