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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Office Spaces
1232 Blue Rdg Blvd Hoover, AL 35226-3032
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US03-0374428
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1995
Total area
5,737 SF
Lot
0.66 ac (28,833 SF)
Zoning code
CP
APN
29-00-35-2-008-002.000
UPID
US03-0374428
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
$855k
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$850k
Owner & transaction history
Weldone Bhm LLC · 3 yrs held
Weldone Bhm LLC
since 2023
Last sale
$850,000
3 recorded transactions
Zoning & alternative use
CP · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.2M
+50.0%
Medical building
$1.0M
+32.4%
Office building
$960,000
+24.4%
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
$935,000
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
$1,110,000
6.5%
$1,025,000
7%
$950,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$770,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,155,000
Change: +50% · Conversion: Moderate
MEDICAL BUILDING
$1,020,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$960,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$925,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$700,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Mar 2 2023)
Last sale anchor
$850k
Mar 2 2023
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
$148 / 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
$10,395
Tax year 2022
Assessed value
$168,180
Assessed 2023
Previous assessed
$143,180
+17.5% YoY
Effective rate
6.18%
On assessed value
Assessed land
$28,840
Assessed improvement
$139,340
Land market value
$144,200
Improvement market value
$696,700
Total market value
$840,900
Applied tax rate
23.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1995
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
5,737 SF
Lot
0.66 ac (28,833 SF)
Zoning code
CP
APN
29-00-35-2-008-002.000
UPID
US03-0374428
Jurisdiction
JEFFERSON
Zoning & alternative use
CP · Hoover, AL
Zoning CP · permitted uses
CP · 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
COMMERCIAL (GENERAL) Current
Est. value
$770,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING
Est. value
$960,000
AUTO REPAIR, GARAGE
Est. value
$925,000
RETAIL STORES
Est. value
$700,000
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1995
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Weldone Bhm LLC
Entity
Mailing address
260 OXMOOR PL, BIRMINGHAM, AL 35211-6443
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2023
$850,000
Weldone Bhm LLC
Blalock Investments LLP
Warranty Deed
$680,000 · Central State Bank
Mar 28, 1997
—
Investments LLP Blalock
B & O Investment
Grant Deed
related
—
—
—
Blalock Investments LLP
—
Deed Of Trust
related
$129,856 · Branch Bk&tr
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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