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Property profile & analytics
OFF-MARKET Estimated value $9,550,000
Strip malls

1855 Montgomery Hwy Hoover, AL 35244-1207

105,525 SF 7.7 ac lot Built 1989
Entity Owned 2-yr Hold Free & Clear
Property ID
US03-0659170
Property summary
AI-generated overview

Plaza at Riverchase offers exceptional retail opportunities in Birmingham, Alabama. This 197,840 square foot mixed-use center boasts a diverse tenant mix, including national anchors Hobby Lobby and Planet Fitness, ensuring high foot traffic. Located at 1855 Montgomery Hwy, Birmingham, AL 35244, the property enjoys a prime location near I-65 and I-459, just one mile from The Galleria mall. With 850 parking spaces, the center provides ample convenience for shoppers and employees. Currently, there are 22,100 square feet of vacant space available, divisible into units as small as 1,000 square feet and up to a maximum contiguous space of 54,277 square feet. Built in 1989, this center serves a densely populated, affluent area with above-average education, per-capita income, and household income levels. Median household income has experienced significant growth, increasing by 51% since 2000. The center's location on a high-traffic corridor, combined with its strong tenant base offering health and wellness services, grocery, and restaurants, presents a compelling investment opportunity. This property is ideally suited for businesses seeking exposure in a thriving Birmingham market.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1989
Total area 105,525 SF
Lot 7.7 ac (335,412 SF)
Zoning code PC
APN 39-00-24-1-000-001.012
UPID US03-0659170
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
by Request
Blend (final) Blend
$9.55M
Owner & transaction history
Hendon Urban Riverchase LLC · 2 yrs held
Hendon Urban Riverchase LLC
since 2024
2 recorded transactions
2024
$14.5M
2024
Price N/A
Zoning & alternative use
PC · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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