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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Office Spaces
3501 Lorna Rd Hoover, AL 35216-0911
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US03-0412442
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2006
Total area
4,195 SF
Lot
0.08 ac (3,385 SF)
Zoning code
CP
APN
39-00-13-1-004-062.000
UPID
US03-0412442
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
$760k
CAP Approach
CAP
$750k
Comparable Approach
Comparable
$730k
Blend (final)
Blend
$740k
Owner & transaction history
Inoz Holding Co LLC · 3 yrs held
Inoz Holding Co LLC
since 2022
Last sale
$799,000
3 recorded transactions
Zoning & alternative use
CP · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+105.4%
Medical building
$745,000
+35.2%
Office building
$700,000
+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
$725,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
$810,000
6.5%
$750,000
7%
$695,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$550,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,135,000
Change: +105% · Conversion: Difficult
MEDICAL BUILDING
$745,000
Change: +35% · Conversion: Easy
OFFICE BUILDING
$700,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$675,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$515,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $799k (Jul 27 2022)
Last sale anchor
$799k
Jul 27 2022
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
$176 / 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
$7,677
Tax year 2022
Assessed value
$139,760
Assessed 2023
Previous assessed
$105,740
+32.2% YoY
Effective rate
5.49%
On assessed value
Assessed land
$5,420
Assessed improvement
$134,340
Land market value
$27,100
Improvement market value
$671,700
Total market value
$698,800
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
4,195 SF
Lot
0.08 ac (3,385 SF)
Zoning code
CP
APN
39-00-13-1-004-062.000
UPID
US03-0412442
Jurisdiction
JEFFERSON
Zoning & alternative use
CP · Hoover, AL
Zoning CP · permitted uses
CP · 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
$550,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$745,000
OFFICE BUILDING
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$675,000
RETAIL STORES
Est. value
$515,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Inoz Holding Co LLC
Entity
Mailing address
118 SHADES CRST RD, HOOVER, AL 35226-1012
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2022
$799,000
Inoz Holding Co LLC
Lorna Professionals LLC
Warranty Deed
$760,000 · First Horizon
Oct 14, 2016
—
Lorna Professionals LLC
—
Deed
related
$450,000 · Iberiabank
—
—
Lorna Professionals LLC
—
Deed Of Trust
related
$450,000 · Iberiabank
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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