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Property profile & analytics
OFF-MARKET
Estimated value
$2,485,000
Office buildings
2111 Pkwy Ofc Cir Hoover, AL 35244-2919
Individually Owned
14-yr Hold
Free & Clear
Property ID
US03-1071520
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
11,100 SF
Lot
3.74 ac (163,045 SF)
APN
104190001001006
UPID
US03-1071520
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
$2.49M
Blend (final)
Blend
$2.49M
Owner & transaction history
Wells Fargo Bk|banc Of America Comme · 14 yrs held
Wells Fargo Bk|banc Of America Comme
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+64.2%
Neighborhood: shopping center
$3.0M
+62.3%
Apartment house (5+ units)
$2.2M
+21.1%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,850,000
Current use
RESTAURANT
$3,035,000
Change: +64% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,000,000
Change: +62% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,240,000
Change: +21% · Conversion: Easy
MEDICAL BUILDING
$1,975,000
Change: +7% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,785,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,490,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$2.49M
Range $2.24M – $2.73M · ±10%
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
$224 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$49,431
Tax year 2023
Assessed value
$737,840
Assessed 2023
Previous assessed
$737,840
+0.0% YoY
Effective rate
6.70%
On assessed value
Land market value
$932,620
Improvement market value
$2,756,580
Total market value
$3,689,200
Applied tax rate
13.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Rooms
10
Bathrooms
2
Total area
11,100 SF
Lot
3.74 ac (163,045 SF)
APN
104190001001006
UPID
US03-1071520
Jurisdiction
SHELBY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.9M
RESTAURANT
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
10
Bathrooms
2
Lot
3.74 ac
Current owner
From public records · entity-resolved
Wells Fargo Bk|banc Of America Comme
Individual
Free & Clear · 14 yrs held
Mailing address
PO BOX 360566, BIRMINGHAM, AL 35236-0566
Ownership since
2012
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
Jun 5, 2012
—
Wells Fargo Bk|banc Of America Comme
Owner Name Unavailable
Grant Deed
—
Mar 30, 2011
$2,770,000
Wells Fargo Bank NA 2007-5 Tr
Auctioneer Of Shelby County
Trustees Deed
related
—
Oct 29, 2007
—
River Place Associates LLC
Okland,kirsten A
Quit Claim Deed
related
—
Oct 29, 2007
$4,850,000
River Place Associates LLC
David D House Enterprises INC
Warranty Deed
—
—
—
David D House Ents INC
—
Deed Of Trust
related
$3,150,000 · Magnet Bank Fsb
—
—
2111 Parkway Office Circle LLC
—
Deed Of Trust
related
$2,082,500 · Synovus Bk
—
—
2111 Parkway Office Circle LLC
—
Deed Of Trust
related
$2,400,000 · Noble Bk&tr
—
—
David D House Ents INC
—
Deed Of Trust
related
$350,000 · Southeastern R/e Invtrs LLC
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.
Try Rey
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