Add Listing
    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

    3421 Smith Farm Dr Hoover, AL 35226

    View on Map
    Sponsored
    For Sale
    $159,575

    Lots - HOOVER, AL

    Lot size:
    0.51 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 11 at 4:06 am

    Property Features for 3421 Smith Farm Dr

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Harold Collins
    Harold Collins

    eXp Realty Central (205) 283-1054

    Listing agent Harold Collins (888) 923-5547

    Listing date Mar 7, 2026

    MLS# 21445762 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

    Residential Lots in Bluff Park

    These residential lots offer the opportunity to build a custom home in the historic community of Bluff Park. The property features large, level lots situated on cul-de-sacs, complemented by sidewalks and streetlights. Utilities, including cable, phone, and power, are located underground. The location is near Shades Cliff Pool and less than 5 minutes from Bluff Park Elementary. This property is located in Smith Farms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Building Supply Big Box & Wholesale Store Department Store Kitchen & Bath Showroom Daycare Center HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Hoover
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.839171
    Latitude
    33.408621

    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
    • $1,350,000

      Medical Office Space For Sale

      Located in Hoover near I-65 and Hwy. 31.
      3055 Lorna Rd, Hoover, AL 35216
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office space in Hoover, near major highways.
      3055 Lorna Rd, Hoover, AL 35216
      View Details
    • Contact for pricing

      Retail Space For Sale

      Retail space available for purchase in Hoover, Alabama.
      3133 Lorna Rd, Hoover, AL 35216
      View Details
    • Contact for pricing

      Remodeled Office Building in Hoover

      Three-story office building with convenient access and modern amenities.
      3100 Lorna Rd, Hoover, AL 35216
      View Details
    • $1,199,000
      4,443 SF

      Hoover Flex-Office Building For Sale

      Freestanding flex-office building with warehouse space and developable land.
      1945 Patton Chapel Rd, Hoover, AL 35216
      View Details
    • Contact for pricing

      Prime Retail Opportunity in Hoover

      4.69 acre retail site in dominant Hoover power center.
      5569 Grove Blvd W, Hoover, AL 35244
      View Details
    • $4,750,000

      Office Building with Warehouse Space

      Two-story office building with warehouse in Hoover, Alabama.
      2111 Parkway Office Cir, Hoover, AL 35244
      View Details
    • $1,100,000

      Hoover Multifamily Investment Opportunity

      Well-maintained, renovated 8-unit multifamily property in desirable Hoover, AL.
      3252 Warringwood Dr, Hoover, AL 35216
      View Details
    • $650,000
      0.75 Acres

      Hoover Office Building - Cash Offer Only

      High-traffic location, occupied building, lease in place.
      3041 Lorna Rd, Hoover, AL 35216
      View Details
    • $210,000

      Hoover Condo with Community Pool

      Charming 2BR/2.5BA condo in Waterford, close to amenities.
      1935 Waterford Pl, Hoover, AL 35244
      View Details
    • $1,200,000
      63,162 SF

      Valleydale Rd Shopping Center Redevelopment

      High-traffic retail center, redevelopment opportunity.
      2025 Valleydale Rd, Hoover, AL 35244
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large, level lots in historic Bluff Park community.
    Where is this residential land & home lot located?
    The property is located at 3421 Smith Farm Dr Hoover, AL.
    What is the asking price?
    The asking price for this property is $159,575.
    What are key features of this property?
    This property features: - Large, level lot suitable for building a custom home.; - Located in the desirable Bluff Park area.; - Opportunity to choose your own builder.
    (205) 919-1861
    Request Owner's contact information
    3421 Smith Farm 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.
    3421 Smith Farm 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
    3421 Smith Farm 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
    Harold Collins
    Harold Collins
    Real Estate License ID: 100777
    (205) 919-1861 (888) 923-5547 (205) 281-1864
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!