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    2134 Clearbrook Rd Hoover, AL 35226
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    2134 Clearbrook Rd, Hoover, AL 35226

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    • Office Spaces
    • 0.60 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 2134 Clearbrook Rd

    Lot size
    0.60 lot acres
    Property type
    Office Spaces
    Property subtype
    Land

    Description

    This exceptional 0.6-acre land parcel presents a unique investment opportunity in Hoover, Alabama. Located at 2134 Clearbrook Road, this property sits adjacent to the thriving Shades Mountain Plaza retail center, benefiting from its established presence and high foot traffic. The lot offers approximately 0.41 acres of buildable land, ideal for office development. The property's strategic location enjoys high visibility and accessibility, with Tyler Road experiencing approximately 8,500 cars per day. The surrounding area is characterized by a dense concentration of high-income residential properties, ensuring a strong potential customer base. Further enhancing the property's value is the recent $9.5 million renovation and expansion of the retail center across the street, which now includes a new Piggly Wiggly grocery store. The neighboring building is currently occupied by a physician's office, indicating a strong existing medical presence in the immediate vicinity. This property is zoned for office use and offers significant potential for a variety of commercial developments. The asking price is $225,000. This is a rare opportunity to acquire a prime commercial lot in a high-demand area of Hoover, Alabama. The property is located in Jefferson County, Alabama, zip code 35226.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hoover
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8446
    Latitude
    33.415

    Comparable in this City

    • Value Estimation
      $515,000
      3,276 SF

      2736 Tyler Rd

      OFFICE (GENERAL)
      2736 Tyler Rd, Vestavia, AL 35226-3902
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      $5,475,000
      28,844 SF

      100 Century S Park

      OFFICE (GENERAL)
      100 Century S Park, Birmingham, AL 35226-3949
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    • Value Estimation
      $3,405,000
      39,610 SF

      450 Century S Park

      OFFICE (GENERAL)
      450 Century S Park, Birmingham, AL 35226-3941
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    • Value Estimation by Request
      2,064 SF

      584 Shades Crst Rd

      OFFICE (GENERAL)
      584 Shades Crst Rd, Hoover, AL 35226-1204
      View Details
    • Value Estimation by Request
      1,824 SF

      1169 Alford Ave

      OFFICE (GENERAL)
      1169 Alford Ave, Hoover, AL 35226-1955
      View Details
    • Value Estimation
      $1,255,000
      29,496 SF

      700 Century S Park

      OFFICE (GENERAL)
      700 Century S Park, Birmingham, AL 35226-3943
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,906 SF

      Multi-Unit Office Building For Sale

      Well-located office building with significant rent repositioning upside.
      2173 Clearbrook Rd, Hoover, AL 35226
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    • $49,900
      0.42 Acres

      Residential Land in Bluff Park

      Rare 0.42 acre lot in Hoover's desirable Bluff Park.
      418 Cambo Ln, Hoover, AL 35226
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    • $45,000
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      Vacant Lot in Hoover

      Vacant wooded lot in Hoover near shopping, dining, and entertainment.
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      Land in Hoover, Alabama

      8.7 acres of residential land in Hoover, Alabama.
      3505 Chapel Ln, Hoover, AL 35226
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    • $225,000

      Corner Lot Near Retail Center

      0.41 acre corner lot near Shades Mountain Plaza.
      2134 Clearbrook Rd, Hoover, AL 35226
      View Details
    • $389,999
      0.60 Acres

      Residential Lot on Golf Course

      Spacious 0.60 acre lot on Ross Bridge golf course.
      1795 Glasscott Trl, Hoover, AL 35226
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    Similar Nearby for Lease

    • $18 SF/Yr

      Century Park South Office Space

      Office suites available in a multi-tenant office park.
      100 Century Park South, Birmingham, AL 35226
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    • Contact for pricing

      Freestanding Former Bank Branch Sublease

      Freestanding former bank branch available for sublease in Hoover.
      5576 Grove Blvd, Hoover, AL 35226
      View Details
    • $32 SF/Yr

      Freestanding Former Bank Branch Sublease

      Freestanding +/- 4,500 SF former bank branch with drive-thru.
      5576 Grove Blvd, Hoover, AL 35226
      View Details
    • Contact for pricing
      4,000 SF

      Restaurant/Retail Space For Rent

      Recently renovated restaurant/retail space with ample parking.
      742-770 Shades Mountain Plz, Hoover, AL 35226
      View Details
    • Contact for pricing

      Former Bank in Hoover Outparcel

      4,367 SF former bank branch available for lease.
      5576 Grove Blvd, Hoover, AL 35226
      View Details
    • Contact for pricing

      Retail Space in Grove Shopping Center

      Retail outparcel available in Hoover, Alabama's Grove Shopping Center.
      5513 Grove Blvd, Hoover, AL 35226
      View Details
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    2134 Clearbrook Rd
    Hoover, AL 35226
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    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
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    2134 Clearbrook Rd, Hoover, AL, 35226
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