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

    2187 Rocky Ridge Ranch Rd, Unit 2187 Hoover, AL 35216

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $200,000

    Two-bedroom home featuring new flooring and expansion potential.

    Property size:
    1,118 SF

    Property Features for 2187 Rocky Ridge Ranch Rd

    General Information

    Size
    1,118 SF

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Shannon Coleman
    Source: Kw

    Listing Agent: Shannon Coleman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Two Bedroom Home with Garage

    This property features 2 bedrooms and 2 full bathrooms. The master bedroom includes a spacious walk-in closet and a private bathroom. New flooring has been installed throughout the home. The basement offers the potential for expansion while still accommodating a car in the garage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hoover
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7860002
    Latitude
    33.3840464

    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
    • $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
    • $249,900

      Riverhaven Condo with Community Amenities

      Three-bedroom condo in gated community with pool and fitness center.
      1322 Riverhaven Pl, Hoover, AL 35244
      View Details

    FAQs

    What type of property is this?
    Single family property - Two-bedroom home featuring new flooring and expansion potential.
    Where is this single family property located?
    The property is located at 2187 Rocky Ridge Ranch Rd, Unit 2187 Hoover, AL.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Motivated Seller; - All new flooring throughout; - Two bedrooms and two full baths
    (205) 274-4731
    Request Owner's contact information
    2187 Rocky Ridge Ranch Rd, Unit 2187 Hoover, AL 35216
    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.
    2187 Rocky Ridge Ranch Rd, Unit 2187
    Hoover, AL 35216
    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
    2187 Rocky Ridge Ranch Rd, Unit 2187 Hoover, AL 35216
    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
    Shannon Coleman
    (205) 274-4731
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.