Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2235 Pelham Pkwy Pelham, AL 35124-1313
    Back to Search
    Property profile & analytics

    2235 Pelham Pkwy, Pelham, AL 35124-1313

    View on Map
    • Hotels
    • 45,866 SF
    • 1.27 lot acres
    Off-Market
    Property ID
    US03-1098415
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Comfort Suites Pelham Hoover I-65 / Hotel & Motel

    Property Details for 2235 Pelham Pkwy

    Year built
    2007
    Construction
    WOOD
    Lot size
    1.27 lot acres
    Property type
    Hotels
    APN
    109313001015000
    APU
    109313001015000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 13, 2026 — Radhamohan LLC — Deed · related $2.9M · American Commerce Bank NA
    Dec 15, 2021 — Radhamohan LLC — Deed · related $3.6M · United States Small Business Admin
    Apr 27, 2017 $4,150,000 Radhamohan LLC Om Pelham LLC Warranty Deed $3.8M · Americancommerce Bank NA
    Jun 7, 2016 — Om Pelham LLC — Deed · related $1.3M · Us Small Busn Admn
    Feb 2, 2006 — Om Pelham LLC Owner Name Unavailable Grant Deed —
    Nov 16, 2005 $600,000 Chiman Patel LLC Pelham Sp LLC Warranty Deed —
    Jan 7, 2005 $325,000 Pelham Sp LLC Liano Properties LLC Warranty Deed $1.9M · Bancorp South Bank
    — — Om Pelham LLC — Deed Of Trust · related $3.1M · Zions First National Bank
    — — Om Pelham LLC — Loan Modification · related $1.3M · Us Small Busn Admn

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pelham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.7904
    Latitude
    33.3351
    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
    $59,493
    $0.00
    $0.00
    $1,025,740
    -
    $575,340
    $4,553,340
    $5,128,680

    Comparable in this City

    • Value Estimation by Request
      46,066 SF

      260 Cahaba Vly Rd

      HOTEL
      260 Cahaba Vly Rd, Pelham, AL 35124-1363
      View Details
    • Value Estimation
      $810,000
      22,715 SF

      410 Oak Mtn Cir

      HOTEL
      410 Oak Mtn Cir, Pelham, AL 35124-1359
      View Details
    • Value Estimation by Request
      43,304 SF

      101 Bishop Cir

      HOTEL
      101 Bishop Cir, Pelham, AL 35124-1397
      View Details
    • Value Estimation
      $4,775,000
      33,140 SF

      200 Southgate Dr

      HOTEL
      200 Southgate Dr, Pelham, AL 35124-1139
      View Details
    • Value Estimation by Request
      60,821 SF

      230 Cahaba Vly Rd

      HOTEL
      230 Cahaba Vly Rd, Pelham, AL 35124-1363
      View Details
    • Value Estimation
      $8,500,000
      19,484 SF

      1902 Pelham Pkwy Oak Mtn Ldg

      MOTEL
      1902 Pelham Pkwy Oak Mtn Ldg, Pelham, AL 35124
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      Highway Frontage Industrial Flex Building

      20,000 SF flex building with highway frontage for sale.
      40 Commerce Dr, Pelham, AL 35124
      View Details
    • Contact for pricing
      1,330 SF

      Commercial Building on Large Lot

      1,330 SF building on 2.05 acre lot for sale.
      3280 Highway 52 W, Pelham, AL 35124
      View Details
    • $3,500,000

      Pelham Warehouse and Fabrication Shops

      80,568 SF warehouse with fabrication and machine shops for sale.
      1 Breco Industrial Park, Pelham, AL 35124
      View Details
    • $695,000
      1.84 Acres

      Commercial Land in Growing Pelham

      1.84 acres of commercial land with high traffic and easy access.
      3421 Pelham Pkwy, Pelham, AL 35124
      View Details
    • Contact for pricing
      1,635 SF

      Pelham Commercial Property with Basement

      Commercial property in Pelham with renovation potential and basement storage.
      511 Pope Dr, Pelham, AL 35124
      View Details
    • Contact for pricing
      2,368 SF

      Pelham Office Building For Sale

      Professional office building in prime location, suitable for owner-users.
      3110 Cummins St, Pelham, AL 35124
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Restaurant Space with Drive-Thru

      Former restaurant space with drive-thru, located off I-65.
      613 Cahaba Valley Rd, Pelham, AL 35124
      View Details
    • $9 SF/Yr

      Pelham Flex Warehouse Sublease

      8,750 SF flex warehouse with office space available for sublease.
      220 Commerce Pkwy, Pelham, AL 35124
      View Details
    • Contact for pricing

      Remodeled Pelham Parkway Commercial Space

      Remodeled commercial space with high visibility and traffic.
      3155 Pelham Pkwy, Pelham, AL 35124
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Single tenant retail space available, approximately 5,290 square feet.
      201 Southgate Dr, Pelham, AL 35124
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2235 Pelham Pkwy
    Pelham, AL 35124-1313
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2235 Pelham Pkwy, Pelham, AL, 35124
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!