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Property profile & analytics
OFF-MARKET
Estimated value
$1,275,000
Office Spaces
2687 John Hawkins Pkwy Hoover, AL 35244-4003
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US03-0501367
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1991
Total area
8,134 SF
Lot
1.09 ac (47,263 SF)
Zoning code
I3
APN
39-00-27-1-000-002.001
UPID
US03-0501367
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
$1.46M
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.28M
Owner & transaction history
Shaw Group Real Estate Holdings LLC · 1 yrs held
Shaw Group Real Estate Holdings LLC
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
I3 · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.6M
+50.0%
Medical building
$1.5M
+32.4%
Office building
$1.4M
+23.9%
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%
$1,575,000
6.5%
$1,455,000
7%
$1,350,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,095,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,640,000
Change: +50% · Conversion: Moderate
MEDICAL BUILDING
$1,450,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$1,355,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,310,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$995,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±10% · vs last sale $1.25M (Jul 18 2024)
Last sale anchor
$1.25M
Jul 18 2024
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
$157 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$15,573
Tax year 2022
Assessed value
$245,020
Assessed 2023
Previous assessed
$214,500
+14.2% YoY
Effective rate
6.36%
On assessed value
Assessed land
$75,640
Assessed improvement
$169,380
Land market value
$378,200
Improvement market value
$846,900
Total market value
$1,225,100
Applied tax rate
66.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1991
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
8,134 SF
Lot
1.09 ac (47,263 SF)
Zoning code
I3
APN
39-00-27-1-000-002.001
UPID
US03-0501367
Jurisdiction
JEFFERSON
Zoning & alternative use
I3 · Hoover, AL
Zoning I3 · permitted uses
I3 · Hoover, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hoover. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$995,000
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1991
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Shaw Group Real Estate Holdings LLC
Entity
Mailing address
2815 5TH OAKS LN, VESTAVIA, AL 35243-2621
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2024
$1,250,000
Shaw Group Real Estate Holdings LLC
Gamco LLC
Warranty Deed
$1,062,500 · Servisfirst Bank
Oct 9, 2014
$620,000
Gamco LLC
Newell Investments LLC
Warranty Deed
$470,000 · National Bk/commerce
Jul 29, 2014
—
Newell Investments LLC
Newell,j K III
Quit Claim Deed
related
—
Feb 1, 1990
$152,000
Assurance Agency INC
—
Deed Of Trust
related
—
—
—
Newell,j K III
—
Loan Modification
related
$50,000 · Colonial Bk/fl
—
—
Newell,j K III
—
Loan Modification
related
$100,000 · Colonial Bk/fl
—
—
Newell,j K III
—
Deed Of Trust
related
$100,000 · Colonial Bk/fl
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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