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Property profile & analytics
OFF-MARKET
Estimated value
$2,540,000
Assisted living facilities
1851 Data Dr Hoover, AL 35244-2521
Entity Owned
6-yr Hold
Free & Clear
Property ID
US03-0341004
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1998
Total area
84,806 SF
Lot
6 ac (261,360 SF)
Zoning code
PO
APN
40-00-19-2-000-002.000
UPID
US03-0341004
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
by Request
Blend (final)
Blend
$2.54M
Owner & transaction history
River Highlands LLC · 6 yrs held
River Highlands LLC
since 2020
7 recorded transactions
Zoning & alternative use
PO · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.0M
+43.7%
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$2,760,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,970,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$2.54M
Range $2.29M – $2.79M · ±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
$30 / 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
Assessed value
$3,124,600
Assessed 2023
Previous assessed
$2,774,960
+12.6% YoY
Assessed land
$313,640
Assessed improvement
$2,810,960
Land market value
$1,568,200
Improvement market value
$14,054,800
Total market value
$15,623,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1998
Heating
HEAT PUMP
Stories
3
Rooms
11
Bathrooms
133
Total area
84,806 SF
Lot
6 ac (261,360 SF)
Zoning code
PO
APN
40-00-19-2-000-002.000
UPID
US03-0341004
Jurisdiction
JEFFERSON
Zoning & alternative use
PO · Hoover, AL
Zoning PO · permitted uses
PO · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
APARTMENT HOUSE (5+ UNITS)
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
1998
Heating
HEAT PUMP
Stories
3
Rooms
11
Bathrooms
133
Lot
6 ac
Current owner
From public records · entity-resolved
River Highlands LLC
Entity
Free & Clear · 6 yrs held
Mailing address
100 MUNICIPAL LN, HOOVER, AL 35216-5500
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2020
$500
River Highlands LLC
River Highlands LLC
Quit Claim Deed
related
—
Sep 18, 2019
—
River Highlands LLC
Medical Clinic Board Of The City/
Quit Claim Deed
related
$15,000,000 · Bank Of America
Nov 20, 2015
$6,850,000
Medical Clinic Board Of City & Hoov
River Highlands LLC
Warranty Deed
$14,000,000 · Us Bk
Nov 20, 2015
$6,072,746
Riverchase Village Adk LLC
Medical Clinic Board Of City/hoov
Warranty Deed
—
Jun 22, 2010
—
Medical Clinic Bd The Rivercha
Owner Name Unavailable
Grant Deed
related
—
Apr 17, 2007
$130,000
S Leeds Riverchase LLC
Hoover Senior Living Prop LLC
Warranty Deed
—
Mar 9, 2007
$150,918
Hoover Senior Living Prop LLC
Zimmers Riverchase LLC
Warranty Deed
—
Jan 24, 2007
$67,500
A Geistlingers Riverchase LLC
Hoover Senior Living Prop LLC
Warranty Deed
—
Jan 24, 2007
$386,997
Chinns Riverchase LLC
Hoover Senior Living Prop LLC
Warranty Deed
—
Jan 24, 2007
$1,162,500
Divine Invs Riverchase LLC
Hoover Senior Living Prop LLC
Warranty Deed
—
Jan 24, 2007
$147,518
Hayes Riverchase LLC
Hoover Senior Living Prop LLC
Warranty Deed
—
Jan 24, 2007
$2,045,023
Larkin II Ents LLC
Hoover Senior Living Prop LLC
Warranty Deed
—
Jan 24, 2007
$207,503
Newcomers Riverchase LLC
Hoover Senior Living Prop LLC
Warranty Deed
—
Jan 9, 2007
$342,000
Hoover Senior Living Prop LLC
Pinders Riverchase LLC
Warranty Deed
—
Jan 9, 2007
$6,583,000
Hoover Senior Living Prop LLC
Hcp Hb2 Hoover Al LLC
Grant Deed
related
$6,328,000 · Central Nat'l Bk&tr Co/enid
Feb 19, 2004
—
Cnl Retirement Hb2 Hoover Al L
Riverchase Assisted Living Ltd
Grant Deed
related
—
Feb 6, 2004
—
Cnl Retirement Hb2 Hoover
Riverchase,assis
Grant Deed
related
—
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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