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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Investment properties
3202 Lorna Rd Hoover, AL 35216-5422
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US03-0483162
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2014
Total area
8,549 SF
Lot
0.99 ac (43,180 SF)
Zoning code
C2
APN
39-00-12-1-011-003.000
UPID
US03-0483162
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
$1.53M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.23M
Owner & transaction history
Boos Fund 2-lorna Hoover LLC · 12 yrs held
Boos Fund 2-lorna Hoover LLC
since 2014
1 recorded transaction
Zoning & alternative use
C2 · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.7M
+53.2%
Medical building
$1.5M
+35.2%
Office building
$1.4M
+27.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,655,000
6.5%
$1,525,000
7%
$1,420,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,125,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,725,000
Change: +53% · Conversion: Moderate
MEDICAL BUILDING
$1,520,000
Change: +35% · Conversion: Easy
OFFICE BUILDING
$1,430,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,375,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$1,045,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±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
$143 / 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
$15,931
Tax year 2022
Assessed value
$257,560
Assessed 2023
Previous assessed
$219,440
+17.4% YoY
Effective rate
6.19%
On assessed value
Assessed land
$112,260
Assessed improvement
$145,300
Land market value
$561,300
Improvement market value
$726,500
Total market value
$1,287,800
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
2014
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
8,549 SF
Lot
0.99 ac (43,180 SF)
Zoning code
C2
APN
39-00-12-1-011-003.000
UPID
US03-0483162
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.0M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2014
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Boos Fund 2-lorna Hoover LLC
Entity
Mailing address
PO BOX 1017, CHARLOTTE, NC 28201-1017
Ownership since
2014
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
Mar 17, 2014
$375,000
Boos Fund 2-lorna Hoover LLC
Bite Family Ptshp Ltd
Warranty Deed
related
$1,429,209 · Branch Bk&tr
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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