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Property profile & analytics
OFF-MARKET Estimated value $15,955,000
Office buildings

1200 Corporate Dr 1200 Hoover, AL 35242-2941

126,923 SF 7.19 ac lot Built 1987
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US03-0747386
Property summary
AI-generated overview

This exceptional Class A office building, Meadow Brook 1200, offers a variety of flexible spaces in Hoover, Alabama. Located at 1200 Corporate Drive, 35242, this property boasts a total of 128,142 square feet, with suites ranging from 2,205 to 7,114 square feet currently available. The minimum divisible space is 4,783 square feet, and the maximum contiguous space available is also 4,783 square feet. The building features a convenient 3.6 parking spaces per 1,000 square feet ratio. Situated in Jefferson County along Highway 280, this prime location provides easy access to Birmingham's most desirable amenities, including upscale golf courses, restaurants, retail centers, hotels, and medical facilities. Recent renovations have transformed the common areas, creating a modern and inviting atmosphere. These upgrades include new outdoor patio terraces, a Canteen micro-market for convenient grab-and-go options, a versatile multi-purpose training room, and a fully equipped fitness center complete with lockers and showers. This is a multi-tenant building offering traditional and executive office spaces. The property is ideally suited for businesses seeking a prestigious address and a convenient location within a thriving commercial corridor.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Total area 126,923 SF
Lot 7.19 ac (313,153 SF)
APN 39310002019007
UPID US03-0747386
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$15.95M
Blend (final) Blend
$15.96M
Owner & transaction history
Software Guys 20 LLC · 8 yrs held
Software Guys 20 LLC
since 2017
4 recorded transactions
2017
$11.6M
2015
$36.0M
2011
Price N/A
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $25.6M +24.2%
Medical building $22.6M +9.7%
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