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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4524 Southlake Pkwy Birmingham, AL 35244

    • Strip malls
    • 57,970 SF
    • 7.25 lot acres
    For Lease
    View listing
    Last Sale
    Dec 15, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1371935
    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.

    Current Use by Public Records

    • Strip malls

    Property Details for 4524 Southlake Pkwy

    Year built
    1988
    Construction
    WOOD
    Lot size
    7.25 lot acres
    Property size
    57,970 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    104200005003000
    APU
    104200005003000

    Description

    Southlake Village, located at 4524 Southlake Parkway in Birmingham, Alabama, presents a prime retail opportunity. This Shelby County property offers multiple spaces for lease, ranging from 1,080 square feet to 11,891 square feet, providing flexibility for various business needs. The center is ideally situated along Valleydale Road, ensuring excellent visibility and convenient access to Interstate 65, a major transportation artery. This strategic location provides easy access to thriving residential neighborhoods, guaranteeing a strong customer base. The property's classification as a shopping center within the retail sector indicates a focus on attracting customers seeking goods and services. The multiple tenancy structure allows for a diverse range of businesses to coexist, creating a vibrant and attractive retail environment. The available spaces offer a chance to establish a presence in a well-connected and accessible location within a bustling Birmingham community. The zip code is 35244. This property is an excellent investment opportunity for businesses seeking high visibility and convenient access to a large customer base in a thriving area of Birmingham. The property's size range caters to a variety of business models and expansion plans.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hoover
    County
    Shelby
    State
    Alabama
    Longitude
    -86.7699
    Latitude
    33.3617
    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
    2023
    $78,315
    $0.00
    $0.00
    $1,160,340
    -
    $1,806,930
    $3,994,730
    $5,801,660

    Comparable in this City

    • Value Estimation by Request
      3,996 SF

      2495 Valleydale Rd

      SHOPPING CENTER, STRIP CENTER • 3,996 SF
      2495 Valleydale Rd, Hoover, AL 35244-2017
      View Details
    • Value Estimation
      $4,185,000
      30,522 SF

      2801 John Hawkins Pkwy

      SHOPPING CENTER, STRIP CENTER • 30,522 SF
      2801 John Hawkins Pkwy, Hoover, AL 35244-4007
      View Details
    • Value Estimation by Request
      17,363 SF

      1725 Montgomery Hwy

      SHOPPING CENTER, STRIP CENTER • 17,363 SF
      1725 Montgomery Hwy, Hoover, AL 35244-2517
      View Details
    • Value Estimation by Request
      30,495 SF

      1721 Montgomery Hwy

      SHOPPING CENTER, STRIP CENTER • 30,495 SF
      1721 Montgomery Hwy, Hoover, AL 35244-1215
      View Details
    • Value Estimation
      $2,950,000
      17,181 SF

      261-9340 Helena Rd

      SHOPPING CENTER, STRIP CENTER • 17,181 SF
      261-9340 Helena Rd, Birmingham, AL 35244
      View Details
    • Value Estimation
      $1,820,000
      12,392 SF

      3049 John Hawkins Pkwy

      SHOPPING CENTER, STRIP CENTER • 12,392 SF
      3049 John Hawkins Pkwy, Hoover, AL 35244-7025
      View Details

    Similar Nearby for Sale

    • $1,200,000
      63,162 SF

      Valleydale Rd Shopping Center Redevelopment

      High-traffic retail center, redevelopment opportunity.
      2025 Valleydale Rd, Hoover, AL 35244
      View Details
    • Contact for pricing

      Prime Retail Opportunity in Hoover

      4.69 acre retail site in dominant Hoover power center.
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    • $1,750,000
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      Southpark Drive Investment

      High-yield, NNN-leased property.
      1820 Southpark Dr, Birmingham, AL 35244
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    • Contact for pricing
      7.50 Acres

      Riverchase Commercial Land - 7.5 Acres

      Prime Hoover location, ample parking, I-65 access.
      0 Concourse Pkwy, Birmingham, AL 35244
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    • $1,700,000
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      Prime Golf Course & Country Club

      18-hole course, clubhouse, event venue
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      1,344 SF

      Hoover Condo with Community Pool

      Charming 2BR/2.5BA condo in Waterford, close to amenities.
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    Similar Nearby for Lease

    • $22 SF/Yr
      1,250 SF

      Retail Space Near Galleria

      Retail space for lease near Riverchase Galleria and Patton Creek.
      3049 John Hawkins Pkwy, Hoover, AL 35244
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    • $30 SF/Yr
      18,609 SF

      Chace Lake Station Retail Space

      Prime Birmingham Retail, High Traffic Area
      4741 Chace Cir, Birmingham, AL 35244
      View Details
    • Contact for pricing
      5,383 SF

      Retail Space in Hoover, AL

      Retail space available in a highly visited shopping center.
      1713-1715 Montgomery Hwy, Hoover, AL 35244
      View Details
    • Contact for pricing
      5,383 SF

      Retail Space in Hoover, AL

      Prime retail opportunity in a high-traffic Hoover shopping center.
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    • Contact for pricing
      22,806 SF

      Southlake Village Retail Spaces

      Birmingham Retail Center, Multiple Units Available
      4524 Southlake Pkwy, Birmingham, AL 35244
      View Details
    • Contact for pricing
      3,326 SF

      Retail Space in Patton Creek

      Retail space available in open-air shopping center.
      160 Main St, Hoover, AL 35244
      View Details
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    Birmingham, AL 35244
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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