Property profile

2434 Old Rocky Ridge Rd Birmingham, AL 35216

FOR SALE
Residential land & home lots
Property ID
US03-Q000885
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Property summary

AI-generated overview

Development site within the City of Hoover; great centralized location with easy access to I-459, Lorna Road and US Hwy. 31. City utilities are available to property. The City of Hoover is one of the fastest growing cities in the State of Alabama. Hoover is a primary city of the census designated Birmingham-Hoover MSA and an economic driver for the region. The City of Hoover has an estimated population of 93,000 and an average household income of $158,244. The city is home to several national and regional corporate headquarters, including AT&T Alabama, BlueCross BlueShield of Alabama, McLeod Software, and Hanna Steel. The City of Hoover is spearheading the new Riverwalk Village, a health wellness development on a 90-acre tract. It will incorporate existing 450,000 SF of corporate offices, which include the North and South buildings used for Regions Bank's Riverchase operations center.

Property profile

Verified
Property type Residential land & home lots
UPID US03-Q000885

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2434 Old Rocky Ridge Rd Birmingham, AL 35216
Birmingham metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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