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Property profile & analytics
OFF-MARKET
Land

0 Concourse Pkwy Birmingham, AL 35244

7.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 7.5-acre commercial and industrial land parcel presents a remarkable investment opportunity in the thriving Riverchase area of Hoover, Alabama. Situated on Concourse Parkway in Jefferson County, this property boasts a highly desirable location with convenient access to Interstate 65 and Highway 31, ensuring excellent visibility and accessibility for businesses. The site offers ample parking with 418 spaces, accommodating a substantial workforce and clientele. The property's zoning and location are ideal for a variety of commercial and industrial uses. Preliminary plans envision the development of two 36,000 square foot medical office buildings, reflecting the area's growing demand for healthcare services. This strategic location within the rapidly developing North Shelby County area places the property within close proximity to established communities and high-traffic corridors, promising strong potential for future growth and return on investment. The 35244 zip code further underscores the property's position within a vibrant and expanding market. This is a rare opportunity to acquire a significant land parcel in a prime location with exceptional infrastructure and growth potential. The existing infrastructure and strategic location make this a compelling opportunity for developers and investors seeking a high-impact project in a thriving Alabama market.

Property profile
Verified
Property type Land
Lot 7.5 ac (326,700 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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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