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Property profile & analytics
OFF-MARKET Estimated value $555,000
Turn key restaurants

5190 Medford Dr Birmingham, AL 35244-2102

10,662 SF 1.63 ac lot Built 2021
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US03-2612146
Property summary
AI-generated overview

This exceptional Class A retail center, The Shoppes at Hwy 150, offers 11,080 square feet of versatile space in the thriving Hoover, Alabama submarket. Built in 2019, the single-story building features nine suites, with a minimum divisible space of 1,035 square feet and a maximum contiguous space of 1,200 square feet. Currently, 2,235 square feet are available. The property sits on 1.1 acres of land and boasts ample parking with 75 spaces. Its convenient location at 5190 Medford Dr, Hoover, AL 35244 (cross streets: John Hawkins Parkway), places it in close proximity to major retailers and services, including Jubilee Joe's Cajun Seafood (anchor tenant), Starbucks, McDonald's, Sprouts Farmers Market, and Medical Center West. The property is zoned Commercial (APN: 00000000000) and benefits from its position within a high-traffic area. The building is easily accessible and offers excellent visibility. No elevators are present. This is an ideal opportunity for businesses seeking a well-established location in a rapidly growing area. The property's strong tenant mix and prime location make it a highly desirable investment. This is a rare opportunity to secure space in a thriving Hoover retail center.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2021
Total area 10,662 SF
Lot 1.63 ac (71,046 SF)
Zoning code C1
APN 39-00-28-1-000-016.000
UPID US03-2612146
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
Current use
Occupant on record · Public records
  • shopper Food Market Farmer's Market
  • Scenthound Pet Grooming Service
  • Copper Leaf Dental Co. Dental Office
  • Jubilee Joe's Cajun Seafood Restaurant Restaurant
  • Taproot Cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
$749k
Blend (final) Blend
$555k
Owner & transaction history
Shaddoo LLC · 8 yrs held
Shaddoo LLC
since 2018
3 recorded transactions
2018
$1.0M
2016
$2.0M
1969
Price N/A
Zoning & alternative use
C1 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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