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    40 Inverness Center Pkwy Birmingham, AL 35242

    For Lease
    $19 SF/Yr

    Class A Office Park, Birmingham, AL

    Lot size:
    448,004 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Inverness Center North, a Class A office park in Birmingham, Alabama, offers 448,004 square feet of executive office space currently available for lease. Located at 40, 42, and 44 Inverness Center Parkway in Shelby County (zip code 35242), this property boasts a prime location along Highway 280, within the desirable Highway 280/I-459 submarket in Hoover, Alabama. The minimum leasable space is 1,500 square feet, with the potential to lease up to the entire 448,004 square feet contiguously. This exceptional property benefits from superior access to major highways and a lush natural setting. The surrounding area offers a rich amenity base, including high-end retail, service retail, banking, daycare, and top-rated restaurants. Furthermore, the property is situated near Memorial Lake, providing walking trails and scenic views, and is part of the Inverness Center Master Planned Urban Development (PUD), presenting opportunities for luxury living and adjacent retail development. A 10+ acre tract is available for multi-family or senior living development, and a five-acre tract is available for retail development. Abundant surface parking is available. This is an unparalleled opportunity to secure office space in a thriving, amenity-rich community.

    Property Features for 40 Inverness Center Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    448,004 SF
    Total Rate
    728006.5

    Unit(s) available at that property

    Space
    First Floor
    Size
    20,473 SF
    Rate per SF
    $19
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Dental Office Hair Salon Building Supply Gym & Fitness Wholesale Shop Hotel & Motel Kitchen & Bath HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.7104445
    Latitude
    33.4232475

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Park, Birmingham, AL
    Where is this office property / space located?
    The property is located at 40 Inverness Center Pkwy Birmingham, AL.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    Request Owner's contact information
    40 Inverness Center Pkwy Birmingham, AL 35242
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    Birmingham, 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
    40 Inverness Center Pkwy Birmingham, AL 35242
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