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Property profile & analytics
OFF-MARKET
Estimated value
$3,150,000
Medical Office Space
2949 John Hawkins Pkwy Hoover, AL 35244-1095
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US03-0506480
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Total area
4,744 SF
Lot
0.94 ac (40,946 SF)
Zoning code
CP
APN
39-00-23-1-000-011.000
UPID
US03-0506480
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
$2.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.15M
Owner & transaction history
University Limited Properties LLC · 5 yrs held
University Limited Properties LLC
since 2021
Last sale
$3.3M
6 recorded transactions
Zoning & alternative use
CP · 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
$3,035,000
ML approach
$2,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.15M
Range $2.84M – $3.47M · ±10% · vs last sale $3.30M (Mar 23 2021)
Last sale anchor
$3.30M
Mar 23 2021
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
$664 / 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
$16,408
Tax year 2022
Assessed value
$354,300
Assessed 2023
Previous assessed
$327,500
+8.2% YoY
Effective rate
4.63%
On assessed value
Assessed land
$98,280
Assessed improvement
$256,020
Land market value
$491,400
Improvement market value
$1,280,100
Total market value
$1,771,500
Applied tax rate
51.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
1
Bathrooms
2
Total area
4,744 SF
Lot
0.94 ac (40,946 SF)
Zoning code
CP
APN
39-00-23-1-000-011.000
UPID
US03-0506480
Jurisdiction
JEFFERSON
Zoning & alternative use
CP · Hoover, AL
Zoning CP · permitted uses
CP · 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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
1
Bathrooms
2
Lot
0.94 ac
Current owner
From public records · entity-resolved
University Limited Properties LLC
Entity
Mailing address
1001 23RD AVE, TUSCALOOSA, AL 35401-2383
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2021
$3,300,000
University Limited Properties LLC
Highway 150 Mob Partners LLC
Warranty Deed
$2,414,870 · Bankfirst
Apr 2, 2020
—
Highway 150 Mob Partners LLC
—
Deed
related
$11,024,000 · Synovus Bank
Jan 10, 2011
—
Highway 150 Mob Partners LLC
Owner Name Unavailable
Grant Deed
related
—
Sep 23, 2010
—
Compass Bk
Owner Name Unavailable
Grant Deed
related
—
Dec 10, 1998
—
Thomas C Pridmore
—
Deed Of Trust
related
—
—
—
Luna LLC
—
Deed Of Trust
related
$1,020,000 · Compass Bk
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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