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    500 Corporate Pkwy Hoover, AL 35242

    For Lease
    $24 SF/Yr

    Class A Office, Hoover, AL. Modern Amenities.

    Lot size:
    135,427 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Meadow Brook 500 offers exceptional Class A office space in Hoover, Alabama. This six-story building, constructed in 1987, boasts a total of 135,427 square feet, with flexible suites ranging from a minimum of 3,552 square feet to a maximum contiguous space of 9,875 square feet. Multiple tenancy options are available. The property sits on 10.3 acres of land and provides ample parking with a generous 4.7 spaces per 1,000 square feet (a total of 636 spaces). Elevators are available for convenient access to all floors. Recent renovations have significantly enhanced the building's appeal, featuring a completely updated lobby with a modern lounge area offering free Wi-Fi. A complimentary multi-purpose training room and a state-of-the-art fitness center equipped with Peloton bikes, lockers, and showers are also available for tenant use. A 24/7 micro-market adds to the convenience. The building benefits from a highly visible location on Highway 280, providing excellent anchor tenant signage opportunities. Its strategic location offers easy access to the Meadow Brook, Inverness, Greystone, and Highland Lakes communities, as well as Birmingham's premier golf courses, restaurants, retail centers, hotels, and medical facilities. The Hoover location offers the added benefit of no occupational tax.

    Property Features for 500 Corporate Pkwy

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    135,427 SF
    Class
    A
    Total Rate
    276496.79

    Building Details

    Year Built
    1987
    Stories
    6

    Unit(s) available at that property

    Space
    G-75
    Size
    4,211 SF
    Rate per SF
    $24
    Space
    1st Floor
    Size
    1,232 SF
    Rate per SF
    $24
    Space
    3rd Floor
    Size
    9,875 SF
    Rate per SF
    $24

    HighLights

    • Newly renovated lobby with modern amenities.
    • High‑visibility signage opportunity on Highway 280.
    • Ample parking (4.7 spaces per 1,000 SF).
    • Excellent access to Meadow Brook, Inverness, Greystone, and Highland Lakes communities.
    • Located in Hoover, AL (no occupational tax).
    • Proximity to golf courses, restaurants, retail, hotels, and medical facilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    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
    Jefferson
    State
    Alabama
    Longitude
    -86.68547288316
    Latitude
    33.416284787767

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    FAQs

    What type of property is this?
    Office space - Class A Office, Hoover, AL. Modern Amenities.
    Where is this office space located?
    The property is located at 500 Corporate Pkwy Hoover, AL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Newly renovated lobby with modern amenities.; High-visibility signage opportunity on Highway 280.; Ample parking (4.7 spaces per 1,000 SF).
    Request Owner's contact information
    500 Corporate Pkwy Hoover, AL 35242
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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
    500 Corporate Pkwy Hoover, AL 35242
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