4501 Southlake PkwyHoover, AL 35244

Property Details for 4501 Southlake Pkwy

Year built

2011

Lot size

0.05 AC

Property size (Sq ft)

2,215 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

104200992003000

APU

104200992003000

Description

This exceptional Class A medical office building, located at 4501 Southlake Parkway, Hoover, Alabama 35244, presents a compelling investment opportunity. The property encompasses 7,240 square feet, divided into two suites, and boasts a strong 100% occupancy rate. Currently under a Net Lease (NNN) agreement with a credit-rated tenant, the lease commenced June 18, 2021, and extends to June 17, 2033, offering a substantial remaining lease term of approximately 8.6 years, with a single 5-year renewal option. The building, constructed in 2011, is a two-story structure with ample parking (65 spaces per 1,000 sq ft). The property generates a significant Net Operating Income (NOI) of $215,869, resulting in an attractive 6.50% capitalization rate. The asking price is $3,320,000, translating to a price per square foot of $458.56. Situated in a high-traffic area with over 26,000 cars passing daily, this investment benefits from excellent visibility and accessibility. The property's location within Shelby County, Alabama, offers proximity to numerous developments along Valleydale Road, further enhancing its long-term value and potential. This stabilized healthcare investment presents a rare opportunity for long-term growth and passive income generation.

• CAP approach

  CAP return

  Valuation

  6%

  $468,482

  6.5%

  $432,445

  7%

  $401,556

• Comparable approach

  Method

  Valuation

  Relative Method

  $360,801

  Geo Method

  $432,058

• Alternative Use

  Use

  Valuation

  Residential

  $536,232

  Hospitality

  $491,186

  Educational

  $408,661

  Medical

  $422,715

  Retail

  $635,694

Location Insight

City

Hoover

County

Shelby

State

Alabama

Latitude

33.3596

Longitude

-86.7726

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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