520 Mineral TrceHoover, AL 35244

Property Details for 520 Mineral Trce

Year built

2000

Lot size

1.23 AC

Property size (Sq ft)

9,790 SF

Zone code

PUD/PI

Property type

Office properties

Property subtype

Other office properties

APN

39-00-33-4-000-001.007

APU

3900334000001007

Description

This exceptional Class A office building, totaling 9,250 square feet, offers a diverse range of workspace solutions. Built in 2000 and extensively renovated in 2023, the single-story building provides a contemporary and efficient work environment. The property features both coworking spaces and traditional private offices, with executive suites also available. Units are available from a minimum of 200 square feet, with 600 square feet currently vacant. The building boasts ample parking with 50 spaces available for tenants. Its strategic location in the heart of Stadium Trace, adjacent to the Hoover Met and Finley Center, offers unparalleled convenience and accessibility. Minutes from I-459, the property benefits from its proximity to thriving residential and retail areas. Shared amenities include a fully equipped kitchen with a coffee bar, a convenient copier/printer/scanner area, a dedicated conference room, and an inviting outdoor patio. Leases for private offices include essential furniture (chair/desk), high-speed WiFi, all utilities, janitorial services, and full access to all shared amenities. This is an ideal location for businesses seeking a modern, well-maintained, and conveniently located office space in a vibrant area. Multiple tenancy options are available to accommodate various business needs and sizes.

• CAP approach

  CAP return

  Valuation

  6%

  $2,070,628

  6.5%

  $1,911,349

  7%

  $1,774,824

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,594,693

  Geo Method

  $1,909,637

• Alternative Use

  Use

  Valuation

  Residential

  $2,370,072

  Hospitality

  $2,170,974

  Educational

  $1,806,224

  Medical

  $1,868,343

  Retail

  $2,809,682

Location Insight

City

Hoover

County

Jefferson

State

Alabama

Latitude

33.3342

Longitude

-86.8521

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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