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Property profile & analytics
OFF-MARKET
Estimated value
$3,215,000
Office Spaces
2101 Grand Ave Hoover, AL 35226-6200
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US03-0820779
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2006
Total area
18,036 SF
Lot
0.34 ac (14,622 SF)
Zoning code
PUD
APN
39-00-07-4-001-003.000
UPID
US03-0820779
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
$2.82M
CAP Approach
CAP
$3.22M
Comparable Approach
Comparable
$4.40M
Blend (final)
Blend
$3.22M
Owner & transaction history
Terra Ross Bridge 2 LLC · 5 yrs held
Terra Ross Bridge 2 LLC
since 2020
Last sale
$3.3M
4 recorded transactions
Zoning & alternative use
PUD · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.9M
+103.4%
Neighborhood: shopping center
$4.9M
+101.1%
Apartment house (5+ units)
$3.6M
+50.0%
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
$3,130,000
ML approach
$2,820,000
CAP Approach
CAP Return
Estimation
6%
$3,490,000
6.5%
$3,220,000
7%
$2,990,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,425,000
Current use
RESTAURANT
$4,930,000
Change: +103% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,875,000
Change: +101% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,635,000
Change: +50% · Conversion: Moderate
MEDICAL BUILDING
$3,210,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$3,015,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,905,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$2,205,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$3.22M
Range $2.89M – $3.54M · ±10% · vs last sale $3.26M (Dec 14 2020)
Last sale anchor
$3.26M
Dec 14 2020
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
$178 / 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
$45,214
Tax year 2022
Assessed value
$672,620
Assessed 2023
Previous assessed
$622,780
+8.0% YoY
Effective rate
6.72%
On assessed value
Assessed land
$27,780
Assessed improvement
$644,840
Land market value
$138,900
Improvement market value
$3,224,200
Total market value
$3,363,100
Applied tax rate
66.0000
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
2006
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
1
Bathrooms
1
Total area
18,036 SF
Lot
0.34 ac (14,622 SF)
Zoning code
PUD
APN
39-00-07-4-001-003.000
UPID
US03-0820779
Jurisdiction
JEFFERSON
Zoning & alternative use
PUD · Hoover, AL
Zoning PUD · permitted uses
PUD · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.4M
RESTAURANT
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.9M
RETAIL STORES
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
1
Bathrooms
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Terra Ross Bridge 2 LLC
Entity
Mailing address
2530 WATKINS RD, MOUNTAIN BRK, AL 35223-2508
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2020
$3,257,000
Terra Ross Bridge 2 LLC
Sawabe Properties LLC
Warranty Deed
$2,768,450 · Oakworth Capital Bank
Feb 20, 2019
—
Aldersgate United Methodist Ch
—
Grant Deed
related
$1,417,711 · Trustmark Nat'l Bk
Aug 2, 2018
$1,350,000
United States Steel Corp
Aldersgate United Methodist Church
Warranty Deed
$1,000,000 · Union State Bank
—
—
Sawabe Properties LLC
—
Deed Of Trust
related
$2,112,000 · First Com'l 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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