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Property profile & analytics
OFF-MARKET
Estimated value
$2,080,000
Motels
1535 Montgomery Hwy Hoover, AL 35216-4527
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US03-2245799
Property summary
AI-generated overview
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
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1965
Total area
26,954 SF
Lot
1.67 ac (72,571 SF)
Zoning code
C2
APN
39-00-01-3-001-002.001
UPID
US03-2245799
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
$2.08M
CAP Approach
CAP
$1.95M
Comparable Approach
Comparable
$2.55M
Blend (final)
Blend
$2.08M
Owner & transaction history
Omsai Krishna LLC · 2 yrs held
Omsai Krishna LLC
since 2023
Last sale
$2.3M
4 recorded transactions
Zoning & alternative use
C2 · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,880,000
ML approach
$2,075,000
CAP Approach
CAP Return
Estimation
6%
$2,115,000
6.5%
$1,950,000
7%
$1,810,000
Blend value · Realmo final
$2.08M
Range $1.87M – $2.29M · ±10% · vs last sale $2.25M (Jul 20 2023)
Last sale anchor
$2.25M
Jul 20 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
$77 / 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
$16,210
Tax year 2022
Assessed value
$407,680
Assessed 2023
Previous assessed
$223,280
+82.6% YoY
Effective rate
3.98%
On assessed value
Assessed land
$261,240
Assessed improvement
$146,440
Land market value
$1,306,200
Improvement market value
$732,200
Total market value
$2,038,400
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1965
Heating
HEAT PUMP
Cooling
YES
Stories
2
Rooms
34
Total area
26,954 SF
Lot
1.67 ac (72,571 SF)
Zoning code
C2
APN
39-00-01-3-001-002.001
UPID
US03-2245799
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.
Building & site characteristics
From public records
Year built
1965
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Rooms
34
Lot
1.67 ac
Current owner
From public records · entity-resolved
Omsai Krishna LLC
Entity
Mailing address
1535 MONTGOMERY HWY, HOOVER, AL 35216-4527
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2023
$2,250,000
Omsai Krishna LLC
Baron Hoover Econo LLC
Warranty Deed
$1,762,500 · First Community Bank Of Cullman
Jun 8, 2022
$2,011,000
Baron Hoover Econo LLC
Vaishno Devi LLC
Warranty Deed
$1,608,800 · First Community Bank Of Cullman
Jul 6, 2018
$1,570,000
Vaishno Devi LLC
Sanjay Patel
Warranty Deed
—
Jun 2, 2017
$340,000
Sanjay Patel
Patel,arvind R
Quit Claim Deed
related
$190,000 · Arvind R Patel
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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