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    Property profile & analytics

    3408 Lorna Ln Hoover, AL 35216-5228

    • Office Properties & Spaces
    • 2,940 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $375,000
    Location Intelligence
    Property ID
    US03-0899332
    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

    • Office Properties & Spaces

    Property Details for 3408 Lorna Ln

    Year built
    1974
    Lot size
    0.17 lot acres
    Property size
    2,940 SF
    Zone code
    CI
    Property type
    Office Properties & Spaces
    APN
    40-00-07-3-001-052.007
    APU
    4000073001052007

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hoover
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.795
    Latitude
    33.3954
    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
    $4,053
    $11,600
    $61,260
    $72,860
    -
    $58,000
    $306,300
    $364,300

    Comparable in this City

    • Value Estimation
      $1,335,000
      33,834 SF

      2820 Columbiana Rd

      OFFICE (GENERAL) • 33,834 SF
      2820 Columbiana Rd, Vestavia Hills, AL 35216-2589
      View Details
    • Value Estimation
      $215,000
      1,152 SF

      716 Chestnut St

      OFFICE (GENERAL) • 1,152 SF
      716 Chestnut St, Vestavia Hills, AL 35216-1912
      View Details
    • Value Estimation
      $625,000
      21,350 SF

      3057 Lorna Rd

      OFFICE (GENERAL) • 21,350 SF
      3057 Lorna Rd, Hoover, AL 35216-4514
      View Details
    • Value Estimation by Request
      24,573 SF

      1572 Montgomery Hwy

      OFFICE (GENERAL) • 24,573 SF
      1572 Montgomery Hwy, Hoover, AL 35216-4512
      View Details
    • Value Estimation
      $535,000
      16,346 SF

      2151 Old Rocky Rdg Rd

      OFFICE (GENERAL) • 16,346 SF
      2151 Old Rocky Rdg Rd, Vestavia Hills, AL 35216-7235
      View Details
    • Value Estimation
      $410,000
      6,812 SF

      2649 Rocky Rdg Ln

      OFFICE (GENERAL) • 6,812 SF
      2649 Rocky Rdg Ln, Vestavia Hills, AL 35216-4809
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
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      Flex space with office, dock door, and convenient location.
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    • $16 SF/Yr
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      Hoover Office Suites - Available Now

      Class A Office Space, Birmingham, AL
      3100 Lorna Rd, Hoover, AL 35216
      View Details
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    Hoover, AL 35216-5228
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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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