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Property profile & analytics
OFF-MARKET
Estimated value
$15,095,000
Office buildings
225 Riverchase E Pkwy Hoover, AL 35244-1831
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US03-1078539
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Total area
57,600 SF
Lot
15.45 ac (673,002 SF)
APN
109300001004002
UPID
US03-1078539
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
$11.36M
Comparable Approach
Comparable
$12.41M
Blend (final)
Blend
$15.10M
Owner & transaction history
Al Hoover Riverchase LLC · 3 yrs held
Al Hoover Riverchase LLC
since 2023
Last sale
$18.4M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.8M
+64.2%
Neighborhood: shopping center
$15.6M
+62.3%
Apartment house (5+ units)
$11.6M
+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
$17,600,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,300,000
6.5%
$11,355,000
7%
$10,540,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,595,000
Current use
RESTAURANT
$15,750,000
Change: +64% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$15,570,000
Change: +62% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,615,000
Change: +21% · Conversion: Easy
MEDICAL BUILDING
$10,255,000
Change: +7% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,275,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$15.10M
Range $13.59M – $16.60M · ±10% · vs last sale $18.40M (Apr 27 2023)
Last sale anchor
$18.40M
Apr 27 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
$262 / 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
$154,937
Tax year 2023
Assessed value
$2,308,380
Assessed 2023
Previous assessed
$2,308,380
+0.0% YoY
Effective rate
6.71%
On assessed value
Land market value
$2,099,770
Improvement market value
$9,442,110
Total market value
$11,541,880
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
1979
Heating
SPACE
Cooling
YES
Buildings
4
Stories
1
Rooms
14
Bathrooms
1
Total area
57,600 SF
Lot
15.45 ac (673,002 SF)
APN
109300001004002
UPID
US03-1078539
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
$9.6M
RESTAURANT
Est. value
$15.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.6M
MEDICAL BUILDING
Est. value
$10.3M
AUTO REPAIR, GARAGE
Est. value
$9.3M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1979
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
4
Rooms
14
Bathrooms
1
Lot
15.45 ac
Current owner
From public records · entity-resolved
Al Hoover Riverchase LLC
Entity
Mailing address
201 RIVERPLACE STE #400, GREENVILLE, SC 29601-2591
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2023
$18,400,000
Al Hoover Riverchase LLC
Riverchase Capital LLC
Warranty Deed
$12,942,069 · First Us Bank
Jun 22, 2007
$11,920,125
Riverchase Capital LLC
Rbp LLC
Warranty Deed
—
Jun 22, 2007
—
Jernigan Master Partners LLC
Rbp LLC
Warranty Deed
—
—
—
Riverchase Capital LLC
—
Deed Of Trust
related
$8,400,000 · American Equity Inv Life Ins
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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