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Property profile & analytics
OFF-MARKET
Estimated value
$3,200,000
Automotive properties
1800 Montgomery Hwy Hoover, AL 35244-1208
Entity Owned
10-yr Hold
Free & Clear
Property ID
US03-0938945
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1987
Total area
21,178 SF
Lot
6.37 ac (277,521 SF)
Zoning code
PC
APN
39-00-13-4-000-009.000
UPID
US03-0938945
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
by Request
Comparable Approach
Comparable
$3.31M
Blend (final)
Blend
$3.20M
Owner & transaction history
Jja Properties Al-hoover LLC · 10 yrs held
Jja Properties Al-hoover LLC
since 2016
3 recorded transactions
Zoning & alternative use
PC · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.3M
+25.2%
Medical building
$3.8M
+10.6%
Office building
$3.5M
+3.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,410,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,270,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$3,770,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$3,525,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,845,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$3.20M
Range $2.88M – $3.52M · ±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
$151 / 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
$170,446
Tax year 2022
Assessed value
$2,679,600
Assessed 2023
Previous assessed
$2,347,740
+14.1% YoY
Effective rate
6.36%
On assessed value
Assessed land
$1,276,500
Assessed improvement
$1,403,100
Land market value
$6,382,500
Improvement market value
$7,015,500
Total market value
$13,398,000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
2
Total area
21,178 SF
Lot
6.37 ac (277,521 SF)
Zoning code
PC
APN
39-00-13-4-000-009.000
UPID
US03-0938945
Jurisdiction
JEFFERSON
Zoning & alternative use
PC · Hoover, AL
Zoning PC · permitted uses
PC · 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
AUTO REPAIR, GARAGE Current
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$2.8M
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
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
1987
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
2
Lot
6.37 ac
Current owner
From public records · entity-resolved
Jja Properties Al-hoover LLC
Entity
Free & Clear · 10 yrs held
Mailing address
750 MERCEDES WAY, IRONDALE, AL 35210-1813
Ownership since
2016
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 25, 2016
$6,235,500
Jja Properties Al-hoover LLC
Dream Eat II LLC
Warranty Deed
—
Oct 2, 2014
—
Dream E A T II LLC
Crown Automobile Co INC
Warranty Deed
related
$14,700,000 · Mercedes-benz Fin'l Svcs USA
Nov 12, 2013
$1,420,000
Crown Automobile Co INC
Brown,marsha P
Warranty Deed
—
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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