Technical
Financial
Distress signals
Property profile

2 Riverchase Rdg Hoover, AL 35244

FOR LEASE
Office buildings
Property ID
US03-1443184
12,912 SF 1.49 ac lot Built 1999
Entity Owned 4-yr Hold Free & Clear
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2 Riverchase Rdg, Hoover, AL 35244 For Lease
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2 Riverchase Rdg, Hoover, AL 35244
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Property summary

AI-generated overview

This exceptional executive office space, located at 2 Riverchase Ridge in Hoover, Alabama, offers a prime opportunity for businesses seeking a prestigious address in Shelby County. The property, known as Riverchase Ridge, boasts a total of 12,416 square feet, with a significant portion currently available for lease. A single, sizable suite of 2,477 square feet is immediately ready for occupancy. The building is classified as a multi-tenant property, providing a collaborative and professional environment. The convenient location in Hoover, Alabama, zip code 35244, offers easy access to major transportation routes and amenities. This is an ideal space for businesses seeking a modern and efficient workspace in a thriving community. The property's classification as "Executive Office" speaks to its high-quality finishes and professional atmosphere. With ample square footage available, this location presents a unique opportunity to establish or expand your business in a desirable setting. The available space is ready for immediate occupancy, allowing for a quick and seamless transition. Contact us today to schedule a viewing and explore the possibilities of making Riverchase Ridge your new business home. The property is situated in Shelby County, Alabama, offering access to a robust local economy and a strong workforce.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1999
Construction WOOD
Total area 12,912 SF
Lot 1.49 ac (64,904 SF)
APN 109300001004039
UPID US03-1443184

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2 Riverchase Rdg Hoover, AL 35244
Hoover metro Census 30314 BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.61M
Blend (final) Blend
$1.61M

Owner & transaction history

since 2022
Last sale
$1.5M
3 recorded transactions
2022
$1.5M
2019
$1.3M
2013
$960,000

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $2.6M +21.1%
Medical building $2.3M +6.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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?”
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