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    Property profile & analytics

    3545 Lorna Rdg Dr Hoover, AL 35216-5246

    • Office Properties & Spaces
    • 3,348 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimation
    $270,000
    Location Intelligence
    Property ID
    US03-1040592
    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 3545 Lorna Rdg Dr

    Year built
    1988
    Lot size
    0.26 lot acres
    Property size
    3,348 SF
    Zone code
    CP
    Property type
    Office Properties & Spaces
    APN
    40-00-07-3-001-052.010
    APU
    4000073001052010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $245,000
      6.5%
      $290,000
      7%
      $250,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $240,000
      Geo Method
      $265,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $240,000
      Retail
      $320,000
      Mixed-Use
      $235,000
      Hospitality
      $245,000
      Educational
      $315,000
      Residential Income
      $315,000
      Energy
      $235,000
      Income-Based Land
      $290,000
      Food Service
      $295,000

    Location Insight

    • Map
    • Local Demand
    City
    Hoover
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7925
    Latitude
    33.3941
    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
    $5,323
    $18,200
    $76,360
    $94,560
    -
    $91,000
    $381,800
    $472,800

    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
      $375,000
      2,940 SF

      3408 Lorna Ln

      OFFICE (GENERAL) • 2,940 SF
      3408 Lorna Ln, Hoover, AL 35216-5228
      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

    Similar Nearby for Sale

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      Prime Retail/Restaurant Space - Hwy 31
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      Hoover Office Building - Cash Offer Only

      High-traffic location, occupied building, lease in place.
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    • $685,000
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      Hoover Office Building - $685K

      Prime Hoover location, 5,052 SF office.
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      8,614 SF Medical Office, 100% Occupied
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    • $1,600,000
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      Lorna Road Office Building Investment

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    Similar Nearby for Lease

    • $19 SF/Yr
      56,000 SF

      Highpoint Office Center: Prime Space Available

      Class A Office Suites, Birmingham, AL
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      View Details
    • $19 SF/Yr
      43,934 SF

      Barbour Building Office Suites

      Vestavia Hills office space, flexible layouts.
      601 Vestavia Pkwy, Vestavia Hills, AL 35216
      View Details
    • $18 SF/Yr
      12,848 SF

      Rocky Ridge Office Park Suites

      Vestavia Hills office space available.
      3284 Morgan Dr, Vestavia Hills, AL 35216
      View Details
    • Contact for pricing
      25,428 SF

      Lorna Square Office Suites

      Hoover, AL Office Space Available
      3150 Lorna Rd, Hoover, AL 35216
      View Details
    • $11 SF/Yr
      10,000 SF

      Hoover Flex Space For Rent

      Flex space with office, dock door, and convenient location.
      3433-3439 Lorna Ln, Hoover, AL 35216
      View Details
    • $15 SF/Yr
      2,224 SF

      Georgetown Plaza Office Space Available

      Prime Birmingham Office, 2,224 sq ft.
      3057 Lorna Rd, Birmingham, AL 35216
      View Details
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    Hoover, AL 35216-5246
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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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