Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    3075 John Hawkins Pkwy Hoover, AL 35244

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3075 John Hawkins Pkwy Hoover, AL 35244

    View on Map
    • Retail properties & Spaces
    • 40,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3075 John Hawkins Pkwy

    Property size
    40,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail opportunity in Hoover, Alabama, presents 2,000 square feet of immediately available space within a 40,000-square-foot Class B shopping center located at 3075 John Hawkins Parkway, zip code 35244, Jefferson County. The space is part of a multi-tenant building and offers excellent visibility and accessibility. Two suites are available, Suite G (1,800 sq ft, 40' wide x 50' deep) and Suite I (1,300 sq ft, 26' wide x 50' deep), which can be combined for a total of 3,100 contiguous square feet. The property boasts abundant and easily accessible parking, highly visible signage, and covered, lighted walkways. Its strategic location provides easy access to major thoroughfares including I-459, I-65, Highway 31, and Highway 150, placing it within reach of significant high-growth areas and thousands of homes in desirable neighborhoods such as Riverchase, Trace Crossings, Preserve, and Lake Crest. High traffic counts are a key feature, with Highway 150 seeing 34,000 cars per day and Lorna Road registering 18,000 cars daily. The property is zoned for commercial use. Minimum divisible space is 2,000 square feet, with a maximum contiguous space of 2,000 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hoover
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8064
    Latitude
    33.3758

    Comparable in this City

    • Value Estimation by Request
      5,200 SF

      2101 Pelham Pkwy

      Automotive properties • 5,200 SF
      2101 Pelham Pkwy, Hoover, AL 35244
      View Details
    • Value Estimation
      $2,215,000
      15,154 SF

      1801 Montgomery Hwy

      RETAIL STORES (PERSONAL SERVICES) • 15,154 SF
      1801 Montgomery Hwy, Hoover, AL 35244-2514
      View Details
    • Value Estimation
      $670,000
      4,941 SF

      3664 Galleria Cir

      RETAIL STORES (PERSONAL SERVICES) • 4,941 SF
      3664 Galleria Cir, Hoover, AL 35244-2346
      View Details
    • Value Estimation by Request
      1,960 SF

      Birmingham, AL 35244

      RETAIL STORES (PERSONAL SERVICES) • 1,960 SF
      Birmingham, AL 35244
      View Details
    • Value Estimation
      $1,980,000
      13,568 SF

      2760 John Hawkins Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 13,568 SF
      2760 John Hawkins Pkwy, Hoover, AL 35244-3102
      View Details
    • Value Estimation
      $2,285,000
      15,657 SF

      1881 Chace Dr

      RETAIL STORES (PERSONAL SERVICES) • 15,657 SF
      1881 Chace Dr, Hoover, AL 35244-1829
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,607 SF

      Mixed-Use Property For Sale

      Mixed-use property featuring retail and office spaces, totaling 10,607 square feet.
      1820 Southpark Dr, Birmingham, AL 35244
      View Details
    • Contact for pricing

      Prime Retail Opportunity in Hoover

      4.69 acre retail site in dominant Hoover power center.
      5569 Grove Blvd W, Hoover, AL 35244
      View Details
    • Contact for pricing
      2.00 Acres

      Hoover Office Suites: Prime Location

      Affordable, professional office space in Hoover, AL.
      509 Mineral Trce, Hoover, AL 35244
      View Details
    • $150,000
      3.88 Acres

      Scenic View Land in Birmingham

      3.884 acres of land with scenic views in Hoover.
      495 Scenic View Ln, Birmingham, AL 35244
      View Details
    • $89,900
      0.49 Acres

      Residential Lot in Hoover, AL

      Ready-to-build lot with utilities in Hoover, Alabama.
      1309 S Chase Cir, Hoover, AL 35244
      View Details
    • Contact for pricing

      4.69 Acres of Land

      4.69 acres of land available for sale.
      5569 Grove Blvd W, Hoover, AL 35244
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,500 SF

      Open-Air Shopping Center Space

      Retail and restaurant spaces available in open-air shopping center.
      161 Main St, Hoover, AL 35244
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space Near Galleria

      Retail space for lease near Riverchase Galleria and Patton Creek.
      3049 John Hawkins Pkwy, Hoover, AL 35244
      View Details
    • Contact for pricing
      6,600 SF

      Retail Space in Patton Creek

      Retail space available in open-air shopping center.
      4445 Creekside Ave, Birmingham, AL 35244
      View Details
    • Contact for pricing

      Retail Location in Hoover

      Ideal location near Hoover Met Complex and Finley Center.
      35244 Usa, Hoover, AL 35244
      View Details
    • Contact for pricing

      Retail Space in Hoover Area

      Retail property with highway access in the Hoover area.
      2801 John Hawkins Pkwy, Hoover, AL 35244
      View Details
    • Contact for pricing

      Pelham Retail and Office Space

      Located on Old Montgomery Highway near Valleydale Road intersection.
      2051 Old Montgomery Hwy, Pelham, AL 35244
      View Details
    Request Owner's contact information
    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.
    3075 John Hawkins Pkwy
    Hoover, AL 35244
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    3075 John Hawkins Pkwy, Hoover, AL, 35244

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!