Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1847 Wisterwood Dr Hoover, AL 35226

    Sponsored
    For Sale
    $39,000

    Lots - HOOVER, AL

    Lot size:
    0.48 Acres
    Days on Market:
    152
    Last Refresh:
    Feb 7 at 4:06 pm

    Property Features for 1847 Wisterwood Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.48 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jana Clark
    Jana Clark

    LAH Real Estate (205) 440-4740

    Listing agent Jana Clark (205) 440-4740

    Listing date Sep 9, 2025

    MLS# 21430705 Listing URL

    Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Wooded Lots in Shadesville Subdivision

    This listing features three wooded lots, offering a building opportunity within the established Shadesville subdivision. The combined area of the lots is approximately 0.48 acres. Each lot measures about 50' x 140', and their addresses are 1847, 1849, and 1851 Wisterwood Drive. Lot 1847 is zoned for the City of Hoover, while lots 1849 and 1851 are located in unincorporated Jefferson County. The location offers the possibility for basement homes. There are no HOA or Covenants & Restrictions. The property is conveniently located near Patton Chapel Road, Highway 31, and I-459.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Big Box & Wholesale Store Dental Office Auto Repair Shop Spa & Massage Center Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hoover
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.812769
    Latitude
    33.386523

    Nearby Similar for Sale

    • $650,000
      0.75 Acres

      Hoover Office Building For Sale

      Office building in Hoover, Alabama, with high traffic count.
      3041 Lorna Rd, Hoover, AL 35216
      View Details
    • $1,100,000
      10,176 SF

      Hoover Multifamily Investment Opportunity

      Well-maintained, renovated 8-unit multifamily property in desirable Hoover, AL.
      3252 Warringwood Dr, Hoover, AL 35216
      View Details
    • $455,000

      European-Inspired Townhome in Gated Community

      Three-story townhome with finished basement, modern kitchen, and recent updates.
      373 Heritage Dr, Hoover, AL 35216
      View Details
    • $240,000
      1,704 SF

      Updated Townhome with Community Amenities

      Updated townhome featuring community amenities, custom kitchen, and spacious master.
      3655 Haven View Cir, Hoover, AL 35216
      View Details
    • $445,527
      1,837 SF

      New Townhome Near Moss Rock

      Three-bedroom townhome in walkable community near Moss Rock Preserve.
      464 Preserve Pkwy, Hoover, AL 35226
      View Details
    • $299,900
      1,734 SF

      Updated Home in Riverchase/Hoover

      Spacious, updated 3-bed, 2.5-bath home in a prime location.
      20 Chase Plantation Pkwy, Hoover, AL 35244
      View Details
    • $447,875
      1,837 SF

      Spacious Townhome Near Moss Rock

      Three-bedroom townhome with open layout, close to amenities and parks.
      474 Preserve Pkwy, Hoover, AL 35226
      View Details
    • Contact for pricing
      33,240 SF

      Remodeled Office Building in Hoover

      Three-story office building with convenient access and modern amenities.
      3100 Lorna Rd, Hoover, AL 35216
      View Details
    • $159,900
      1,512 SF

      Charming Home in Hoover

      Well-maintained 2-bedroom home with community amenities and convenient location.
      1665 Patton Chapel Rd, Hoover, AL 35226
      View Details
    • $399,900
      1,863 SF

      Ross Bridge Townhome

      Stylish 3-bedroom townhome with community amenities in Ross Bridge.
      2389 Village Center St, Hoover, AL 35226
      View Details
    • $370,000

      Updated Townhome with Golf Views

      End-unit townhome with golf course views and unfinished basement.
      3111 Chestnut Oaks Dr, Hoover, AL 35244
      View Details
    • $265,900
      1,914 SF

      Charming Townhome in Riverchase

      2-bedroom, 2.5-bath townhome in the Riverchase neighborhood.
      608 Mountain Laurel Ct, Hoover, AL 35244
      View Details

    FAQs

    What type of property is this?
    Land - Three wooded lots totaling approximately 0.48 acres in Hoover, AL.
    Where is this land located?
    The property is located at 1847 Wisterwood Dr Hoover, AL.
    What is the asking price?
    The asking price for this property is $39,000.
    What are key features of this property?
    This property features: - Prime Hoover location with convenient access to Patton Chapel Road, Highway 31, and I-459.; - Opportunity to build basement homes.; - Three wooded lots totaling approximately .48 acres.
    (205) 381-2444
    Request Owner's contact information
    1847 Wisterwood Dr Hoover, AL 35226
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1847 Wisterwood Dr
    Hoover, AL 35226
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1847 Wisterwood Dr Hoover, AL 35226
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jana Clark
    Jana Clark
    Real Estate License ID: 107022
    (205) 381-2444
    Learn more
    Google sign-in failed. Please try again or use another login method.