End-Unit Office Suite with
2807 Greystone Commercial Boulevard Birmingham, AL 35242
2807 Greystone Commercial Boulevard, Birmingham, AL, 35242
Contact for pricing
For Sale
Contact for pricing
End unit in Greystone Commercial building with five offices, reception, conference room, two bathrooms, and kitchenette.
Property Size1,896 SF
Price / SF$221.47
Days on Market65
Property Features for 2807 Greystone Commercial Boulevard
General Information
- Standard status
- Active
- Size
- 1,896 SF
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 2007
Listing agency
Century 21 Advantage Birmingham
(205) 965-7733
Listed by
daphney massey · License #000082245
Source
Crexi
Added: May 20 Updated: Jul 21 at 3:07PM Checked: Jul 22 at 5:41PM
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 Century 21 Advantage Birmingham
Investment Insights
Based on property information with market context.
This end-unit office suite is located within the Greystone Commercial building and includes five office spaces plus a reception area. The interior also features a conference room, two bathrooms, and a kitchenette. The suite has windows on the side and includes back access.
The building is described as being just off HWY 280 by The Shops at Lee Branch, and the property offers lots of parking.
The available configuration supports multiple private offices along with shared reception and meeting space, with restroom and kitchenette amenities within the suite.
The building is described as being just off HWY 280 by The Shops at Lee Branch, and the property offers lots of parking.
The available configuration supports multiple private offices along with shared reception and meeting space, with restroom and kitchenette amenities within the suite.
Key Highlights
- Office space in Greystone Commercial building built in 2007
- End unit with windows on the side
- Includes 5 office spaces plus a reception area
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 | $38.7k | $20.40 |
| − Vacancy | −$8.3k | −$4.39 |
| EGI | $30.4k | $16.01 |
| − OpEx | −$7.6k | −$4.00 |
| NOI | $22.8k | $12.01 |
1,896 SF · lease $20.40/SF/yr · vacancy 21.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$325.3K
$284.7K – $379.5K
NOI $22,772 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$445.0K
$389.4K – $519.2K
NOI $31,152 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Castlewood at The Highlands
Eating Disorder Treatment Center
Fisher-Gilson Ruth A
Physician
Kristi Sibert Nutrition
Physician
Mary Elizabeth Goodrich
Counselor
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FAQs
What type of property is this?
Office units - End unit in Greystone Commercial building with five offices, reception, conference room, two bathrooms, and kitchenette.
Where is this office units located?
The property is located at 2807 Greystone Commercial Boulevard Birmingham, AL.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Office space in Greystone Commercial building built in 2007; End unit with windows on the side; Includes 5 office spaces plus a reception area
