Office-Flex Unit with Rear Roll-Up
New
For Sale
$425,000
2803 Greystone Commercial Boulevard 20, Hoover, AL 35242
Move-in-ready office-flex unit with a finished front end, rear roll-up door, and dedicated on-site parking.
Property Size2,010 SF
Price / SF$211.44
Days on Market5
Property Features for 2803 Greystone Commercial Boulevard 20
General Information
Standard status
Active
Size
2,010 SF
Property subtype
Commercial/Industrial
Additional Details
Highway Access
Yes
Drive-In Doors
1
Office Units
1
Building Details
Year Built
2007
Listing Agency:
Keller Williams Realty Vestavia
(205) 397-6501
Listed By:
Susanne Moore
(205) 397-6501
Source:
Exitrealty
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 31 at 5:42AM
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 Keller Williams Realty Vestavia
Investment Insights
Based on property information with market context.
Office-flex Unit 20 at Greystone Commercial offers a finished professional front end paired with direct loading capability. The layout includes multiple private offices, open work areas, and a conference room, with the added practicality of a rear roll-up door for loading, storage, and staging.
Designed for businesses that need both a client-facing space and operational flexibility, the back of the unit includes drive-up access. Dedicated on-site parking supports day-to-day arrivals and service needs.
The unit is part of a well-maintained, professionally managed complex with immediate Highway 280 access. It’s located minutes from Lee Branch and surrounded by retail, dining, banking, and other business services. Built in 2007, the space totals 2,010 SF.
Designed for businesses that need both a client-facing space and operational flexibility, the back of the unit includes drive-up access. Dedicated on-site parking supports day-to-day arrivals and service needs.
The unit is part of a well-maintained, professionally managed complex with immediate Highway 280 access. It’s located minutes from Lee Branch and surrounded by retail, dining, banking, and other business services. Built in 2007, the space totals 2,010 SF.
Key Highlights
- Office‑flex Unit 20 at Greystone Commercial
- Rear roll‑up door for direct loading, storage, and staging
- Drive‑up access at the back of the unit
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 | $53.3k | $26.52 |
| − Vacancy | −$6.1k | −$3.02 |
| EGI | $47.2k | $23.50 |
| − OpEx | −$11.8k | −$5.87 |
| NOI | $35.4k | $17.62 |
2,010 SF · lease $26.52/SF/yr · vacancy 11.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$506.0K
$442.8K – $590.4K
NOI $35,421 @ 7.0% cap · market cap 8.33%
Second Best
Warehouse
$320.9K
$280.8K – $374.4K
NOI $22,461 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$691.5K
$605.1K – $806.7K
NOI $48,404 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,218
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35242, AL
57,008
Population
25,247
Households
2.3
Avg Household Size
42
Median Age
65%
College-Educated
97%
High-School Grad
52.4 sq mi
ZIP Area
1,088
Density / Sq Mi
$116,053
Median Household Income
$59,731
Median Earnings
$1,430
Median Rent
$452,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Last Note Catering — 207 Shoal Run Trail, Birmingham, AL 35242
- Constantine Catering Services, LLC — 5409 US-280, Birmingham, AL 35242
- Christian Catering Co — Birmingham, AL 35242
- Publix Catering at The Village at Lee Branch — 410 Doug Baker Blvd, Hoover, AL 35242
Frequently Asked Questions
What type of property is this?
Flex space - Move-in-ready office-flex unit with a finished front end, rear roll-up door, and dedicated on-site parking.
Where is this flex space located?
The property is located at 2803 Greystone Commercial Boulevard 20 Hoover, AL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Office‑flex Unit 20 at Greystone Commercial; Rear roll‑up door for direct loading, storage, and staging; Drive‑up access at the back of the unit
