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Property profile & analytics
OFF-MARKET
Estimated value
$6,105,000
Investment properties
3875 Chapel S Ln Hoover, AL 35244-5069
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0618730
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2005
Construction
STEEL FRAME
Total area
37,032 SF
Lot
4.13 ac (180,033 SF)
Zoning code
C2
APN
39-00-14-4-000-013.005
UPID
US03-0618730
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
$6.62M
Comparable Approach
Comparable
$7.65M
Blend (final)
Blend
$6.11M
Owner & transaction history
Logan Birmingham Associates LP · 10 yrs held
Logan Birmingham Associates LP
since 2016
2 recorded transactions
Zoning & alternative use
C2 · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.1M
+103.4%
Neighborhood: shopping center
$10.0M
+101.1%
Apartment house (5+ units)
$7.5M
+50.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,165,000
6.5%
$6,615,000
7%
$6,140,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,980,000
Current use
RESTAURANT
$10,125,000
Change: +103% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,010,000
Change: +101% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,465,000
Change: +50% · Conversion: Moderate
MEDICAL BUILDING
$6,590,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$6,170,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,960,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$4,530,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$6.11M
Range $5.49M – $6.72M · ±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
$165 / 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
$109,392
Tax year 2022
Assessed value
$1,638,920
Assessed 2023
Previous assessed
$1,506,780
+8.8% YoY
Effective rate
6.67%
On assessed value
Assessed land
$612,060
Assessed improvement
$1,026,860
Land market value
$3,060,300
Improvement market value
$5,134,300
Total market value
$8,194,600
Applied tax rate
66.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
37,032 SF
Lot
4.13 ac (180,033 SF)
Zoning code
C2
APN
39-00-14-4-000-013.005
UPID
US03-0618730
Jurisdiction
JEFFERSON
Zoning & alternative use
C2 · Hoover, AL
Zoning C2 · permitted uses
C2 · 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
$5.0M
RESTAURANT
Est. value
$10.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$6.6M
OFFICE BUILDING
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$6.0M
RETAIL STORES
Est. value
$4.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
4.13 ac
Current owner
From public records · entity-resolved
Logan Birmingham Associates LP
Entity
Mailing address
121 INTERPARK BLVD STE #308, SAN ANTONIO, TX 78216-1852
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2016
—
Logan Birmingham Associates LP
—
Deed
related
$5,000,000 · Bank Of America
—
—
Logan Birmingham Associates LP
—
Deed Of Trust
related
$5,000,000 · Bank Of America
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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