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    1535 Montgomery Hwy Hoover, AL 35216

    • Motels
    • 26,954 SF
    • 1.67 lot acres
    For Sale
    View listing
    $2,480,000
    Value Estimation
    Last Sale
    Jul 20, 2023
    $2,250,000
    Location Intelligence
    Property ID
    US03-2245799
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Motels

    Property Details for 1535 Montgomery Hwy

    Year built
    1965
    Lot size
    1.67 lot acres
    Property size
    26,954 SF
    Zone code
    C2
    Property type
    Motels
    APN
    39-00-01-3-001-002.001
    APU
    3900013001002001

    Description

    This exceptional 1.71-acre commercial property at 1535 Montgomery Highway in Hoover, Alabama, presents a unique investment opportunity. Currently operating as a 34-room, two-story motel with high visibility at the corner of I-65 and Highway 31, this property boasts significant income potential. The motel features a mix of room configurations, including 10 double bed rooms, 22 king bed rooms, and 2 full-sized bed rooms

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,880,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,370,000
      6.5%
      $2,135,000
      7%
      $2,470,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,990,000
      Geo Method
      $1,975,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,990,000
      Retail
      $1,970,000
      Mixed-Use
      $2,640,000
      Hospitality
      $2,585,000
      Educational
      $2,735,000
      Residential Income
      $2,110,000
      Energy
      $2,105,000
      Income-Based Land
      $2,160,000
      Food Service
      $2,560,000

    Location Insight

    • Map
    • Local Demand
    City
    Hoover
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8058
    Latitude
    33.4108
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $16,210
    $261,240
    $146,440
    $407,680
    -
    $1,306,200
    $732,200
    $2,038,400

    Comparable in this City

    • Value Estimation by Request
      40,872 SF

      1466 Montgomery Hwy

      MOTEL • 40,872 SF
      1466 Montgomery Hwy, Vestavia Hills, AL 35216-3607
      View Details
    • Value Estimation by Request
      4,443 SF

      1945 Patton Chapel Rd

      Medical offices • 4,443 SF
      1945 Patton Chapel Rd, Hoover, AL 35216
      View Details
    • Value Estimation by Request
      0.36 Acres

      279 Vesclub Dr

      VACANT COMMERCIAL LAND • 0.36 Acres
      279 Vesclub Dr, Birmingham, AL 35216
      View Details
    • Value Estimation by Request
      0.37 Acres

      275 Vesclub Dr

      VACANT COMMERCIAL LAND • 0.37 Acres
      275 Vesclub Dr, Birmingham, AL 35216
      View Details
    • Value Estimation by Request
      1.04 Acres

      2437 Vestavia Dr

      VACANT COMMERCIAL LAND • 1.04 Acres
      2437 Vestavia Dr, Vestavia, AL 35216-1333
      View Details
    • Value Estimation by Request
      0.30 Acres

      1709 Vestavia Pkwy

      VACANT COMMERCIAL LAND • 0.30 Acres
      1709 Vestavia Pkwy, Vestavia, AL 35216-3752
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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    • Contact for pricing
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      Class A medical retail space, 5,558 sq ft available.
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    • $42 SF/Yr
      12,433 SF

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      Prime Vestavia Hills retail opportunity.
      1459 Montgomery Hwy, Vestavia Hills, AL 35216
      View Details
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    1535 Montgomery Hwy
    Hoover, AL 35216
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    Realmo Value Estimation

    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.

    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.

    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
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