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Property profile & analytics
OFF-MARKET
Estimated value
$5,690,000
Investment properties
2944 John Hawkins Pkwy Hoover, AL 35244-1087
Entity Owned
3-yr Hold
Free & Clear
Property ID
US03-0445968
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1998
Total area
27,373 SF
Lot
1.6 ac (69,696 SF)
Zoning code
A1
APN
39-00-23-1-000-016.001
UPID
US03-0445968
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
$5.98M
CAP Approach
CAP
$4.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.69M
Owner & transaction history
Spirit Master Funding X LLC · 3 yrs held
Spirit Master Funding X LLC
since 2022
Last sale
$7.4M
1 recorded transaction
Zoning & alternative use
A1 · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.5M
+103.4%
Neighborhood: shopping center
$7.4M
+101.1%
Apartment house (5+ units)
$5.5M
+50.0%
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
$5,715,000
ML approach
$5,980,000
CAP Approach
CAP Return
Estimation
6%
$5,295,000
6.5%
$4,890,000
7%
$4,540,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,680,000
Current use
RESTAURANT
$7,485,000
Change: +103% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,400,000
Change: +101% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,520,000
Change: +50% · Conversion: Moderate
MEDICAL BUILDING
$4,870,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$4,560,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,405,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$5.69M
Range $5.12M – $6.26M · ±10% · vs last sale $7.39M (Jul 27 2022)
Last sale anchor
$7.39M
Jul 27 2022
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
$208 / 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
$33,729
Tax year 2022
Assessed value
$596,060
Assessed 2023
Previous assessed
$464,580
+28.3% YoY
Effective rate
5.66%
On assessed value
Assessed land
$167,280
Assessed improvement
$428,780
Land market value
$836,400
Improvement market value
$2,143,900
Total market value
$2,980,300
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
27,373 SF
Lot
1.6 ac (69,696 SF)
Zoning code
A1
APN
39-00-23-1-000-016.001
UPID
US03-0445968
Jurisdiction
JEFFERSON
Zoning & alternative use
A1 · Hoover, AL
Zoning A1 · permitted uses
A1 · 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
$3.7M
RESTAURANT
Est. value
$7.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE 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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Spirit Master Funding X LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2727 N HARWOOD ST STE #300, DALLAS, TX 75201-2407
Ownership since
2022
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
Jul 27, 2022
$7,391,304
Spirit Master Funding X LLC
William Morris Realty Hoover LLC
Warranty Deed
—
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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