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    3150 Lorna Rd Hoover, AL 35216
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    Property profile & analytics

    3150 Lorna Rd, Hoover, AL 35216

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    • Commercial real estate
    • 6,008 SF
    • 0.53 lot acres
    Newly Renovated Office and Retail For Lease
    $11 SF/Yr

    Newly Renovated Office and Retail

    Renovated office and retail suites with flexible lease terms.

    3150 Lorna Rd, Hoover, AL 35216
    View Listing
    Property ID
    US03-0686041
    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.

    Value Estimations
    $1,995,000
    Cap Rate Potential
    3.6%
    Commercial real estate
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3150 Lorna Rd

    Year built
    1970
    Lot size
    0.53 lot acres
    Zone code
    C1
    Property type
    Commercial real estate
    APN
    39-00-12-1-011-004.000
    APU
    3900121011004000

    Description

    Lorna Square, located at 3150 Lorna Rd in Hoover, Alabama, offers 7,130 square feet of newly renovated office space for lease. This Class C property features 16 available suites ranging from 391 to 5,315 square feet, with a minimum divisible space of 400 square feet and a maximum contiguous space of 3,065 square feet. The property is conveniently situated less than one mile from I-65, providing easy access via a traffic light. Ample parking is available both in front and behind the buildings, and signage opportunities exist. Lease rates begin at $11.00 per square foot, and flexible terms are available for both short and long-term leases. Full-service leases include power, water, and janitorial services, minimizing tenant hassle. The property boasts an attentive local ownership and management team. Its location near numerous restaurants and shopping centers adds to its appeal. Furthermore, there is no occupational tax, making this an excellent value proposition. Individual offices are available, along with a conference room. Floor plans and sizes are adaptable to various budgetary needs, and the property will accommodate division of larger spaces.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $1,925,000
      ML approach
      $2,000,000
    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,645,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,625,000
      APARTMENT HOUSE (5+ UNITS)
      $1,210,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Hoover
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8027
    Latitude
    33.3979
    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
    2022
    $0.00
    $30,260
    $58,520
    $88,780
    -
    $151,300
    $292,600
    $443,900
    View Listing
    More about this property
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