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Property profile & analytics
OFF-MARKET
Estimated value
$7,215,000
Hotels
6220 Farley Ct Hoover, AL 35242-2815
Entity Owned
3-yr Hold
Free & Clear
Property ID
US03-1088683
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2011
Total area
61,114 SF
Lot
2.54 ac (110,773 SF)
APN
93050001043000
UPID
US03-1088683
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
$4.42M
Comparable Approach
Comparable
$5.78M
Blend (final)
Blend
$7.22M
Owner & transaction history
Birmigham Hospitality LLC · 3 yrs held
Birmigham Hospitality LLC
since 2022
Last sale
$8.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.9M
+24.0%
Office building
$9.9M
+13.1%
Auto repair, garage
$9.8M
+12.2%
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
$9,015,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,790,000
6.5%
$4,420,000
7%
$4,105,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$8,775,000
Current use
MEDICAL BUILDING
$10,880,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$9,920,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,840,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,215,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$7.22M
Range $6.49M – $7.94M · ±10% · vs last sale $8.43M (Sep 22 2022)
Last sale anchor
$8.43M
Sep 22 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
$118 / 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
$110,211
Tax year 2023
Assessed value
$1,648,940
Assessed 2023
Previous assessed
$1,648,940
+0.0% YoY
Effective rate
6.68%
On assessed value
Land market value
$1,140,960
Improvement market value
$7,103,670
Total market value
$8,244,630
Applied tax rate
13.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2011
Heating
FORCED AIR
Cooling
YES
Stories
4
Rooms
4
Bathrooms
1
Total area
61,114 SF
Lot
2.54 ac (110,773 SF)
APN
93050001043000
UPID
US03-1088683
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
HOTEL/MOTEL Current
Est. value
$8.8M
MEDICAL BUILDING
Est. value
$10.9M
OFFICE BUILDING
Est. value
$9.9M
AUTO REPAIR, GARAGE
Est. value
$9.8M
COMMERCIAL (GENERAL)
Est. value
$8.2M
HOTEL/MOTEL Current
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
2011
Heating
FORCED AIR
Cooling
Yes
Stories
4
Rooms
4
Bathrooms
1
Lot
2.54 ac
Current owner
From public records · entity-resolved
Birmigham Hospitality LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1101 N PROSPECT AVE, ITASCA, IL 60143-1414
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2022
$8,425,000
Birmigham Hospitality LLC
Mcneill Birmingham LLC
Quit Claim Deed
—
Jun 27, 2022
$8,425,000
Birmingham Hospitality LLC
Mcneill Birmingham LLC
Quit Claim Deed
$7,400,000 · Lmf Commercial LLC
Mar 16, 2016
$10,600,000
Mcneill Birmingham LLC
Birmingham Hotels I LLC
Warranty Deed
$7,450,000 · Financial Federal Bank
Jan 29, 2010
—
Birmingham Hotels I LLC
Aig Baker East Village L L C
Warranty Deed
—
Dec 10, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
May 27, 2004
—
Aig Baker East Village LLC
Farley,hubert W JR
Warranty Deed
related
—
—
—
Birmingham Hotels I LLC
—
Deed Of Trust
related
$5,075,000 · Redstone FCU
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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