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Property profile

1680 Montgomery Hwy Vestavia Hills, AL 35216

OFF-MARKET
Office Spaces
8,614 SF
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Property summary

AI-generated overview

This exceptional 8,614-square-foot medical office building is located at 1680 Montgomery Highway in Vestavia Hills, Alabama, 35216. The property offers a fee-simple ownership opportunity with a current asking price of $2,540,000, representing a price per square foot of $294.87. Currently operating at 100% occupancy, the building boasts a strong pro-forma net operating income (NOI) of $130,311, yielding a pro-forma capitalization rate of 5.13%. Its prime location at the corner of Patton Chapel Road and Highway 31 in the heart of Hoover's "Main and Main" area provides exceptional visibility to over 36,000 vehicles daily. The property benefits from its proximity to major transportation arteries, including I-65 and I-459, as well as nearby amenities such as the Riverchase Galleria shopping mall and the Hoover Public Library. The well-lit corner location ensures high visibility from Highway 31. The surrounding area is characterized by a dense residential and daytime population, creating a strong base of potential patients and clients. This presents a compelling investment opportunity in a thriving medical market.

Property profile

Verified
Property type Office Spaces
Total area 8,614 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
  • Pediatrician Physician
  • Pharmacy
  • Medical Clinic
  • Physician
  • Pharmacy

Location

1680 Montgomery Hwy Vestavia Hills, AL 35216
Vestavia Hills 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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