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Property profile & analytics
OFF-MARKET
Estimated value
$2,385,000
Retail properties & Spaces
101 Ati Pkwy Hoover, AL 35244-3531
Entity Owned
5-yr Hold
Free & Clear
Property ID
US03-0781437
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2016
Total area
18,424 SF
Lot
3.6 ac (156,816 SF)
Zoning code
I2
APN
39-00-28-2-000-002.007
UPID
US03-0781437
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.94M
Blend (final)
Blend
$2.39M
Owner & transaction history
National Retail Properties LP · 5 yrs held
National Retail Properties LP
since 2021
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
I2 · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.7M
+128.7%
Medical building
$3.3M
+101.9%
Office building
$3.1M
+88.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hoover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hoover submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,330,000
ML approach
$2,325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$1,625,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,715,000
Change: +129% · Conversion: Difficult
MEDICAL BUILDING
$3,280,000
Change: +102% · Conversion: Difficult
OFFICE BUILDING
$3,070,000
Change: +89% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,965,000
Change: +83% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,475,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$2.39M
Range $2.15M – $2.62M · ±10% · vs last sale $2.53M (Mar 16 2021)
Last sale anchor
$2.53M
Mar 16 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$129 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$37,141
Tax year 2022
Assessed value
$586,540
Assessed 2023
Previous assessed
$511,580
+14.7% YoY
Effective rate
6.33%
On assessed value
Assessed land
$329,320
Assessed improvement
$257,220
Land market value
$1,646,600
Improvement market value
$1,286,100
Total market value
$2,932,700
Applied tax rate
66.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
2016
Heating
SPACE
Cooling
YES
Stories
1
Total area
18,424 SF
Lot
3.6 ac (156,816 SF)
Zoning code
I2
APN
39-00-28-2-000-002.007
UPID
US03-0781437
Jurisdiction
JEFFERSON
Zoning & alternative use
I2 · Hoover, AL
Zoning I2 · permitted uses
I2 · Hoover, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hoover. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.5M
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Heating
SPACE
Cooling
Yes
Stories
1
Lot
3.6 ac
Current owner
From public records · entity-resolved
National Retail Properties LP
Entity
Free & Clear · 5 yrs held
Mailing address
450 S ORANGE AVE STE #900, ORLANDO, FL 32801-3339
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2021
$2,530,000
National Retail Properties LP
D & H Partners Ltd
Special Warranty Deed
—
Apr 26, 2016
—
D & H Partners Ltd
—
Deed Of Trust
related
$1,250,000 · Trustmark Nat'l Bk
Jul 17, 2015
$618,000
D & H Partners Ltd
Beers Evelyn & Greg
Warranty Deed
—
—
—
Evelyn Beers
—
Deed Of Trust
related
$95,000 · Wells Fargo Bk
—
—
Evelyn Beers
—
Deed Of Trust
related
$175,000 · Wells Fargo Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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