Property profile

2815 Greystone Commercial Blvd Hoover, AL 35242

OFF-MARKET
Retail space
Property ID
US03-0743262
8,221 SF 0.53 ac lot Built 1996
Entity Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A retail space, totaling 3,400 square feet, is ideally situated at 2815 Greystone Commercial Blvd in Hoover, Alabama, 35242. Located directly on US Highway 280, this property boasts unparalleled visibility and accessibility, benefiting from a daily traffic count of 58,520 vehicles. The single-story building underwent a complete renovation in 2021, resulting in a modern and attractive space. The entire 3,400 square feet is currently vacant and available for lease. While previously used as a real estate office, this versatile space is suitable for a variety of retail uses. Benefit from prominent signage opportunities, including large signage visible from Highway 280 and monument signage, ensuring maximum brand exposure. This location is managed locally and enjoys proximity to some of Birmingham's most affluent and rapidly growing neighborhoods. The property is part of a larger 28,000 square foot building, offering a strong presence in a high-traffic area. This is a rare opportunity to secure a prime retail space in a thriving market.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1996
Total area 8,221 SF
Lot 0.53 ac (23,130 SF)
APN 93050003086000
UPID US03-0743262

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2815 Greystone Commercial Blvd Hoover, AL 35242-2664
Hoover metro Census 30348 BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.47M
Blend (final) Blend
$975k

Owner & transaction history

since 2014
6 recorded transactions
2018
Price N/A
2014
$1.0M
2011
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $1.5M +46.4%
Office building $1.3M +30.0%
Commercial (general) $1.1M +3.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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