Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    3057 Lorna Rd Birmingham, AL 35216

    Sponsored
    For Sale
    $1,600,000

    Birmingham Office Building: High-Visibility, Multi-Tenant

    Property size:
    16,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story office building, located at 3057 Lorna Rd, Birmingham, AL 35216, presents a compelling investment opportunity for owner-users and investors alike. The 16,800 square foot building, constructed in 1989 and renovated in 2020, boasts a Class B rating and features a modified lease type with credit-rated tenants. Currently at 40% occupancy, the property generates $87,000 in annual rental income from three national tenants. Ample parking is provided with 78 spaces, and the 1.5-acre lot ensures convenient access and high visibility. The building benefits from a prime location, just half a mile from I-65, and is surrounded by major retailers and businesses, including Publix, Regions, Wells Fargo, and numerous restaurants. The property's attractive architecture and landscaping, along with its highly visible monument signage, contribute to its strong curb appeal. Recent improvements include a resealed parking lot. The 2022 property taxes totaled $31,939. This well-maintained building is ideal for a variety of uses, including executive, medical, and creative office spaces. The City of Hoover's investment in the surrounding area further enhances the property's long-term value. This is a rare opportunity to acquire a well-positioned, income-producing asset in a thriving Birmingham location.

    Property Features for 3057 Lorna Rd

    General Information

    Property type
    Office space
    Square Feet
    16,800 SF
    Class
    B
    Lot Size
    65,340 SF

    Building Details

    Year Built/Renovated
    1989/2020
    Buildings
    1
    Stories
    2

    HighLights

    • $1,600,000 asking price for a 16,800 SF Class B office building.
    • Multi‑tenant property with 40% occupancy, generating $87,000 in annual rental income from credit‑rated tenants.
    • Located at 3057 Lorna Rd, Birmingham, AL 35216, on a 1.5‑acre lot with 78 parking spaces.
    • Two‑story building, built in 1989 and renovated in 2020, offering executive, medical, and creative office space.
    • Prime location with high visibility, convenient access to I‑65, and proximity to major retailers and businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Charlene Underwood Speech Pathologist Mickalyn Clemons Speech Pathologist Anna Woodfin Speech Pathologist Brittney Booton Speech Pathologist Jennifer Jordan Speech Pathologist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.80417941
    Latitude
    33.40348156

    Nearby Similar for Sale

    • New
      $380,000

      Birmingham Apartment Investment Opportunity

      Five-unit apartment building near UAB with updated electrical.
      1501 13Th St, Birmingham, AL 35205
      View Details
    • $399,900
      0.80 Acres

      Church in Birmingham, Alabama

      Church property for sale in Birmingham, Alabama.
      2001 Avenue Z, Birmingham, AL 35208
      View Details
    • $940,000

      Avondale Quadplex Near Downtown Birmingham

      Well-maintained quadplex in a desirable, walkable Birmingham neighborhood.
      4111 4Th Ave, Birmingham, AL 35222
      View Details
    • $325,000
      0.19 Acres

      Tarrant Commercial Office Building

      Versatile commercial office with warehouse in Tarrant, Alabama.
      1133 Ford Ave, Birmingham, AL 35217
      View Details
    • $575,000

      Avondale Duplex: Investment Opportunity

      Duplex in Avondale near Downtown Birmingham's shops and restaurants.
      3713 6Th Ave, Birmingham, AL 35222
      View Details
    • New
      $459,000
      0.18 Acres

      Historic Office Building in Birmingham

      Two-story office building with six offices in downtown Birmingham.
      1027 23Rd St, Birmingham, AL 35205
      View Details
    • $190,000

      Move-in Ready Birmingham Duplex

      Well-maintained duplex in a desirable area, ideal for investors.
      1172 16Th Ave, Birmingham, AL 35204
      View Details
    • $350,000
      0.16 Acres

      Multi-Use Building For Sale

      Commercial building suitable for automotive, restaurant, office, or residential use.
      5100 7Th Ave, Birmingham, AL 35224
      View Details
    • $900,000
      0.49 Acres

      High-Visibility Office Building For Sale

      Cash-flowing office asset with long-term tenants in high-demand area.
      524 Red Lane Rd, Birmingham, AL 35215
      View Details
    • $1,690,000

      Renovated Apartment Building Near Downtown

      Renovated 24-unit apartment building near downtown Birmingham, fully occupied.
      1609 6Th St, Birmingham, AL 35204
      View Details
    • $370,000
      0.41 Acres

      Commercial Property with Flexible Options

      Commercial property suitable for retail or restaurant use.
      1145 Forestdale Blvd, Birmingham, AL 35214
      View Details
    • Contact for pricing
      4,676 SF

      Commercial Building in Roebuck Birmingham

      Large commercial building with apartment and additional lot for sale.
      9009 Parkway East Dr East, Birmingham, AL 35206
      View Details

    FAQs

    What type of property is this?
    Office space - Birmingham Office Building: High-Visibility, Multi-Tenant
    Where is this office space located?
    The property is located at 3057 Lorna Rd Birmingham, AL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: $1,600,000 asking price for a 16,800 SF Class B office building.; Multi-tenant property with 40% occupancy, generating $87,000 in annual rental income from credit-rated tenants.; Located at 3057 Lorna Rd, Birmingham, AL 35216, on a 1.5-acre lot with 78 parking spaces.
    Request Owner's contact information
    3057 Lorna Rd Birmingham, AL 35216
    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.
    3057 Lorna Rd
    Birmingham, AL 35216
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3057 Lorna Rd Birmingham, AL 35216
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.