5576 Grove BlvdHoover, AL 35226

Property Details for 5576 Grove Blvd

Year built

2011

Lot size

1.70 AC

Property size (Sq ft)

4,657 SF

Zone code

PC

Property type

Banks

APN

39-00-28-1-000-007.000

APU

3900281000007000

Description

This exceptional 4,500-square-foot executive office space is ideally situated in the highly desirable Hoover submarket of Jefferson County, Alabama. Located at 5576 Grove Blvd, zip code 35226, this single-tenant property offers a unique opportunity for businesses seeking a prominent and easily accessible location. The building is a freestanding structure, previously utilized as a bank branch, providing a high-profile presence and ample visibility. The property boasts a total of 20 parking spaces, ensuring convenient parking for employees and clients. The entire 4,500 square feet is currently vacant and ready for immediate occupancy, allowing for complete customization to suit a tenant's specific needs and branding. Its location within The Hoover submarket provides easy access to major transportation routes, amenities, and a thriving business community. This is a rare opportunity to secure a high-quality, freestanding executive office space in a prime Hoover location. The property is available for lease and offers a blank canvas for a discerning tenant seeking a prestigious and functional workspace. The address is 5576 Grove Blvd, Hoover, AL 35226.

• CAP approach

  CAP return

  Valuation

  6%

  $1,137,860

  6.5%

  $1,050,330

  7%

  $975,310

• Comparable approach

  Method

  Valuation

  Relative Method

  $788,922

  Geo Method

  $944,730

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,060,330

  Mixed-Use / Specialty

  $1,041,710

  Hospitality / Lodging

  $757,914

  Office

  $1,030,440

  Institutional / Educational

  $1,081,210

  Residential Income

  $1,265,020

  Multifamily

  $1,544,250

  Automotive / Energy

  $926,754

  Parking / Income-Based Land

  $324,633

  Restaurant / Food Service

  $531,384

  Healthcare / Senior Housing

  $1,073,260

Location Insight

City

Hoover

County

Jefferson

State

Alabama

Latitude

33.359

Longitude

-86.8517

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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