2 Riverchase RdgHoover, AL 35244

  • Office properties
  • 12,912 SF
For Lease
$18/SF/YR View listing

Property Details for 2 Riverchase Rdg

Year built
1999
Construction
WOOD
Lot size
1.49 AC
Property size (Sq ft)
12,912 SF
Property type
Office properties
Property subtype
Office buildings
APN
109300001004039
APU
109300001004039

Description

This exceptional executive office space, located at 2 Riverchase Ridge in Hoover, Alabama, offers a prime opportunity for businesses seeking a prestigious address in Shelby County. The property, known as Riverchase Ridge, boasts a total of 12,416 square feet, with a significant portion currently available for lease. A single, sizable suite of 2,477 square feet is immediately ready for occupancy. The building is classified as a multi-tenant property, providing a collaborative and professional environment. The convenient location in Hoover, Alabama, zip code 35244, offers easy access to major transportation routes and amenities. This is an ideal space for businesses seeking a modern and efficient workspace in a thriving community. The property's classification as "Executive Office" speaks to its high-quality finishes and professional atmosphere. With ample square footage available, this location presents a unique opportunity to establish or expand your business in a desirable setting. The available space is ready for immediate occupancy, allowing for a quick and seamless transition. Contact us today to schedule a viewing and explore the possibilities of making Riverchase Ridge your new business home. The property is situated in Shelby County, Alabama, offering access to a robust local economy and a strong workforce.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,730,944
    6.5%
    $2,520,872
    7%
    $2,340,810
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,103,236
    Geo Method
    $2,518,615
  • Alternative Use

    Use
    Valuation
    Residential
    $3,125,881
    Hospitality
    $2,863,290
    Educational
    $2,382,224
    Medical
    $2,464,152
    Retail
    $3,705,681
2 Riverchase Rdg, Hoover, Alabama

Location Insight

City
Hoover
County
Shelby
State
Alabama
Latitude
33.3551
Longitude
-86.7865
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
$20,058
-
-
$299,260
-
$371,280
$1,124,960
$1,496,240

FAQs

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