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Property profile & analytics
OFF-MARKET Estimated value $1,465,000
Retail space

2815 Greystone Commercial Blvd Hoover, AL 35242-2664

8,221 SF 0.53 ac lot Built 1996
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US03-0743262
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.47M
Blend (final) Blend
$1.47M
Owner & transaction history
Illescas Holdings LLC · 12 yrs held
Illescas Holdings LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.5M +46.4%
Office building $1.3M +30.0%
Commercial (general) $1.1M +3.7%
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