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Property profile & analytics
OFF-MARKET Estimated value $510,000
Warehouses

3440 Lorna Ln Hoover, AL 35216-5228

7,071 SF 0.67 ac lot Built 1975
Individually Owned Free & Clear
Property ID
US03-0648727
Property summary
AI-generated overview

This exceptional Hoover, Alabama property presents a unique investment opportunity encompassing a thriving, established business and a substantial industrial building. The 11,511 square foot building sits on a 0.67-acre lot and is zoned for light industrial use. The business, operating successfully since 1976, specializes in automobile upholstery and boasts a loyal client base, making it the largest such operation in Alabama. The sale includes the business, its existing inventory, and the entire building. The building itself offers a versatile layout ideal for continued business operations and potential expansion. A newly remodeled 2,280 square foot office space with two bathrooms welcomes clients upon entry. Beyond the office, a spacious 5,047 square foot warehouse/shop area provides ample room for production, also featuring two bathrooms. Adding to the property's income potential is a 4,000 square foot upper-level space with a separate entrance, suitable for leasing. Conveniently located on the main level is a one-bedroom apartment complete with a living space, full kitchen, and bathroom. The second level also includes additional office space, a restroom, and a kitchenette. Ample parking is available for approximately 30 vehicles. This turnkey operation offers a rare blend of established business success and significant real estate potential, priced at $1,300,000.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1975
Total area 7,071 SF
Lot 0.67 ac (29,185 SF)
Zoning code I1
APN 40-00-07-3-001-072.000
UPID US03-0648727
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
$605k
Comparable Approach Comparable
$396k
Blend (final) Blend
$510k
Owner & transaction history
Paul Aboujaoude
Paul Aboujaoude
since 2026
4 recorded transactions
2026
$700,000
2025
Price N/A
2019
$500,000
1995
$235,000
Zoning & alternative use
I1 · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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