Technical
Financial
Distress signals
Property profile

250 Riverchase E Pkwy 600 Hoover, AL 35244

OFF-MARKET
Office buildings
Property ID
US03-0838676
241,163 SF 53 ac lot Built 1995
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 90-acre commercial land parcel presents a unique investment opportunity in the thriving city of Hoover, Alabama. Located at 250 Riverchase Pkwy E, this single-tenant property offers unparalleled potential for large-scale development. The expansive lot size provides ample space for a variety of commercial ventures, catering to diverse business needs. Situated in Shelby County, this property benefits from excellent access to major transportation routes, ensuring convenient connectivity for businesses and employees. The address, 250 Riverchase Pkwy E, Hoover, AL 35244, places the land in a high-visibility area with significant potential for attracting a wide customer base. With its substantial acreage and strategic location, this property is ideal for developers seeking a prime location to build a substantial commercial project. The property is designated for commercial use and is available for lease. The sheer scale of the land allows for flexibility in design and development, accommodating a range of commercial building sizes and configurations. This is a rare opportunity to acquire a significant land holding in a highly desirable area of Hoover, offering exceptional long-term growth potential. The property's size and location make it an attractive proposition for businesses seeking a prominent presence in a rapidly growing market. Detailed site plans and zoning information are available upon request.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1995
Total area 241,163 SF
Lot 53 ac (2,308,680 SF)
APN 104190001001029
UPID US03-0838676

Cap rate & NOI

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

Location

250 Riverchase E Pkwy, Unit 600 Hoover, AL 35244-1832
Hoover metro Census 30314 BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$45.84M
Blend (final) Blend
$45.84M

Owner & transaction history

since 2024
3 recorded transactions
2024
$29.7M
2024
$6.0M
2006
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $44.1M +9.7%

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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