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    1535 Montgomery Hwy Hoover, AL 35216
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    Property profile & analytics

    1535 Montgomery Hwy, Hoover, AL 35216

    View on Map
    • Motels
    • 26,954 SF
    • 1.67 lot acres
    For Sale
    $2,480,000
    View Listing →
    Prime Hoover Hwy Commercial Property For Sale
    $2,480,000

    Prime Hoover Hwy Commercial Property

    High-visibility motel, restaurants, development potential.

    Birmingham, AL 35216
    View Listing
    Property ID
    US03-2245799
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    6.7%
    Motels
    Location Intelligence

    Current Use by Public Records

    • Motels

    Property Details for 1535 Montgomery Hwy

    Year built
    1965
    Lot size
    1.67 lot acres
    Zone code
    C2
    Property type
    Motels
    APN
    39-00-01-3-001-002.001
    APU
    3900013001002001

    Description

    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

    Value 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

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,549,000
      Market price range: $2.55M - $5.44M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hoover
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8058
    Latitude
    33.4108
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $16,210
    $261,240
    $146,440
    $407,680
    -
    $1,306,200
    $732,200
    $2,038,400

    Comparable in this City

    • Value Estimation
      $1,995,000
      40,872 SF

      1466 Montgomery Hwy

      MOTEL
      1466 Montgomery Hwy, Vestavia Hills, AL 35216-3607
      View Details
    • Value Estimation by Request
      58.67 Acres

      2434 Old Rocky Ridge Rd

      Land
      2434 Old Rocky Ridge Rd, Birmingham, AL 35216
      View Details
    • Value Estimation by Request
      391,899 SF

      700 Montgomery Hwy

      Retail properties & Spaces
      700 Montgomery Hwy, Vestavia Hills, AL 35216
      View Details
    • Value Estimation by Request
      1.62 Acres

      3091 Massey Rd

      VACANT COMMERCIAL LAND
      3091 Massey Rd, Vestavia Hills, AL 35216-3751
      View Details
    • Value Estimation by Request
      3.10 Acres

      2235 Lime Rock Rd

      VACANT COMMERCIAL LAND
      2235 Lime Rock Rd, Vestavia Hills, AL 35216-3314
      View Details
    • Value Estimation by Request
      2.02 Acres

      2260 Lime Rock Rd

      VACANT COMMERCIAL LAND
      2260 Lime Rock Rd, Vestavia Hills, AL 35216-3315
      View Details

    Similar Nearby for Sale

    • $2,480,000
      1.71 Acres

      Prime Hoover Hwy Commercial Property

      High-visibility motel, restaurants, development potential.
      1535 Montgomery Hwy, Hoover, AL 35216
      View Details
    • Contact for pricing
      3,485 SF

      Office Unit For Sale

      Office unit with 3,485 square feet of space.
      3055 Lorna Rd, Birmingham, AL 35216
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      Remodeled Office Building in Hoover

      Three-story office building with convenient access and modern amenities.
      3100 Lorna Rd, Hoover, AL 35216
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      Updated Condo in Homewood

      Freshly updated 2-bedroom condo in a prime Homewood location.
      1922 Shades Cliff Ter, Homewood, AL 35216
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    • $125,000
      Pending

      Residential Land in Homewood, AL

      Residential land for sale in Homewood, Alabama.
      1703 Ridgewood Pl, Homewood, AL 35216
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    • Contact for pricing
      0.95 Acres

      Residential Lot in Pinson, AL

      Almost one acre lot available for building in established subdivision.
      5723 Hanover Dr, Pinson, AL 35216
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      5,741 SF

      Office Space in Prime Location

      Office space with conference rooms, convenient location, and updated HVAC.
      3585 Lorna Ridge Dr, Hoover, AL 35216
      View Details
    • Contact for pricing

      Retail Space on Lorna Road

      Retail space available in Hoover with high traffic count.
      3133 Lorna Rd, Hoover, AL 35216
      View Details
    • Contact for pricing

      Georgetown Place Office Space

      Office space in well-maintained building with convenient access.
      3057 Lorna Rd, Birmingham, AL 35216
      View Details
    • Contact for pricing
      4,500 SF

      Vestavia Hills Office Space Available

      Office space with elevator access, convenient location, and ample parking.
      3141 Lorna Rd, Vestavia Hills, AL 35216
      View Details
    • Contact for pricing

      Vestavia Parkway Office Space Available

      Professionally managed office space for rent in Vestavia Hills.
      200-300 Vestavia Pkwy, Vestavia Hills, AL 35216
      View Details
    • Contact for pricing

      Office Space in Hoover, Alabama

      Office suite available for rent in a convenient location.
      3525 Lorna Ridge Dr, Birmingham, AL 35216
      View Details
    View Listing
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    1535 Montgomery Hwy
    Hoover, AL 35216
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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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