Prime Hoover Location Office
1680 Montgomery Hwy Vestavia Hills, AL 35216
1680 Montgomery Hwy, Vestavia Hills, AL, 35216
Contact for pricing
For Sale
Contact for pricing
Highly visible office building in the heart of Hoover.
Property Size8,614 SF
Price / SF$294.87
Days on Market923
Property Features for 1680 Montgomery Hwy
General Information
- Standard status
- Active
- Size
- 8,614 SF
- Property subtype
- Office
Listing Agency
Shannon Waltchack
(205) 209-9701
Listed by
Len Shannon, SIOR, CCIM, CPM · License #AL 000030664
Source
Crexi
Added: Jan 8, 2024 Checked: Jul 17 at 7:27 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 Shannon Waltchack
Investment Insights
Based on property information with market context.
Located at the corner of Patton Chapel Road and Highway 31, this 8,614 square foot office building is situated in Hoover's "Main and Main" area, with a daily traffic count exceeding 36,000 vehicles. The property benefits from its proximity to major transportation arteries, being less than one minute from I-65 and I-459. Additional nearby amenities include the Riverchase Galleria shopping mall and the Hoover Public Library. The location offers high visibility from Highway 31 and is positioned on a well-lit corner. The surrounding area features dense residential and daytime populations.
Key Highlights
- High traffic location: Over 36,000 vehicles daily at the corner of Patton Chapel Road and Highway 31.
- Excellent visibility: Located at a well‑lit corner and highly visible from Highway 31.
- Prime location: In the heart of Hoover’s “Main and Main”.
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 | $155.1k | $18.00 |
| − Vacancy | −$34.1k | −$3.96 |
| EGI | $120.9k | $14.04 |
| − OpEx | −$30.2k | −$3.51 |
| NOI | $90.7k | $10.53 |
8,614 SF · lease $18.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.30M
$1.13M – $1.51M
NOI $90,705 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,531 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Highly visible office building in the heart of Hoover.
Where is this office building located?
The property is located at 1680 Montgomery Hwy Vestavia Hills, AL.
What is the asking price?
The asking price for this property is $2,540,000.
What are key features of this property?
This property features: High traffic location: Over 36,000 vehicles daily at the corner of Patton Chapel Road and Highway 31.; Excellent visibility: Located at a well‑lit corner and highly visible from Highway 31.; Prime location: In the heart of Hoover’s “Main and Main”.
