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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Office Spaces
2104 Rocky Rdg Rd Hoover, AL 35216-5138
Entity Owned
~
Est. High Equity
Property ID
US03-0848778
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1987
Total area
6,152 SF
Lot
0.38 ac (16,340 SF)
Zoning code
CP
APN
39-00-12-4-001-015.000
UPID
US03-0848778
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
$1.10M
Comparable Approach
Comparable
$829k
Blend (final)
Blend
$955k
Owner & transaction history
Mipatalu Estates LLC
Mipatalu Estates LLC
since 2025
Last sale
$950,000
5 recorded transactions
Zoning & alternative use
CP · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.2M
+53.2%
Medical building
$1.1M
+35.2%
Office building
$1.0M
+27.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,190,000
6.5%
$1,100,000
7%
$1,020,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$810,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,240,000
Change: +53% · Conversion: Moderate
MEDICAL BUILDING
$1,095,000
Change: +35% · Conversion: Easy
OFFICE BUILDING
$1,030,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$990,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$750,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10% · vs last sale $950k (May 29 2025)
Last sale anchor
$950k
May 29 2025
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
$155 / 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
$10,740
Tax year 2022
Assessed value
$158,620
Assessed 2023
Previous assessed
$147,940
+7.2% YoY
Effective rate
6.77%
On assessed value
Assessed land
$31,040
Assessed improvement
$127,580
Land market value
$155,200
Improvement market value
$637,900
Total market value
$793,100
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
1987
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
6,152 SF
Lot
0.38 ac (16,340 SF)
Zoning code
CP
APN
39-00-12-4-001-015.000
UPID
US03-0848778
Jurisdiction
JEFFERSON
Zoning & alternative use
CP · Hoover, AL
Zoning CP · permitted uses
CP · 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
$810,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$990,000
RETAIL STORES
Est. value
$750,000
COMMERCIAL (GENERAL) Current
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
1987
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Mipatalu Estates LLC
Entity
Mailing address
444 OAK TREE DR, CHELSEA, AL 35043-3024
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2026
—
Mipatalu Estates LLC
—
Deed
related
$300,000 · Community Bank Of Mississippi
Aug 29, 2025
$950,000
Mipatalu Estates LLC
C & W Jones Investments LLC
Warranty Deed
$968,712 · Community Bank
Sep 3, 2019
$550,000
Mipatula Estates LLC
Lifeline Village Properties INC
Warranty Deed
$412,500 · Servisfirst Bank
Nov 5, 2010
$525,000
Lifeline Village Props INC
Owner Name Unavailable
Grant Deed
related
—
—
—
Lifeline Village Props INC
—
Deed Of Trust
related
$498,231 · Noble Bk&tr
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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