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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2007 Old Montgomery Hwy Birmingham, AL 35244-1685

    • Office buildings
    • 11,200 SF
    • 0.64 lot acres
    OFF-MARKET
    Value Estimations
    $1,215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-3093143
    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.

    Current Use by Public Records

    • Steak House Birmingham Llc / Supermarket
    • Authentic Restoration / Roofing Contractor
    • Alexis Audio Video Services LLC / Audio Visual Consultant

    Property Details for 2007 Old Montgomery Hwy

    Year built
    1993
    Construction
    WOOD
    Lot size
    0.64 lot acres
    Property size
    11,200 SF
    Property type
    Office buildings
    APN
    117254002006000
    APU
    117254002006000

    Description

    This exceptional 2,500 square foot executive office space is situated on the ground floor of a well-maintained, single-story building in Hoover, Alabama. Boasting a convenient location with high visibility on Old Montgomery Highway, the property benefits from significant daily traffic of 15,400 cars. Its proximity to I-65, Valleydale Road, and the surrounding communities of Hoover, Riverchase, Pelham, and Helena ensures easy accessibility for employees and clients. The building, constructed in 1993 and renovated in 2004, offers a functional office layout within a total building size of 11,600 square feet. The property features 28 parking spaces, including convenient flat, level, front-door parking. The 0.64-acre lot provides ample space, and signage opportunities are available. The building is classified as Class C and has a 9-foot ceiling height. Taxes are $0.67 per square foot. The property is zoned B-2 General Business and is served by Alabama Power. This single-tenant space offers flexible lease terms and presents a fantastic opportunity for businesses seeking a clean, affordable, and strategically located office in a thriving submarket. The Shelby County location, specifically within the Hoover, Pelham submarket cluster, offers excellent access to a robust workforce and a thriving business community. The property's address is further identified by APN 11-7-25-4-002-006.000 and cross streets of Riverchase Trade Center Drive.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,213,000
      Market price range: $1.21M - $2.51M
      AI Estimate
      $1,213,000
      Market price range: $1.21M - $2.51M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,865,000
      Current use
      MEDICAL BUILDING
      $1,995,000
      Change: +7% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,805,000
      Change: -3% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,505,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.8014
    Latitude
    33.3488
    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
    2023
    $9,405
    $0.00
    $0.00
    $162,160
    -
    $187,290
    $623,510
    $810,800

    Comparable in this City

    • Value Estimation
      $720,000
      5,400 SF

      Birmingham, AL 35244

      OFFICE BUILDING • 5,400 SF
      Birmingham, AL 35244
      View Details
    • Value Estimation by Request
      1,435 SF

      Birmingham, AL 35244

      OFFICE BUILDING • 1,435 SF
      Birmingham, AL 35244
      View Details
    • Value Estimation
      $1,120,000
      6,481 SF

      Birmingham, AL 35244

      OFFICE BUILDING • 6,481 SF
      Birmingham, AL 35244
      View Details
    • Value Estimation by Request
      1,254 SF

      4000 Southlake Park Ste, Unit 200

      OFFICE BUILDING • 1,254 SF
      4000 Southlake Park Ste, Hoover, AL 35244-6200
      View Details
    • Value Estimation
      $1,695,000
      7,570 SF

      Birmingham, AL 35244

      OFFICE BUILDING • 7,570 SF
      Birmingham, AL 35244
      View Details
    • Value Estimation by Request
      1,500 SF

      Birmingham, AL 35244

      OFFICE BUILDING • 1,500 SF
      Birmingham, AL 35244
      View Details

    Similar Nearby for Sale

    • $4,750,000

      Office Building with Warehouse Space

      Two-story office building with warehouse in Hoover, Alabama.
      2111 Parkway Office Cir, Birmingham, AL 35244
      View Details
    • $1,750,000
      10,607 SF

      Southpark Drive Investment

      High-yield, NNN-leased property.
      1820 Southpark Dr, Birmingham, AL 35244
      View Details
    • $4,500,000
      25,600 SF

      Riverchase Parkway Executive Office Building

      Class A Office, 25,600 SF, 7.20% Cap Rate
      300 Riverchase Pkwy, Hoover, AL 35244
      View Details
    • Contact for pricing
      2.00 Acres

      Hoover Office Suites: Prime Location

      Affordable, professional office space in Hoover, AL.
      509 Mineral Trce, Hoover, AL 35244
      View Details
    • Contact for pricing
      45,857 SF

      Professional Office Space Available

      Flexible office suites in Hoover, Alabama, with modern conveniences.
      800 Concourse Pkwy, Hoover, AL 35244
      View Details
    • $1,500,000
      6,600 SF

      Valleydale Road Office Building

      Prime Hoover Office, 6,600 SF, 2.22 Acres
      2084 Valleydale Rd, Hoover, AL 35244
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,184 SF

      Southlake Plaza Office Suites

      Prime Southlake Office Space Available Now
      15 Southlake Ln, Hoover, AL 35244
      View Details
    • $24 SF/Yr
      211,341 SF

      Chase Corporate Center: Hoover Office Space

      Class A Office Suites, Hoover, AL
      1 Chase Corporate Dr, Birmingham, AL 35244
      View Details
    • Contact for pricing
      4,078 SF

      Prime Hoover Office Space Available

      Multiple Suites, Jefferson County, AL
      1855 Data Dr, Birmingham, AL 35244
      View Details
    • $19 SF/Yr
      16,930 SF

      Hoover Medical Office Building

      16,930 SF Medical Office Space Available
      800 Concourse Pkwy, Hoover, AL 35244
      View Details
    • $18 SF/Yr
      12,416 SF

      Riverchase Ridge Executive Suites

      Hoover, AL Executive Office Space Available
      2 Riverchase Rdg, Hoover, AL 35244
      View Details
    • $16 SF/Yr
      20,000 SF

      Riverchase Executive Office Suites

      Prime Birmingham Office Space Available
      265 Riverchase Pkwy, Birmingham, AL 35244
      View Details
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    2007 Old Montgomery Hwy
    Birmingham, AL 35244-1685
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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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