3585 Lorna Ridge DrHoover, AL 35216

Property Details for 3585 Lorna Ridge Dr

Year built

1986

Lot size

0.27 AC

Property size (Sq ft)

5,032 SF

Zone code

CP

Property type

Office properties

Property subtype

Other office properties

APN

40-00-07-3-001-052.014

APU

4000073001052014

Description

This exceptional two-story, 5,052 square foot office building is situated in the heart of Hoover, Alabama, at 3585 Lorna Ridge Drive, 35216. Built in 1986, this Class B property boasts a convenient location less than two minutes from the I-459/Highway 31 exit (Hoover Galleria exit), providing easy access to major transportation arteries. The building sits on a 0.27-acre lot and is zoned CP. The interior features ten offices, two conference rooms, and a shared common area on each floor, offering ample space for a variety of professional uses. Four bathrooms are conveniently located throughout the building. The property benefits from updated HVAC systems, ensuring comfortable year-round operation. A large unfinished attic provides additional storage potential. The building's proximity to the Riverchase Galleria, one of the Southeast's largest shopping malls, offers employees and clients a wide array of dining and retail options. This well-maintained brick building presents a compelling opportunity for businesses seeking a prominent presence in a thriving commercial district. The property's strategic location near the I-65/I-459 interchange further enhances its appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $1,064,290

  6.5%

  $982,422

  7%

  $912,248

• Comparable approach

  Method

  Valuation

  Relative Method

  $819,662

  Geo Method

  $981,542

• Alternative Use

  Use

  Valuation

  Residential

  $1,218,203

  Hospitality

  $1,115,867

  Educational

  $928,388

  Medical

  $960,317

  Retail

  $1,444,160

Location Insight

City

Hoover

County

Jefferson

State

Alabama

Latitude

33.3932

Longitude

-86.7919

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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