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    Property profile & analytics

    3141 Old Columbiana Rd Hoover, AL 35226-3703

    • Assisted living facilities
    • 36,012 SF
    • 1.44 lot acres
    OFF-MARKET
    Value Estimation
    $8,620,000
    Last Sale
    Dec 18, 2024
    $8,500,000
    Location Intelligence
    Property ID
    US03-0618019
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 3141 Old Columbiana Rd

    Year built
    1963
    Lot size
    1.44 lot acres
    Property size
    36,012 SF
    Zone code
    C2
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    39-00-01-3-005-003.000
    APU
    3900013005003000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $8,500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $8,755,000
      6.5%
      $8,685,000
      7%
      $7,925,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $9,595,000
      Geo Method
      $8,200,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $9,190,000
      Retail
      $9,955,000
      Mixed-Use
      $9,095,000
      Hospitality
      $9,000,000
      Educational
      $7,655,000
      Residential Income
      $9,920,000
      Energy
      $7,880,000
      Income-Based Land
      $8,770,000
      Food Service
      $8,340,000

    Location Insight

    • Map
    • Local Demand
    City
    Hoover
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8074
    Latitude
    33.406
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $32,130
    $122,660
    $443,200
    $565,860
    -
    $613,300
    $2,216,000
    $2,829,300

    Comparable in this City

    • Value Estimation by Request
      46,851 SF

      570 Southland Dr

      HOMES (RETIRED, NURSING) • 46,851 SF
      570 Southland Dr, Vestavia, AL 35226-3715
      View Details
    • Value Estimation by Request
      46,646 SF

      3320 Old Columbiana Rd

      HOMES (RETIRED, NURSING) • 46,646 SF
      3320 Old Columbiana Rd, Hoover, AL 35226-3385
      View Details
    • Value Estimation
      $495,000
      9,980 SF

      3635 Market St

      MEDICAL BUILDING • 9,980 SF
      3635 Market St, Hoover, AL 35226-6391
      View Details
    • Value Estimation by Request
      12,600 SF

      767 Shades Mountain Plz

      Restaurants • 12,600 SF
      767 Shades Mountain Plz, Birmingham, AL 35226
      View Details
    • Value Estimation
      $360,000
      2,064 SF

      2161 Clearbrook Rd

      MEDICAL BUILDING • 2,064 SF
      2161 Clearbrook Rd, Hoover, AL 35226-1520
      View Details
    • Value Estimation
      $445,000
      9,346 SF

      1975 Patton Chapel Rd

      MEDICAL BUILDING • 9,346 SF
      1975 Patton Chapel Rd, Birmingham, AL 35226
      View Details

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      Buildable lot in Homewood's Huntington Parc neighborhood near UAB.
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      Residential Land in Hoover

      2.5-acre residential land for sale in Hoover, Alabama.
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      Wooded Lots in Shadesville Subdivision

      Three wooded lots totaling approximately 0.48 acres in Hoover, AL.
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    Similar Nearby for Lease

    • $32 SF/Yr
      4,500 SF

      Prime Hoover Executive Office Space

      4,500 SF Freestanding Office, 20 Parking Spaces
      5576 Grove Blvd, Hoover, AL 35226
      View Details
    • Contact for pricing

      Freestanding Retail with Drive Thru

      High-visibility retail space with drive-thru near I-65.
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      View Details
    • Contact for pricing

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      Retail outparcel available in Hoover, Alabama's Grove Shopping Center.
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      View Details
    • Contact for pricing
      4,000 SF

      Restaurant/Retail Space For Rent

      Recently renovated restaurant/retail space with ample parking.
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      View Details
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    3141 Old Columbiana Rd
    Hoover, AL 35226-3703
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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