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Property profile & analytics
OFF-MARKET
Estimated value
$18,795,000
Grocery and convenience stores
3750 Lorna Rd Hoover, AL 35216-6206
Entity Owned
7-yr Hold
Free & Clear
Property ID
US03-0869418
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1979
Total area
128,658 SF
Lot
19 ac (827,640 SF)
Zoning code
PC
APN
39-00-13-4-000-011.005
UPID
US03-0869418
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
$19.35M
Comparable Approach
Comparable
$24.35M
Blend (final)
Blend
$18.80M
Owner & transaction history
Trea Riverchase Village LLC · 7 yrs held
Trea Riverchase Village LLC
since 2018
3 recorded transactions
Zoning & alternative use
PC · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$25.9M
+64.9%
Medical building
$22.9M
+45.5%
Office building
$21.5M
+36.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,955,000
6.5%
$19,345,000
7%
$17,965,000
Alternative Use
Use
Estimation
RETAIL STORES
$15,735,000
Current use
APARTMENT HOUSE (5+ UNITS)
$25,940,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$22,900,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$21,515,000
Change: +37% · Conversion: Easy
AUTO REPAIR, GARAGE
$20,715,000
Change: +32% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,935,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$18.80M
Range $16.92M – $20.67M · ±10%
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
$146 / 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
$376,322
Tax year 2022
Assessed value
$5,654,900
Assessed 2023
Previous assessed
$5,183,500
+9.1% YoY
Effective rate
6.65%
On assessed value
Assessed land
$2,151,860
Assessed improvement
$3,503,040
Land market value
$10,759,300
Improvement market value
$17,515,200
Total market value
$28,274,500
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
5
Total area
128,658 SF
Lot
19 ac (827,640 SF)
Zoning code
PC
APN
39-00-13-4-000-011.005
UPID
US03-0869418
Jurisdiction
JEFFERSON
Zoning & alternative use
PC · Hoover, AL
Zoning PC · permitted uses
PC · 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
RETAIL STORES Current
Est. value
$15.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$25.9M
MEDICAL BUILDING
Est. value
$22.9M
OFFICE BUILDING
Est. value
$21.5M
AUTO REPAIR, GARAGE
Est. value
$20.7M
COMMERCIAL (GENERAL)
Est. value
$16.9M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1979
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
5
Lot
19 ac
Current owner
From public records · entity-resolved
Trea Riverchase Village LLC
Entity
Free & Clear · 7 yrs held
Mailing address
8500 ANDREW CARNEGIE BLVD, CHARLOTTE, NC 28262-8500
Ownership since
2018
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
Oct 30, 2018
$37,000,000
Trea Riverchase Village LLC
Riverchase Lora LP
Grant Deed
—
Sep 7, 2011
—
Riverchase Lorna LP
Owner Name Unavailable
Grant Deed
related
—
Jun 9, 2006
—
Riverchase Station INC
Heritage Property Inv
Warranty Deed
$40,600,000 · La Salle Fsb
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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