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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Office Spaces
1313 Alford Ave Hoover, AL 35226-3127
Entity Owned
6-yr Hold
Free & Clear
Property ID
US03-0572653
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1994
Total area
4,115 SF
Lot
0.32 ac (13,939 SF)
Zoning code
C2
APN
29-00-35-2-001-001.000
UPID
US03-0572653
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
by Request
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$858k
Blend (final)
Blend
$720k
Owner & transaction history
Cornerstone Invest LLC · 6 yrs held
Cornerstone Invest LLC
since 2020
7 recorded transactions
Zoning & alternative use
C2 · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+101.1%
Medical building
$730,000
+32.4%
Office building
$690,000
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$735,000
7%
$685,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$555,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,110,000
Change: +101% · Conversion: Difficult
MEDICAL BUILDING
$730,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$690,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$665,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$505,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$720k
Range $648k – $792k · ±10%
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
$175 / 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
$7,741
Tax year 2022
Assessed value
$131,280
Assessed 2023
Previous assessed
$106,620
+23.1% YoY
Effective rate
5.90%
On assessed value
Assessed land
$23,700
Assessed improvement
$107,580
Land market value
$118,500
Improvement market value
$537,900
Total market value
$656,400
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
1994
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
4,115 SF
Lot
0.32 ac (13,939 SF)
Zoning code
C2
APN
29-00-35-2-001-001.000
UPID
US03-0572653
Jurisdiction
JEFFERSON
Zoning & alternative use
C2 · Hoover, AL
Zoning C2 · permitted uses
C2 · 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
$555,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$730,000
OFFICE BUILDING
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$665,000
RETAIL STORES
Est. value
$505,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1994
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Cornerstone Invest LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1313 ALFORD AVE, HOOVER, AL 35226-3127
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2026
—
Three 7 Capital LLC
—
Deed
related
$100,000 · Community Bank Of Mississippi
Nov 20, 2020
—
Three 7 Capital LLC
—
Deed
related
$100,000 · Cadence Bk NA
Jan 6, 2020
$50,000
Cornerstone Invest LLC
Venture South LLC
Warranty Deed
—
Oct 29, 2018
—
Three 7 Capital LLC
—
Deed
related
$100,000 · Cadence Bk NA
Nov 20, 2017
—
Three 7 Capital LLC
—
Deed
related
$100,000 · Cadence Bank
Jul 21, 2016
$492,500
Three 7 Capital LLC
James R Moncus
Warranty Deed
$367,500 · Cadence Bank
Oct 4, 1996
$365,500
R Moncus James JR
James,r Moncus J
Grant Deed
related
—
—
—
Three 7 Capital LLC
—
Loan Modification
related
$100,000 · Cadence Bk NA
—
—
Moncus,james R JR
—
Deed Of Trust
related
$20,000 · First American Bk/fl
—
—
Three 7 Capital LLC
—
Loan Modification
related
$100,000 · Cadence Bk NA
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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