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Property profile & analytics
OFF-MARKET
Office Spaces

500 Corporate Pkwy Hoover, AL 35242

135,427 SF 10.3 ac lot Built 1987
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Office Spaces
Year built 1987
Total area 135,427 SF
Lot 10.3 ac (448,668 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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