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Property profile & analytics
FOR LEASE
Office Spaces

1500 Urban Center Dr Vestavia Hills, AL 35242

63,503 SF 1.72 ac lot Built 1997
Entity Owned 11-yr Hold Free & Clear
Property ID
US03-0463915
Property summary
AI-generated overview

This exceptional office property, located at 1500 Urban Center Drive in Vestavia Hills, Alabama, offers a variety of flexible spaces to suit diverse business needs. Situated in Jefferson County, zip code 35242, this traditional office building presents a prime opportunity for businesses seeking high-quality workspace. Currently, there are multiple tenancies available, with a minimum divisible space of 1,397 square feet and a maximum contiguous space of 11,250 square feet. A significant amount of vacant space, totaling 21,680 square feet, is readily available for immediate occupancy. The building's address is conveniently located at 1500 Urban Center Dr, providing easy access to local amenities and transportation networks. This is an ideal location for companies seeking a professional and efficient work environment in a thriving community. The property type is classified as a traditional office building, offering a classic and established workspace setting. The total building square footage is not currently specified. Interested parties are encouraged to inquire about specific lease terms and available configurations to find the perfect fit for their business operations. This presents a unique opportunity to secure prime office space in a desirable Vestavia Hills location.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1997
Construction CONCRETE
Total area 63,503 SF
Lot 1.72 ac (74,923 SF)
Zoning code CP&C1
APN 28-00-12-3-000-001.013
UPID US03-0463915
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
Current use
Occupant on record · Public records
  • ASCEND Web Strategy Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Atkins Engineering Consultant Architecture
  • Patterson Andrews Wealth Management Financial Advisor
  • FedEx Drop Box Postal Service Courier Service
  • Lear Mark Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$11.35M
Comparable Approach Comparable
$12.40M
Blend (final) Blend
$10.86M
Owner & transaction history
Pz Uc Building Owner LLC · 11 yrs held
Pz Uc Building Owner LLC
since 2014
2 recorded transactions
2014
$23.5M
2011
Price N/A
Zoning & alternative use
CP&C1 · Vestavia, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $17.4M +103.4%
Neighborhood: shopping center $17.2M +101.1%
Apartment house (5+ units) $12.8M +50.0%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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