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Property profile & analytics
OFF-MARKET
Office Spaces
1945 Hoover Ct Hoover, AL 35226-3606
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US03-0514696
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1959
Total area
17,905 SF
Lot
1.86 ac (80,891 SF)
Zoning code
C2
APN
39-00-12-2-003-017.000
UPID
US03-0514696
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
by Request
Owner & transaction history
Mhc Ae 3 LLC · 4 yrs held
Mhc Ae 3 LLC
since 2022
Last sale
$11.9M
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$55,179
Tax year 2022
Assessed value
$871,700
Assessed 2023
Previous assessed
$760,040
+14.7% YoY
Effective rate
6.33%
On assessed value
Assessed land
$226,460
Assessed improvement
$645,240
Land market value
$1,132,300
Improvement market value
$3,226,200
Total market value
$4,358,500
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1959
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
17,905 SF
Lot
1.86 ac (80,891 SF)
Zoning code
C2
APN
39-00-12-2-003-017.000
UPID
US03-0514696
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
1959
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
Mhc Ae 3 LLC
Entity
Mailing address
PO BOX 3666, OAK BROOK, IL 60522-3666
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2022
$11,930,000
Mhc Ae 3 LLC
Mhc 34 Hoover Irondale Al LLC
Warranty Deed
$117,000,000 · Key Bank
Aug 12, 2020
—
Mhc 34 Hoover-irondale Al Ll
—
Deed
related
$12,610,000 · Jp Morgan Chase Bk
Apr 27, 2020
$32,300
Creb Construction LLC
Chase Beard
Warranty Deed
—
Jun 14, 2019
—
Mhc 34 Hoover-irondale Al Ll
—
Deed
related
$12,685,000 · Jp Morgan Chase Bk
Aug 27, 2018
$3,825,000
Mhc 34 Hoover Irondale Al LLC
South Hall Of Green Valley LLC
Warranty Deed
—
Apr 1, 2016
$3,000,000
South Hall Of Green Valley LLC
South Hall Of 150 LLC
Limited Warranty Deed
—
—
—
Mhc 34 Hoover-irondale Al Ll
—
Loan Modification
related
$12,685,000 · Jp Morgan Chase Bk
—
—
Mhc 34 Hoover-irondale Al Ll
—
Loan Modification
related
$12,610,000 · Jp Morgan Chase 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.
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