3057 Lorna RdBirmingham, AL 35216

Property Details for 3057 Lorna Rd

Year built

1989

Lot size

1.01 AC

Property size (Sq ft)

21,350 SF

Zone code

CP

Property type

Office properties

APN

39-00-12-1-002-001.000

APU

3900121002001000

Description

This exceptional office space, located at 3057 Lorna Rd in Birmingham, Alabama, 35216, offers 2,224 square feet of versatile space within the Georgetown Plaza building. Built in 1989, this two-story building provides a blend of traditional and creative office environments, perfect for a variety of businesses. The property features a single building with multiple tenants and is currently offering one available space. The space boasts a "like new" condition, thanks to excellent ongoing maintenance. Tenants benefit from a full-service lease encompassing all utilities and janitorial services, ensuring a hassle-free move-in experience. The location is highly desirable, offering easy access to major roadways including I-65, Highway 31, and Lorna Road, providing excellent accessibility for employees and clients. The building enjoys high visibility due to its prominent location near major retailers and businesses such as Publix, Regions Bank, Wells Fargo, Golden Rule, McDonald's, Shipley Do-Nuts, and Starbucks. Ample curbside parking is available for convenience. The attractive architecture and landscaping enhance the professional image of the property. This is a move-in ready space offering excellent value and flexible lease terms. The property is ideally suited for office or professional use.

• CAP approach

  CAP return

  Valuation

  6%

  $4,515,618

  6.5%

  $4,168,263

  7%

  $3,870,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,477,701

  Geo Method

  $4,164,531

• Alternative Use

  Use

  Valuation

  Residential

  $5,168,646

  Hospitality

  $4,734,452

  Educational

  $3,939,008

  Medical

  $4,074,477

  Retail

  $6,127,346

Location Insight

City

Hoover

County

Jefferson

State

Alabama

Latitude

33.4036

Longitude

-86.8039

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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