Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2650 Rocky Rdg Ln Vestavia Hills, AL 35216-4810
    Back to Search
    Property profile & analytics

    2650 Rocky Rdg Ln, Vestavia Hills, AL 35216-4810

    View on Map
    • Office Spaces
    • 78,584 SF
    • 8.00 lot acres
    Off-Market
    Last Sale Dec 27, 2022
    $33,250,000
    Property ID
    US03-0509819
    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

    • Office Spaces

    Property Details for 2650 Rocky Rdg Ln

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    8.00 lot acres
    Zone code
    C1
    Property type
    Office Spaces
    APN
    40-00-08-1-002-004.001
    APU
    4000081002004001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 27, 2022 $33,250,000 Birmingham Al I Sgf LLC Arcp Ofc Birmingham Al LLC Special Warranty Deed —
    Apr 30, 2014 $32,250,000 Arcp Of Birmingham Al LLC Woodscape Ltd Grant Deed —

    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
    Vestavia Hills
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7674
    Latitude
    33.4024
    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
    2022
    $174,411
    $731,800
    $3,029,280
    $3,761,080
    -
    $3,659,000
    $15,146,400
    $18,805,400

    Comparable in this City

    • Value Estimation
      $5,450,000
      30,258 SF

      600 Vestavia Pkwy

      OFFICE (GENERAL)
      600 Vestavia Pkwy, Vestavia, AL 35216-3756
      View Details
    • Value Estimation by Request
      3,460 SF

      2221 Victory Ln

      OFFICE (GENERAL)
      2221 Victory Ln, Hoover, AL 35216-6334
      View Details
    • Value Estimation by Request
      3,796 SF

      2211 Victory Ln

      OFFICE (GENERAL)
      2211 Victory Ln, Hoover, AL 35216-6334
      View Details
    • Value Estimation
      $1,355,000
      33,834 SF

      2820 Columbiana Rd

      OFFICE (GENERAL)
      2820 Columbiana Rd, Vestavia Hills, AL 35216-2589
      View Details
    • Value Estimation by Request
      1,152 SF

      716 Chestnut St

      OFFICE (GENERAL)
      716 Chestnut St, Vestavia Hills, AL 35216-1912
      View Details
    • Value Estimation by Request
      2,940 SF

      3408 Lorna Ln

      OFFICE (GENERAL)
      3408 Lorna Ln, Hoover, AL 35216-5228
      View Details

    Similar Nearby for Sale

    • $1,350,000

      Medical Office Space For Sale

      Located in Hoover near I-65 and Hwy. 31.
      3055 Lorna Rd, Hoover, AL 35216
      View Details
    • $650,000
      0.75 Acres

      Hoover Office Building For Sale

      Office building in Hoover, Alabama, with high traffic count.
      3041 Lorna Rd, Hoover, AL 35216
      View Details
    • Contact for pricing
      11,511 SF

      Established Hoover Building and Business

      Established upholstery business and building for sale in Hoover, AL.
      3440 Lorna Ln, Hoover, AL 35216
      View Details
    • Contact for pricing
      5,052 SF

      Well-Built Hoover Office Building

      Two-story office building with 5,052 SF in Vestavia Hills.
      3585 Lorna Ridge Dr, Vestavia Hills, AL 35216
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office space in Hoover, near major highways.
      3055 Lorna Rd, Hoover, AL 35216
      View Details
    • Contact for pricing

      Centrally Located Hoover Office Building

      Three-story office building with convenient access and modern amenities.
      3100 Lorna Rd, Hoover, AL 35216
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Vestavia Parkway Office Space Available

      Professionally managed office space for rent in Vestavia Hills.
      200-300 Vestavia Pkwy, Vestavia Hills, AL 35216
      View Details
    • $12 SF/Yr
      5,741 SF

      Office Space in Prime Location

      Office space with conference rooms, convenient location, and updated HVAC.
      3585 Lorna Ridge Dr, Hoover, AL 35216
      View Details
    • Contact for pricing

      Georgetown Place Office Space

      Office space in well-maintained building with convenient access.
      3057 Lorna Rd, Birmingham, AL 35216
      View Details
    • Contact for pricing
      4,500 SF

      Vestavia Hills Office Space Available

      Office space with elevator access, convenient location, and ample parking.
      3141 Lorna Rd, Vestavia Hills, AL 35216
      View Details
    • Contact for pricing

      Office Space in Hoover, Alabama

      Office suite available for rent in a convenient location.
      3525 Lorna Ridge Dr, Birmingham, AL 35216
      View Details
    • $34 SF/Yr

      Class A Office Space Available

      Class A office building in Birmingham's Midtown submarket for lease.
      2101 Old Columbiana Rd, Birmingham, AL 35216
      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.
    2650 Rocky Rdg Ln
    Vestavia Hills, AL 35216-4810
    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
    2650 Rocky Rdg Ln, Vestavia Hills, AL, 35216
    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!