3891 Klein Rd Harpersville, AL 35078
- Office Properties & Spaces
- 5,498 SF
- 4.53 lot acres
Current Use by Public Records
- Hancock Forest Management / Business Management Consultant
Property Details for 3891 Klein Rd
- Year built
- 1971
- Lot size
- 4.53 lot acres
- Property size
- 5,498 SF
- Property type
- Office Properties & Spaces
Description
This exceptional single-tenant office building presents a compelling investment opportunity. Located at 3891 Klein Rd, Harpersville, Alabama 35078, this 5,498 square foot property sits on a 4.53-acre lot and boasts 30 parking spaces. Built in 1971 and renovated in 2023, the building features a like-new metal roof and is meticulously maintained. Currently 100% occupied under a modified gross lease with a credit tenant, Manulife Investment Management Forest Management, Inc., the lease runs through February 28, 2025, with rent increases tied to the Consumer Price Index (CPI). The property offers a strong net operating income (NOI) of $37,200, resulting in a pro-forma cap rate of 9.40%. The asking price is $395,000, translating to a price per square foot of $71.84. The property is fee simple ownership and offers a secure, fenced, and gated environment. Its ideal location provides easy access to US 280, Highways 25 and 231, and Interstates 65, 459, and 20. This is a stabilized investment with a long-term tenant and significant upside potential. The property is classified as Class C and is a one-story building. The landlord is responsible for taxes, insurance, roof maintenance, and repairs. Lease renewal is subject to mutual agreement.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Harpersville
- County
- Shelby
- State
- Alabama
- Longitude
- -86.3881
- Latitude
- 33.3002
