Technical
Financial
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Property profile

500 Corporate Pkwy Hoover, AL 35242

OFF-MARKET
Office Spaces
135,427 SF 10.3 ac lot Built 1987
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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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Electric Vehicle Charging Station
  • Charitable Organization Social Service Agency
  • Professional Services
  • Home Health Care Service

Location

500 Corporate Pkwy Hoover, AL 35242
Hoover metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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