40 Inverness Center PkwyBirmingham, AL 35242

Property Details for 40 Inverness Center Pkwy

Year built

1985

Lot size

50.39 AC

Property size (Sq ft)

132,501 SF

Property type

Office buildings

APN

27350001004002

APU

27350001004002

Description

Inverness Center North, a Class A office park in Birmingham, Alabama, offers 448,004 square feet of executive office space currently available for lease. Located at 40, 42, and 44 Inverness Center Parkway in Shelby County (zip code 35242), this property boasts a prime location along Highway 280, within the desirable Highway 280/I-459 submarket in Hoover, Alabama. The minimum leasable space is 1,500 square feet, with the potential to lease up to the entire 448,004 square feet contiguously. This exceptional property benefits from superior access to major highways and a lush natural setting. The surrounding area offers a rich amenity base, including high-end retail, service retail, banking, daycare, and top-rated restaurants. Furthermore, the property is situated near Memorial Lake, providing walking trails and scenic views, and is part of the Inverness Center Master Planned Urban Development (PUD), presenting opportunities for luxury living and adjacent retail development. A 10+ acre tract is available for multi-family or senior living development, and a five-acre tract is available for retail development. Abundant surface parking is available. This is an unparalleled opportunity to secure office space in a thriving, amenity-rich community.

• CAP approach

  CAP return

  Valuation

  6%

  $28,024,540

  6.5%

  $25,868,806

  7%

  $24,021,034

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,583,084

  Geo Method

  $25,845,646

• Alternative Use

  Use

  Valuation

  Residential

  $32,077,318

  Hospitality

  $29,382,652

  Educational

  $24,446,022

  Medical

  $25,286,758

  Retail

  $38,027,144

Location Insight

City

Hoover

County

Shelby

State

Alabama

Latitude

33.4232

Longitude

-86.7104

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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