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Property profile & analytics
OFF-MARKET
Estimated value
$2,380,000
Office Spaces
410 Lorna Sq Hoover, AL 35216-5441
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US03-0877514
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1978
Total area
18,314 SF
Lot
1.71 ac (74,618 SF)
Zoning code
C1
APN
39-00-12-1-011-010.000
UPID
US03-0877514
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
$2.28M
CAP Approach
CAP
$3.27M
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$2.38M
Owner & transaction history
Ansoco LLC · 4 yrs held
Ansoco LLC
since 2022
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
C1 · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.7M
+53.2%
Medical building
$3.3M
+35.2%
Office building
$3.1M
+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
$2,260,000
ML approach
$2,275,000
CAP Approach
CAP Return
Estimation
6%
$3,545,000
6.5%
$3,270,000
7%
$3,040,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,410,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,690,000
Change: +53% · Conversion: Moderate
MEDICAL BUILDING
$3,260,000
Change: +35% · Conversion: Easy
OFFICE BUILDING
$3,060,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,950,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$2,240,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$2.38M
Range $2.14M – $2.62M · ±10% · vs last sale $2.49M (Jan 31 2022)
Last sale anchor
$2.49M
Jan 31 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
$130 / 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
$18,758
Tax year 2022
Assessed value
$328,040
Assessed 2023
Previous assessed
$258,380
+27.0% YoY
Effective rate
5.72%
On assessed value
Assessed land
$77,580
Assessed improvement
$250,460
Land market value
$387,900
Improvement market value
$1,252,300
Total market value
$1,640,200
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
1978
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
2
Total area
18,314 SF
Lot
1.71 ac (74,618 SF)
Zoning code
C1
APN
39-00-12-1-011-010.000
UPID
US03-0877514
Jurisdiction
JEFFERSON
Zoning & alternative use
C1 · Hoover, AL
Zoning C1 · permitted uses
C1 · 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
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.0M
RETAIL STORES
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
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
1978
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
2
Lot
1.71 ac
Current owner
From public records · entity-resolved
Ansoco LLC
Entity
Mailing address
3741 DUNBARTON DR, MOUNTAIN BRK, AL 35223-2937
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2022
$2,490,000
Ansoco LLC
Collateral Holdings LLC
Warranty Deed
$2,241,000 · Southpoint Bank
Apr 12, 2018
—
Collateral Holdings LLC
—
Grant Deed
related
$1,500,000 · Regions Bk
Jul 24, 2008
—
Collateral Holdings Ltd
Owner Name Unavailable
Grant Deed
related
—
Jan 1, 1991
$1,380,000
New South Federal Savings Bank
—
Deed Of Trust
related
—
—
—
Collateral Holdings Ltd
—
Deed Of Trust
related
$2,017,000 · Nb Commerce
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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