101 Doug Baker Blvd Hoover, AL 35242-2675
Property profile & analytics
101 Doug Baker Blvd Hoover, AL 35242-2675
- Investment properties
- 14,482 SF
- 2.03 lot acres
Property ID
US03-1838842
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Investment properties
Property Details for 101 Doug Baker Blvd
- Year built
- 2003
- Construction
- WOOD
- Lot size
- 2.03 lot acres
- Property size
- 14,482 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 93050001030008
- APU
- 93050001030008
Description
This exceptional investment opportunity presents a 14,560-square-foot Walgreens, located at 101 Doug Baker Blvd, Birmingham, AL 35242. The property boasts a prime location at the intersection of US 280 (80,128 vehicles per day) and Doug Baker Boulevard (9,720 vehicles per day), offering excellent visibility and high traffic exposure. As an outparcel to The Village at Lee Branch, a thriving retail center anchored by Publix, Dick's Sporting Goods, and Hobby Lobby, among others, this property benefits from significant foot traffic and a strong retail environment. The Walgreens lease, an Absolute NNN (triple net) lease with a corporate guarantee, provides a hands-off investment with zero landlord responsibilities. The lease commenced March 11, 2004, and has a remaining term of 11 years, with 10 five-year renewal options extending to September 29, 2035. The property sits on a 2.03-acre lot and was built in 2003. The current annual net operating income (NOI) is $325,500, representing a 7.15% cap rate on the asking price of $4,552,000. The surrounding area is highly affluent, with a 3-mile radius population of 41,618 earning over $160,000 annually and a 5-mile radius population of 71,358 earning over $154,000 annually. Birmingham, Alabama is experiencing robust growth, making this a highly desirable investment market. This is a 100% occupied, Class A retail property representing a secure and lucrative investment opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,540,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,790,000
- 6.5%
- $2,575,000
- 7%
- $2,390,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,982,000
Market price range: $911k - $3.58M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $5,415,000
- MEDICAL BUILDING
- $2,645,000
- OFFICE BUILDING
- $2,350,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hoover
- County
- Shelby
- State
- Alabama
- Longitude
- -86.6653
- Latitude
- 33.4088
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$24,161
$0.00
$0.00
$549,120
-
$1,545,310
$1,200,240
$2,745,550
