3440 Lorna Ln Hoover, AL 35216
Property profile & analytics
3440 Lorna Ln, Hoover, AL 35216
- Warehouses
- 7,071 SF
- 0.67 lot acres
Property ID
US03-0648727
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.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 3440 Lorna Ln
- Year built
- 1975
- Lot size
- 0.67 lot acres
- Zone code
- I1
- Property type
- Warehouses
- APN
- 40-00-07-3-001-072.000
- APU
- 4000073001072000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $660,000
- 6.5%
- $605,000
- 7%
- $565,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $396,000
Market price range: $122k - $396k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $450,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hoover
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.7952
- Latitude
- 33.3935
- 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
$10,150
$46,700
$128,940
$175,640
-
$233,500
$644,700
$878,200
