350 State Farm PkwyHomewood, AL 35209

  • Mixed-use properties
  • 9,054 SF
For Lease
$24/SF/YR View listing

Property Details for 350 State Farm Pkwy

Year built
2000
Lot size
1.31 AC
Property size (Sq ft)
9,054 SF
Zone code
PMUD
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
29-00-26-2-000-022.000
APU
2900262000022000

Description

This exceptional retail opportunity in Homewood, Alabama, offers up to 3,900 square feet of versatile space in a 7,976 square foot building with three suites total. The property is ideally situated in a high-traffic retail corridor along State Farm Parkway and Lakeshore Parkway, benefiting from excellent visibility and accessibility. This end-cap space is shadow-anchored by a Lowe's and enjoys proximity to four hotels: Country Inn & Suites (62 rooms), Hilton Garden Inn (95 rooms), Suburban Studios (127 rooms), and Four Points by Sheraton (108 rooms), ensuring a steady flow of potential customers. The location boasts a strong concentration of national retailers, including AllSouth Appliance, Walmart, Sam's Wholesale Club, Planet Fitness, Hobby Lobby, and PNC Bank, creating a vibrant and attractive retail environment. Two spaces are available, ranging from 1,950 to 3,900 square feet, offering flexibility for various business needs. The property is located at 350 State Farm Parkway, Homewood, AL 35209, in Jefferson County. This prime location offers exceptional potential for businesses seeking high visibility and strong customer traffic in a thriving retail market. The property is categorized as Retail, End Cap, Office, and Service, providing diverse usage possibilities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,914,960
    6.5%
    $1,767,656
    7%
    $1,641,395
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,474,806
    Geo Method
    $1,766,073
  • Alternative Use

    Use
    Valuation
    Residential
    $2,191,893
    Hospitality
    $2,007,762
    Educational
    $1,670,435
    Medical
    $1,727,884
    Retail
    $2,598,454
350 State Farm Pkwy, Homewood, Alabama

Location Insight

City
Birmingham
County
Jefferson
State
Alabama
Latitude
33.4461
Longitude
-86.8291
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
2022
$23,282
$205,200
$136,920
$342,120
-
$1,026,000
$684,600
$1,710,600

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