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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Investment properties
3064 Lorna Rd Hoover, AL 35216-4528
Individually Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0781516
Property summary
AI-generated overview
This exceptional Birmingham, Alabama office property at 3064 Lorna Road offers immediate occupancy in a prime location. The building, classified as Class B, boasts a total of 15,000 square feet and features multiple tenancy options. Currently, only one suite remains available. This end unit, Suite E, comprises approximately 3,750 square feet and is ideally suited for a variety of uses, including retail, medical, office, or showroom space. The layout includes a spacious open area perfect for client interaction or display, complemented by three private offices for enhanced productivity and two restrooms for convenience. The property's strategic location adjacent to Shipley Donuts in the city of Hoover ensures high visibility and accessibility. The suite is move-in ready, eliminating the need for extensive renovations or delays. This presents a unique opportunity to secure a well-appointed space in a thriving commercial area. The address is 3064 Lorna Rd, Birmingham, AL 35216. The property is conveniently located at latitude 33.4037721 and longitude -86.805008.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1976
Construction
STEEL FRAME
Total area
16,466 SF
Lot
1.09 ac (47,698 SF)
Zoning code
C2
APN
39-00-12-2-002-004.000
UPID
US03-0781516
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
$940k
Comparable Approach
Comparable
$937k
Blend (final)
Blend
$930k
Owner & transaction history
First Coml Bk · 16 yrs held
First Coml Bk
since 2009
3 recorded transactions
Zoning & alternative use
C2 · 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%
$1,020,000
6.5%
$940,000
7%
$870,000
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$56 / 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
$18,034
Tax year 2022
Assessed value
$301,100
Assessed 2023
Previous assessed
$248,400
+21.2% YoY
Effective rate
5.99%
On assessed value
Assessed land
$111,620
Assessed improvement
$189,480
Land market value
$558,100
Improvement market value
$947,400
Total market value
$1,505,500
Applied tax rate
23.0000
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
1976
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
16,466 SF
Lot
1.09 ac (47,698 SF)
Zoning code
C2
APN
39-00-12-2-002-004.000
UPID
US03-0781516
Jurisdiction
JEFFERSON
Zoning & alternative use
C2 · Hoover, AL
Zoning C2 · permitted uses
C2 · 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
1976
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
First Coml Bk
Individual
Free & Clear · 16 yrs held
Mailing address
120 BISHOP CIR #200, PELHAM, AL 35124-1397
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2022
—
Smith Commercial Investments L
—
Deed
related
$285,000 · Millennial Bank
Nov 24, 2009
—
First Coml Bk
Owner Name Unavailable
Grant Deed
related
—
—
—
Smith Commercial Invs LLC
—
Deed Of Trust
related
$505,000 · Iberiabank
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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