1849 Data DrHoover, AL 35244

Property Details for 1849 Data Dr

Year built

1986

Construction

STEEL FRAME

Lot size

3.35 AC

Property size (Sq ft)

21,923 SF

Zone code

PO

Property type

Office properties

APN

40-00-18-3-000-004.000

APU

4000183000004000

Description

This exceptional office property, located at 1849 Data Drive in Hoover, Alabama, offers a variety of spaces to suit your business needs. The building, a three-story Class B structure built in 1986 and renovated in 2008, boasts a total of 30,000 square feet, with 8,781 square feet currently available for lease. The available space is situated on the third floor and offers flexible options ranging from smaller suites to larger blocks of space. The property sits on a 3.5-acre lot and provides ample parking at a ratio of 4 spaces per 1,000 square feet. Enjoy a Class A lobby and reception area, adding a touch of sophistication to your business operations. This location offers a significant advantage with no city occupational taxes. Its strategic location near the Riverchase Galleria provides easy access to a wide array of amenities, including restaurants, hotels, and banking facilities. Furthermore, its convenient access to Interstates 65 and 459 ensures seamless commutes for your employees and clients. The property is available for occupancy on October 1, 2024. This is a rare opportunity to secure high-quality office space in a thriving Hoover submarket, within the Pelham submarket cluster, and with a zip code of 35244. The property is suitable for executive, creative, or traditional office uses.

• CAP approach

  CAP return

  Valuation

  6%

  $4,636,810

  6.5%

  $4,280,132

  7%

  $3,974,409

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,571,037

  Geo Method

  $4,276,300

• Alternative Use

  Use

  Valuation

  Residential

  $5,307,364

  Hospitality

  $4,861,517

  Educational

  $4,044,725

  Medical

  $4,183,830

  Retail

  $6,291,794

Location Insight

City

Hoover

County

Jefferson

State

Alabama

Latitude

33.375

Longitude

-86.7953

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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