Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1403 E GLENN AVENUE Auburn, AL 36830

    View on Map
    For Sale
    $925,000

    Commercial/Industrial - AUBURN, AL

    Property size:
    2,675 SF
    Lot size:
    1.15 Acres
    Added:
    Nov 17, 2025
    Days on Market:
    136
    Last Refresh:
    Apr 2 at 12:06 am

    Property Features for 1403 E GLENN AVENUE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    2,675 SF
    Lot size
    1.15 Acres

    Building Details

    Year built
    1951
    Architectural style
    Other

    We can help!

    Listing Contact
    NICK HAYES

    Listing agent NICK HAYES

    Listing office ROOTS REAL ESTATE INVESTMENT & DEVELOPMENT 235 N GAY ST, AUBURN, AL

    Listing date Nov 17, 2025

    MLS# 177583 Listing URL

    Copyright © 2026 Lee County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Auburn Land Development Opportunity

    This 1.15-acre parcel presents a prime development opportunity within an Opportunity Zone on E Glenn Avenue in Auburn, Alabama. The property features 210 feet of road frontage along Glenn Avenue and overlooks Dinius Park, including a pond, offering an attractive setting for potential projects. According to the City of Auburn Future Land Use Plan, the property is slated for rezoning from DDH to CRD-E, which would accommodate a range of commercial and residential uses. A residential project could potentially allow for up to 9 units, based on a density of up to 8 units per acre. The rezoning would also permit most office, restaurant, and retail uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Lee
    State
    Alabama
    Longitude
    -85.452576
    Latitude
    32.610004

    Nearby Similar for Sale

    • $800,000
      4,876 SF

      Auburn Retail/Flex Space Opportunity

      Prime retail/flex space in a rapidly growing Auburn market.
      1848 OPELIKA ROAD, AUBURN, AL 36830
      View Details
    • $899,000
      2,640 SF

      Commercial Property in Growing Auburn

      High-visibility commercial property in a rapidly growing Auburn area.
      1319 OPELIKA ROAD, AUBURN, AL 36830
      View Details
    • $300,000
      2,864 SF

      Auburn Multifamily Investment Opportunity

      Investment property near Auburn University with redevelopment potential.
      907 OLD MILL ROAD, AUBURN, AL 36830
      View Details
    • $499,900
      1,700 SF

      Prime Corner Lot on Highway

      High-visibility commercial land with potential for various uses.
      4760 HEATH ROAD, AUBURN, AL 36830
      View Details
    • $950,000
      1,576 SF

      Auburn Commercial/Industrial Investment Opportunity

      High-growth corridor property zoned CDD, ideal for redevelopment.
      236 LAKE STREET, AUBURN, AL 36832
      View Details
    • $2,300,000
      8,108 SF

      Auburn Multifamily Investment Opportunity

      Well-maintained 8-unit apartment complex near Auburn University.
      1500 E GLENN AVENUE, AUBURN, AL 36830
      View Details
    • $775,000
      4,360 SF

      Versatile Auburn Office Building

      Multi-use office building with residential and commercial spaces.
      525 AIRPORT ROAD, AUBURN, AL 36830
      View Details
    • $699,000
      1,482 SF

      Auburn Commercial Land For Sale

      Commercial land in Auburn, AL, zoned for short term rentals.
      721 E GLENN AVENUE, AUBURN, AL 36830
      View Details
    • $309,999
      1,983 SF

      Auburn Duplex Near Toomers Corner

      One-level duplex in Auburn, convenient to shopping and Toomers Corner.
      100/102 OAK STREET, AUBURN, AL 36830
      View Details
    • $1,500,000

      Auburn Commercial Land on Highway

      4 acre commercial parcel on Highway 280 in Auburn.
      0 US HIGHWAY 280, AUBURN, AL 36830
      View Details
    • $850,000
      1,364 SF

      Auburn Commercial/Industrial Investment Opportunity

      Prime infill opportunity in a rapidly developing Auburn corridor.
      246 LAKE STREET, AUBURN, AL 36832
      View Details
    • $519,900

      Three Acre Lot in Auburn

      Pristine three-acre lot in an exclusive Auburn neighborhood.
      2562 BLACKWOOD COURT, AUBURN, AL 36830
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime 1.15-acre development opportunity in Auburn's Opportunity Zone.
    Where is this commercial land located?
    The property is located at 1403 E GLENN AVENUE Auburn, AL.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: Prime development opportunity in an Opportunity Zone; Located on E Glenn Avenue in Auburn, inside the loop; 1.15 acre parcel with **210 feet of road frontage**
    (334) 444-2799
    We can help!
    Listing Contact
    NICK HAYES
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!