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Property profile & analytics
FOR LEASE
Strip malls
2801 John Hawkins Pkwy Hoover, AL 35244
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US03-0498387
For Lease
1 / 7
$25 SF/Yr
2801 John Hawkins Pkwy, Hoover, AL 35244
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1996
Construction
STEEL FRAME
Total area
30,522 SF
Lot
3.06 ac (133,294 SF)
Zoning code
RTR4
APN
39-00-23-3-000-019.002
UPID
US03-0498387
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
$5.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.19M
Owner & transaction history
Weller Gtp LLC · 6 yrs held
Weller Gtp LLC
since 2019
1 recorded transaction
Zoning & alternative use
RTR4 · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$6,320,000
6.5%
$5,830,000
7%
$5,415,000
Blend value · Realmo final
$4.19M
Range $3.77M – $4.60M · ±10%
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
$137 / 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
$45,902
Tax year 2022
Assessed value
$725,700
Assessed 2023
Previous assessed
$632,260
+14.8% YoY
Effective rate
6.33%
On assessed value
Assessed land
$319,900
Assessed improvement
$405,800
Land market value
$1,599,500
Improvement market value
$2,029,000
Total market value
$3,628,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
30,522 SF
Lot
3.06 ac (133,294 SF)
Zoning code
RTR4
APN
39-00-23-3-000-019.002
UPID
US03-0498387
Jurisdiction
JEFFERSON
Zoning & alternative use
RTR4 · Hoover, AL
Zoning RTR4 · permitted uses
RTR4 · 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.
Building & site characteristics
From public records
Year built
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
3.06 ac
Current owner
From public records · entity-resolved
Weller Gtp LLC
Entity
Mailing address
7069 N HIGHFIELD DR, HOOVER, AL 35242-7241
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2019
$4,400,000
Weller Gtp LLC
Galleria Trace Plaza INC
Warranty Deed
$3,500,000 · Galleria Trace Plaza INC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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