New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,170,000
Hotels
2980 John Hawkins Pkwy Hoover, AL 35244-1087
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US03-0718661
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1997
Total area
28,945 SF
Lot
2.79 ac (121,532 SF)
Zoning code
PC
APN
39-00-23-1-000-017.002
UPID
US03-0718661
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
$8.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.84M
Blend (final)
Blend
$8.17M
Owner & transaction history
Baron Hoover LLC · 6 yrs held
Baron Hoover LLC
since 2020
Last sale
$9.5M
7 recorded transactions
Zoning & alternative use
PC · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.9M
+90.5%
Neighborhood: shopping center
$7.8M
+88.3%
Apartment house (5+ units)
$5.8M
+40.4%
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
$7,940,000
ML approach
$8,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$7,915,000
Change: +90% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,825,000
Change: +88% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,835,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$5,150,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$8.17M
Range $7.35M – $8.99M · ±10% · vs last sale $9.50M (Feb 28 2020)
Last sale anchor
$9.50M
Feb 28 2020
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
$282 / 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
$106,455
Tax year 2022
Assessed value
$2,102,540
Assessed 2023
Previous assessed
$1,466,320
+43.4% YoY
Effective rate
5.06%
On assessed value
Assessed land
$413,200
Assessed improvement
$1,689,340
Land market value
$2,066,000
Improvement market value
$8,446,700
Total market value
$10,512,700
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
YES
Stories
6
Rooms
12
Bathrooms
1
Total area
28,945 SF
Lot
2.79 ac (121,532 SF)
Zoning code
PC
APN
39-00-23-1-000-017.002
UPID
US03-0718661
Jurisdiction
JEFFERSON
Zoning & alternative use
PC · Hoover, AL
Zoning PC · permitted uses
PC · 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
RESTAURANT
Est. value
$7.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.2M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
6
Rooms
12
Bathrooms
1
Lot
2.79 ac
Current owner
From public records · entity-resolved
Baron Hoover LLC
Entity
Mailing address
1854 LK CYRUS CLB DR, HOOVER, AL 35244-4103
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2025
—
Baron Hoover LLC
—
Deed
related
$1,600,000 · Metrobank
Sep 30, 2024
—
Baron Hoover LLC
—
Deed
related
$1,250,000 · Metrobank
May 11, 2021
—
Baron Hoover LLC
—
Deed
related
$2,000,000 · Metrobank
Feb 28, 2020
$9,502,500
Baron Hoover LLC
Hit Portfolio I Owner LLC
Warranty Deed
$8,475,000 · Metrobank
May 20, 2019
—
Hit Portfolio I Owner LLC
—
Deed
related
$870,000,000 · Morgan Stanley Bank
Jun 8, 2017
—
Hit Portfolio I Owner LLC
—
Grant Deed
related
$805,000,000 · Deutsche Bk Ag/ny Branch
Mar 18, 2015
$2,386,500
Arc Hospitality Portfolio I Ow
W2007 Equity Inns Realty LLC
Warranty Deed
—
—
—
W2007 Equity Inns Realty LLC
—
Deed Of Trust
related
$865,000,000 · German American Cap
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?”
You own 2980 John Hawkins Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
