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Property profile & analytics
OFF-MARKET Estimated value $3,575,000
Office Spaces

1849 Data Dr Hoover, AL 35244-1202

21,923 SF 3.35 ac lot Built 1986
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US03-0737018
Property summary
AI-generated overview

This exceptional office property, located at 1849 Data Drive in Hoover, Alabama, offers a variety of spaces to suit your business needs. The building, a three-story Class B structure built in 1986 and renovated in 2008, boasts a total of 30,000 square feet, with 8,781 square feet currently available for lease. The available space is situated on the third floor and offers flexible options ranging from smaller suites to larger blocks of space. The property sits on a 3.5-acre lot and provides ample parking at a ratio of 4 spaces per 1,000 square feet. Enjoy a Class A lobby and reception area, adding a touch of sophistication to your business operations. This location offers a significant advantage with no city occupational taxes. Its strategic location near the Riverchase Galleria provides easy access to a wide array of amenities, including restaurants, hotels, and banking facilities. Furthermore, its convenient access to Interstates 65 and 459 ensures seamless commutes for your employees and clients. The property is available for occupancy on October 1, 2024. This is a rare opportunity to secure high-quality office space in a thriving Hoover submarket, within the Pelham submarket cluster, and with a zip code of 35244. The property is suitable for executive, creative, or traditional office uses.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1986
Construction STEEL FRAME
Total area 21,923 SF
Lot 3.35 ac (145,882 SF)
Zoning code PO
APN 40-00-18-3-000-004.000
UPID US03-0737018
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
$3.92M
Comparable Approach Comparable
$4.46M
Blend (final) Blend
$3.58M
Owner & transaction history
Hunter Trace LLC · 13 yrs held
Hunter Trace LLC
since 2013
3 recorded transactions
2024
Price N/A
2013
$2,100
1969
Price N/A
Zoning & alternative use
PO · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $5.9M +101.1%
Apartment house (5+ units) $4.4M +50.0%
Medical building $3.9M +32.4%
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