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    Property profile & analytics

    2 Riverchase Rdg Hoover, AL 35244

    • Office buildings
    • 12,912 SF
    • 1.49 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimation
    $1,590,000
    Last Sale
    Aug 15, 2022
    $1,500,000
    Location Intelligence
    Property ID
    US03-1443184
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 2 Riverchase Rdg

    Year built
    1999
    Construction
    WOOD
    Lot size
    1.49 lot acres
    Property size
    12,912 SF
    Property type
    Office buildings
    APN
    109300001004039
    APU
    109300001004039

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,605,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,580,000
      6.5%
      $1,465,000
      7%
      $1,420,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,610,000
      Geo Method
      $1,635,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,470,000
      Retail
      $1,450,000
      Mixed-Use
      $1,560,000
      Hospitality
      $1,380,000
      Educational
      $1,330,000
      Residential Income
      $1,255,000
      Energy
      $1,535,000
      Income-Based Land
      $1,395,000
      Food Service
      $1,510,000

    Location Insight

    • Map
    • Local Demand
    City
    Hoover
    County
    Shelby
    State
    Alabama
    Longitude
    -86.7865
    Latitude
    33.3551
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,058
    $0.00
    $0.00
    $299,260
    -
    $371,280
    $1,124,960
    $1,496,240

    Comparable in this City

    • Value Estimation by Request
      442,000 SF

      2020 Valleydale Rd

      OFFICE BUILDING • 442,000 SF
      2020 Valleydale Rd, Hoover, AL 35244-2024
      View Details
    • Value Estimation by Request
      5,731 SF

      2070 Valleydale Rd

      OFFICE BUILDING • 5,731 SF
      2070 Valleydale Rd, Hoover, AL 35244-2093
      View Details
    • Value Estimation by Request
      1,012 SF

      2410 Valleydale Rd

      OFFICE BUILDING • 1,012 SF
      2410 Valleydale Rd, Hoover, AL 35244-2015
      View Details
    • Value Estimation by Request
      2,376 SF

      2072 Valleydale Rd

      OFFICE BUILDING • 2,376 SF
      2072 Valleydale Rd, Hoover, AL 35244-2006
      View Details
    • Value Estimation by Request
      1,073 SF

      2079 Valleydale Ter

      OFFICE BUILDING • 1,073 SF
      2079 Valleydale Ter, Birmingham, AL 35244-1725
      View Details
    • Value Estimation by Request
      16,978 SF

      4527 Southlake Pkwy

      OFFICE BUILDING • 16,978 SF
      4527 Southlake Pkwy, Hoover, AL 35244-3238
      View Details

    Similar Nearby for Sale

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    • $4,500,000
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      Riverchase Parkway Executive Office Building

      Class A Office, 25,600 SF, 7.20% Cap Rate
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    Similar Nearby for Lease

    • $19 SF/Yr
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      Hoover Medical Office Building

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      Riverchase Ridge Executive Suites

      Hoover, AL Executive Office Space Available
      2 Riverchase Rdg, Hoover, AL 35244
      View Details
    • $19 SF/Yr
      3,200 SF

      Prime Hoover Office Space

      1,598 SF Executive Office Suite; Valleydale Rd.
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      View Details
    • $16 SF/Yr
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      Riverchase Executive Office Suites

      Prime Birmingham Office Space Available
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      View Details
    • Contact for pricing
      4,000 SF

      Office/Retail Center in High-Traffic Area

      Office/retail spaces available in a well-located, high-traffic center.
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    • Contact for pricing
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      Prime Hoover Office Space Available

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      View Details
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    Hoover, AL 35244
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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