Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$10,320,000
Motels
1824 Montgomery Hwy Hoover, AL 35244-1208
Entity Owned
1-yr Hold
Free & Clear
Property ID
US03-0396048
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1987
Total area
65,279 SF
Lot
5.6 ac (243,936 SF)
Zoning code
PC
APN
39-00-24-1-000-001.004
UPID
US03-0396048
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
$10.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.90M
Blend (final)
Blend
$10.32M
Owner & transaction history
Hoover Hospitality Company LLC · 1 yrs held
Hoover Hospitality Company LLC
since 2024
Last sale
$10.3M
4 recorded transactions
Zoning & alternative use
PC · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$13.2M
+40.4%
Medical building
$11.6M
+24.0%
Office building
$10.9M
+16.0%
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
$10,320,000
ML approach
$10,320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$9,370,000
Current use
APARTMENT HOUSE (5+ UNITS)
$13,160,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$11,620,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$10,875,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,510,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,775,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$10.32M
Range $9.29M – $11.35M · ±10% · vs last sale $10.32M (Oct 4 2024)
Last sale anchor
$10.32M
Oct 4 2024
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
$158 / 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
$178,705
Tax year 2022
Assessed value
$2,407,140
Assessed 2023
Previous assessed
$2,407,140
+0.0% YoY
Effective rate
7.42%
On assessed value
Assessed land
$946,200
Assessed improvement
$1,460,940
Land market value
$4,731,000
Improvement market value
$7,304,700
Total market value
$12,035,700
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
1987
Heating
HEAT PUMP
Cooling
YES
Stories
3
Rooms
15
Bathrooms
1
Total area
65,279 SF
Lot
5.6 ac (243,936 SF)
Zoning code
PC
APN
39-00-24-1-000-001.004
UPID
US03-0396048
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
HOTEL/MOTEL Current
Est. value
$9.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.2M
MEDICAL BUILDING
Est. value
$11.6M
OFFICE BUILDING
Est. value
$10.9M
AUTO REPAIR, GARAGE
Est. value
$10.5M
COMMERCIAL (GENERAL)
Est. value
$8.8M
HOTEL/MOTEL Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
HEAT PUMP
Cooling
Yes
Stories
3
Rooms
15
Bathrooms
1
Lot
5.6 ac
Current owner
From public records · entity-resolved
Hoover Hospitality Company LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1824 MONTGOMERY HWY #700, HOOVER, AL 35244-1208
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Oct 4, 2024
$10,320,000
Hoover Hospitality Company LLC
Skyline Cm Hoover LLC
Warranty Deed
—
Apr 28, 2022
$11,770,300
Skyline Cm Hoover LLC
Skyline Cm Portfolio LLC
Limited Warranty Deed
$129,625,000 · Metlife Strategic Hotel Originator
—
—
C2 Land
—
Deed Of Trust
related
$120,000,000 · Lehman Brothers Bk
—
—
Courtyard II Associates
—
Deed Of Trust
related
$550,000,000 · Lehman Brothers Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1824 Montgomery Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
