Flex Space with Roll-Up
For Sale
$420,000
2803 Greystone Commercial Boulevard Unit 20, Hoover, AL 35242
Finished office areas combine with rear loading access and dedicated parking in a professionally managed commercial complex.
Property Size2,010 SF
Price / SF$208.96
Days on Market62
Property Features for 2803 Greystone Commercial Boulevard Unit 20
General Information
Standard status
Active
Size
2,010 SF
Additional Details
HOA Fee
$401.42
Highway Access
Yes
Drive-In Doors
1
Building Details
Year Built
2007
Listing Agency:
Keller Williams Realty Vestavia
Listed By:
Susanne Moore
(806) 771-7710
Source:
Birminghamrealestategroup
Added: Aug 13
Changed: Oct 3
Last Checked: Oct 7 at 4:02PM
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.
Unit 20 is a 2,010-square-foot flex property built in 2007, combining finished office improvements with functional service space. The interior includes multiple private offices, open work areas, and a conference room, while the rear roll-up door provides drive-up loading and storage access. Dedicated on-site parking is included.
The property is located at 2803 Greystone Commercial Boulevard with immediate access to Highway 280. The surrounding area includes retail, dining, banking, and business services, and Lee Branch is only minutes away. This configuration supports a client-facing office presence alongside receiving, storage, and staging functions.
The property is located at 2803 Greystone Commercial Boulevard with immediate access to Highway 280. The surrounding area includes retail, dining, banking, and business services, and Lee Branch is only minutes away. This configuration supports a client-facing office presence alongside receiving, storage, and staging functions.
Key Highlights
- 2,010 SF flex unit with finished office improvements
- Rear roll‑up door provides drive‑up loading and storage access
- Multiple private offices, open work areas, and a conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,421
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,420
$708.4K
Cap Rate 7%
$506,014
$506.0K
Cap Rate 9%
$393,567
$393.6K
Market Conditions
NOI Build-Up for 2,010 SF
Gross rent
$53.3K $26.52/SF
− Vacancy
−$6.1K −$3.02/SF
EGI
$47.2K $23.50/SF
− OpEx
−$11.8K −$5.87/SF
NOI
$35.4K $17.62/SF
Area
Jefferson County, AL
Vacancy
11.40%
Lease Rate
$26.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,420
Cap Rate 7%
$506,014
Cap Rate 9%
$393,567
Alternative Uses
Best Use
Office B
$506.0K
$442.8K – $590.4K
NOI $35,421 @ 7.0% cap · market cap 8.43%
Second Best
Warehouse
$320.9K
$280.8K – $374.4K
NOI $22,461 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$691.5K
$605.1K – $806.7K
NOI $48,404 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
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
- Publix Catering at The Village at Lee Branch — 410 Doug Baker Blvd, Hoover, AL 35242
- Last Note Catering — 207 Shoal Run Trail, Birmingham, AL 35242
- Christian Catering Co — Birmingham, AL 35242
- Constantine Catering Services, LLC — 5409 US-280, Birmingham, AL 35242
Frequently Asked Questions
What type of property is this?
Flex space - Finished office areas combine with rear loading access and dedicated parking in a professionally managed commercial complex.
Where is this flex space located?
The property is located at 2803 Greystone Commercial Boulevard Unit 20 Hoover, AL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 2,010 SF flex unit with finished office improvements; Rear roll‑up door provides drive‑up loading and storage access; Multiple private offices, open work areas, and a conference room
