3150 Lorna Rd Hoover, AL 35216
For Lease
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Hoover, ALHoover. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.