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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Office Spaces
2108 Rocky Rdg Rd Hoover, AL 35216-5138
Entity Owned
3-yr Hold
Free & Clear
Property ID
US03-0882513
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1989
Total area
4,918 SF
Lot
0.36 ac (15,480 SF)
Zoning code
CP
APN
39-00-12-4-001-016.000
UPID
US03-0882513
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
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$711k
Blend (final)
Blend
$515k
Owner & transaction history
Hughes Private Capital LLC · 3 yrs held
Hughes Private Capital LLC
since 2023
Last sale
$532,000
7 recorded transactions
Zoning & alternative use
CP · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$820,000
+27.0%
Auto repair, garage
$790,000
+22.3%
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
$585,000
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$645,000
Current use
OFFICE BUILDING
$820,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$790,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$600,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $532k (Mar 21 2023)
Last sale anchor
$532k
Mar 21 2023
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
$105 / 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
$7,728
Tax year 2022
Assessed value
$136,120
Assessed 2023
Previous assessed
$136,120
+0.0% YoY
Effective rate
5.68%
On assessed value
Assessed land
$29,420
Assessed improvement
$106,700
Land market value
$147,100
Improvement market value
$533,500
Total market value
$680,600
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
1989
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
4,918 SF
Lot
0.36 ac (15,480 SF)
Zoning code
CP
APN
39-00-12-4-001-016.000
UPID
US03-0882513
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
$645,000
OFFICE BUILDING
Est. value
$820,000
AUTO REPAIR, GARAGE
Est. value
$790,000
RETAIL STORES
Est. value
$600,000
COMMERCIAL (GENERAL) Current
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
1989
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Hughes Private Capital LLC
Entity
Free & Clear · 3 yrs held
Mailing address
5440 LOUIE LN STE #106, RENO, NV 89511-1843
Ownership since
2023
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
Mar 21, 2023
—
Hughes Private Capital LLC
Al Rocky Ridge LLC
Quit Claim Deed
related
—
Feb 28, 2023
$532,000
Dewb Properties LLC
Hughes Private Capital LLC
Warranty Deed
$448,000 · Bryant Bank
Feb 28, 2023
—
Hughes Private Capital LLC
Al Rocky Ridge LLC
Quit Claim Deed
related
—
Apr 21, 2022
$503,500
Al Rocky Ridge LLC
Hughes Private Capital LLC
Quit Claim Deed
related
—
Jul 23, 2021
$444,000
Hughes Private Capital
Trowco LLC
Warranty Deed
—
Apr 14, 2015
$370,000
Trowco LLC
Manning Management Co INC
Warranty Deed
$296,000 · Branch Bk&tr
Jul 6, 2010
$400,000
Manning Managment Co INC
Owner Name Unavailable
Grant Deed
related
—
Nov 4, 1997
$10,000
Gudder Properties INC
Gudder,propertie
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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