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Property profile & analytics
OFF-MARKET
Estimated value
$4,205,000
Medical Office Space
5410 Hwy 280, Hoover, AL 35242-6501
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US03-1001199
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Total area
16,125 SF
Lot
3.12 ac (135,907 SF)
APN
39320001008005
UPID
US03-1001199
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
$3.15M
Comparable Approach
Comparable
$4.03M
Blend (final)
Blend
$4.21M
Owner & transaction history
Jbh2 Holdings LLC · 1 yrs held
Jbh2 Holdings LLC
since 2025
Last sale
$4.9M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.4M
+53.6%
Neighborhood: shopping center
$4.4M
+51.9%
Apartment house (5+ units)
$3.3M
+13.3%
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
$4,140,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,405,000
6.5%
$3,145,000
7%
$2,920,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,870,000
Current use
RESTAURANT
$4,410,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,360,000
Change: +52% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,250,000
Change: +13% · Conversion: Moderate
OFFICE BUILDING
$2,615,000
Change: -9% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,595,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$4.21M
Range $3.78M – $4.63M · ±10% · vs last sale $4.85M (Feb 5 2025)
Last sale anchor
$4.85M
Feb 5 2025
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
$261 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$54,813
Tax year 2023
Assessed value
$1,245,760
Assessed 2023
Previous assessed
$1,245,760
+0.0% YoY
Effective rate
4.40%
On assessed value
Land market value
$2,358,900
Improvement market value
$3,869,840
Total market value
$6,228,740
Applied tax rate
1.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
2
Bathrooms
2
Total area
16,125 SF
Lot
3.12 ac (135,907 SF)
APN
39320001008005
UPID
US03-1001199
Jurisdiction
SHELBY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.9M
RESTAURANT
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.6M
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2009
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
2
Lot
3.12 ac
Current owner
From public records · entity-resolved
Jbh2 Holdings LLC
Entity
Mailing address
3700 CAHABA BCH RD, BIRMINGHAM, AL 35242-5225
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2025
$4,850,000
Jbh2 Holdings LLC
Dbi Properties Greystone LLC
Warranty Deed
$485,000 · Colony Bank
Jan 31, 2025
$2,700,000
5412 Real Estate LLC
Dbi Properties Greystone LLC
Warranty Deed
$1,384,500 · Bank Five Nine
Jul 23, 2018
—
Dbi Properties Greystone LLC
—
Loan Modification
related
$6,048,601 · Peoples Bk/al
Sep 29, 2017
$222,500
D Bruce Irwin
Dbi Properties Greystone LLC
Warranty Deed
—
Jun 30, 2006
$2,200,000
D Bruce Irwin
County Of Shelby
Corporation Deed
$3,573,000 · Renasant Bank
Jun 30, 2006
—
Irwin D Bruce
Owner Name Unavailable
Grant Deed
related
—
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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