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1 Chase Corporate Dr, Hoover, AL 35244
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Property summary
AI-generated overview
This prestigious Class A office property, the Chase Corporate Center, offers a variety of move-in-ready suites ranging from 1,710 to 21,635 contiguous square feet within its 211,341 total square feet. Currently, 35,671 square feet is available for lease. The two buildings, constructed in 1985, boast four stories each and provide ample parking with 660 spaces. Elevators are available for convenient access to all floors. Situated on 14.4 acres of exquisitely landscaped grounds overlooking a scenic lake, this LEED Silver Certified property enjoys a prime location in Hoover, Alabama (zip code 35244), at 1 Chase Corporate Drive. The convenient location offers easy access to a wealth of amenities, including upscale golf courses, restaurants, retail centers, hotels, and medical facilities. The property is zoned by the City of Hoover, which notably does not impose an occupational tax. The minimum divisible space is 1,710 square feet. This exceptional property presents a unique opportunity for businesses seeking a high-quality, amenity-rich office environment in a desirable location.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1985
Total area
49,481 SF
Lot
14 ac (609,840 SF)
Zoning code
POPC
APN
39-00-24-1-000-001.011
UPID
US03-1026679
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
-
Real Estate Agency
-
Insurance Agency
-
Insurance Agency
-
Factory Production Facility
-
Big Box & Wholesale Store Building Supply
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
since 2023
Last sale
$26.5M
1 recorded transaction
Zoning & alternative use
POPC · Hoover, AL
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
GBA
49,481 SF
Lot area
14 ac
Year built
1985
Stories
4
APN
39-00-24-1-000-001.011
Zoning
POPC
Assessed value
$6,916,600
Annual tax
$498,515
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$498,515
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$4.12M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.3 mi away · 51,532 SF
12.0 mi away · 50,230 SF
5
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 740 sales
$134
-38%
County 1088 sales
$116
-28%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $83/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$53.21M
Move the market yield to see immediate price impact.
Value / SF
$1,075
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$3.35M
$67.04M
$47.88M
$37.24M
$3.72M
$74.49M
$53.21M
$41.38M
$4.10M
$81.94M
$58.53M
$45.52M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$9.08M
0.3 mi · Feb 2026 · $176/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$498,515
Tax year 2022
Assessed value
$6,916,600
Assessed 2023
Previous assessed
$6,866,600
+0.7% YoY
Effective rate
7.21%
On assessed value
Assessed land
$2,535,320
Assessed improvement
$4,381,280
Land market value
$12,676,600
Improvement market value
$21,906,400
Total market value
$34,583,000
Applied tax rate
23.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1985
Heating
FORCED AIR
Cooling
YES
Stories
4
Bathrooms
2
Total area
49,481 SF
Lot
14 ac (609,840 SF)
Zoning code
POPC
APN
39-00-24-1-000-001.011
UPID
US03-1026679
Jurisdiction
JEFFERSON
Zoning & alternative use
POPC · Hoover, ALZoning POPC · permitted uses
POPC · Hoover, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1985
Heating
FORCED AIR
Cooling
Yes
Stories
4
Bathrooms
2
Lot
14 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
POPC
Jurisdiction
Hoover, AL
Recorded code
POPC
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for POPC in Hoover, AL.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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