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Property profile & analytics
OFF-MARKET Estimated value $2,085,000
Office Spaces

3057 Lorna Rd Hoover, AL 35216-4514

21,350 SF 1.01 ac lot Built 1989
Entity Owned Free & Clear
Property ID
US03-0717181
Property summary
AI-generated overview

This exceptional office space, located at 3057 Lorna Rd in Birmingham, Alabama, 35216, offers 2,224 square feet of versatile space within the Georgetown Plaza building. Built in 1989, this two-story building provides a blend of traditional and creative office environments, perfect for a variety of businesses. The property features a single building with multiple tenants and is currently offering one available space. The space boasts a "like new" condition, thanks to excellent ongoing maintenance. Tenants benefit from a full-service lease encompassing all utilities and janitorial services, ensuring a hassle-free move-in experience. The location is highly desirable, offering easy access to major roadways including I-65, Highway 31, and Lorna Road, providing excellent accessibility for employees and clients. The building enjoys high visibility due to its prominent location near major retailers and businesses such as Publix, Regions Bank, Wells Fargo, Golden Rule, McDonald's, Shipley Do-Nuts, and Starbucks. Ample curbside parking is available for convenience. The attractive architecture and landscaping enhance the professional image of the property. This is a move-in ready space offering excellent value and flexible lease terms. The property is ideally suited for office or professional use.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1989
Total area 21,350 SF
Lot 1.01 ac (43,821 SF)
Zoning code CP
APN 39-00-12-1-002-001.000
UPID US03-0717181
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
$2.52M
Blend (final) Blend
$2.09M
Owner & transaction history
E & Z JOSEPH LLC
E & Z JOSEPH LLC
Zoning & alternative use
CP · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Hoover Zoning Ordinance
Top alternative use upside
Auto repair, garage $3.4M +22.3%
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