Office Condo Suite with
2803 Greystone Commercial Boulevard Unit 12, Hoover, AL 35242
Functional office condominium suite with multiple offices, common areas, and on-site parking near major transportation.
Type:Office, Mixed Use
Property size:
1,440 SFPrice / SF:
$229/SF- Added:
- Jun 18, 2026
- Days on Market:
- 17
- Last Refresh:
- Jun 24 at 5:03 am
Property Features for 2803 Greystone Commercial Boulevard Unit 12
General Information
- Standard status
- Active
- Size
- 1,440 SF
- Property subtype
- Office, Mixed Use
Building Details
- Year Built
- 2007
Listing office Deaton Realty LLC
Listing date Jun 18, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Deaton Realty LLC
HighLights
- Year built 2007 office condominium suite in a well‑maintained office complex
- Suite 12 at 2803 Greystone Commercial Boulevard in Birmingham’s established Greystone commercial corridor
- Functional layout with multiple office spaces plus common areas
- Flexible floor plan for private offices, collaborative workspaces, meeting areas, or administrative functions
- Includes on‑site parking and convenient access to Highway 280
Overview
Suite 12 at 2803 Greystone Commercial Boulevard is an office condominium located within a maintained office complex. The space offers a functional layout with multiple office spaces and common areas, designed to support a range of professional needs. Depending on how an operator wants to run the day-to-day, the floor plan can work for private offices, collaboration, meeting space, or administrative functions.
The property is positioned on the established Greystone commercial corridor and provides convenient access to Highway 280. It is also situated near retail, dining, and business services, which can help support client and staff needs. The location is described as being near the Lee Branch area and major transportation routes, with access intended to be straightforward for clients, customers, and employees.
This suite is a practical fit for professional tenants or buyers seeking a dedicated office condominium setting with on-site parking and interior flexibility. Its mix of private office options and shared/common areas can support a variety of office-based operations that benefit from a professional, organized environment within an office complex.
The property is positioned on the established Greystone commercial corridor and provides convenient access to Highway 280. It is also situated near retail, dining, and business services, which can help support client and staff needs. The location is described as being near the Lee Branch area and major transportation routes, with access intended to be straightforward for clients, customers, and employees.
This suite is a practical fit for professional tenants or buyers seeking a dedicated office condominium setting with on-site parking and interior flexibility. Its mix of private office options and shared/common areas can support a variety of office-based operations that benefit from a professional, organized environment within an office complex.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.2k | $26.52 |
| − Vacancy | −$4.4k | −$3.02 |
| EGI | $33.8k | $23.50 |
| − OpEx | −$8.5k | −$5.87 |
| NOI | $25.4k | $17.62 |
1,440 SF · lease $26.52/SF/yr · vacancy 11.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$362.5K
$317.2K – $422.9K
NOI $25,376 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$495.4K
$433.5K – $578.0K
NOI $34,677 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Hoover
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.666886
- Latitude
- 33.4113811
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Functional office condominium suite with multiple offices, common areas, and on-site parking near major transportation.
Where is this office units located?
The property is located at 2803 Greystone Commercial Boulevard Unit 12 Hoover, AL.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Year built 2007 office condominium suite in a well‑maintained office complex; Suite 12 at 2803 Greystone Commercial Boulevard in Birmingham’s established Greystone commercial corridor; Functional layout with multiple office spaces plus common areas
