Technical
Financial
Distress signals
Property profile

3205 Lorna Rd Hoover, AL 35216

OFF-MARKET
Office Spaces
Property ID
US03-0511976
13,606 SF 1.22 ac lot Built 1991
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional office space, located at 3205 Lorna Rd in Hoover, Alabama, 35216, presents a fantastic opportunity for businesses seeking a prominent location within a thriving submarket. The property is classified as an office building with multiple tenancies, and currently offers one available space totaling 2,100 square feet. This space is an endcap unit situated on the left side of the building, providing excellent visibility and accessibility. The strategic location within Hoover offers strong potential for attracting customers and clients. A key advantage is the availability of monument signage, offering significant branding opportunities for increased visibility and brand recognition. This is an ideal space for businesses seeking a high-profile location in a dynamic and successful area of Hoover, Alabama. The property's address is easily accessible and well-situated within the community, offering convenient access for employees and clients alike. The 2,100 square feet provides ample space for a variety of business configurations and needs. This endcap location offers a unique opportunity to establish a strong presence within the Hoover market. Don't miss this chance to secure a prime office space in a high-demand area.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1991
Total area 13,606 SF
Lot 1.22 ac (53,100 SF)
Zoning code C1
APN 39-00-12-1-012-009.000
UPID US03-0511976

Cap rate & NOI

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

Location

3205 Lorna Rd Hoover, AL 35216-7411
Hoover metro Census 12908 BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$905k
CAP Approach CAP
$775k
Comparable Approach Comparable
$903k
Blend (final) Blend
$1.01M

Owner & transaction history

since 2020
Last sale
$1.1M
1 recorded transaction
2020
$1.1M

Zoning & alternative use

C1 · Hoover, AL

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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