Restaurant Building with Outdoor
For Sale
$429,999
11186 AL HIGHWAY 51, Opelika, AL 36804
Commercial/Industrial, OPELIKA, AL
Property Size3,084 SF
Lot Size2.24 Acres
Price / SF$139.43
Days on Market51
Property Features for 11186 AL HIGHWAY 51
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
On Marvyn Pkwy towards Hurtsboro from Opelika HWY 169, Stay on HWY 51 for 7.7 miles and keep left onto hwy 51. Destination is on the right in 1.3 miles.
Subdivision
Lee County
Standard status
Active
Size
3,084 SF
Lot size
2.24 Acres
Amenities
ceiling fans
wall-mounted TVs
covered porch entrance
Building Details
Year built
1930
Listing Agency:
CAST AND KEY REALTY LLC
(334) 703-2810
Listed By:
STEPHANIE CANNON · License #111077843
(334) 444-9028
Added: Aug 25
Changed: Sep 29
Last Checked: Oct 14 at 12:06AM
MLS# 182062
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.
Investment Insights
Based on property information with market context.
This restaurant property includes an approximately 3,084-square-foot building on approximately 2.24 acres. Interior improvements include stainless steel preparation areas, a separate stainless steel-walled room with a commercial-grade vented hood, and a fire-suppression system. The dining and service areas feature tables, chairs, booths, a handcrafted stained-pine bar, wall-mounted TVs, ceiling fans, and fresh paint. A covered porch marks the entrance, while the exterior includes a 16' x 36' patio.
The property fronts AL Highway 51 near Whatley's Crossroads, with approximately 5,000 vehicles per day. It is located about 20 minutes from Auburn, 20 minutes from Phenix City, and 20 minutes from I-85 North. Additional site and building features include newly wired power and outlets and a sprinkler system. Built in 1930, the property is configured for restaurant, bar, event venue, or other commercial use as described in the source information.
The property fronts AL Highway 51 near Whatley's Crossroads, with approximately 5,000 vehicles per day. It is located about 20 minutes from Auburn, 20 minutes from Phenix City, and 20 minutes from I-85 North. Additional site and building features include newly wired power and outlets and a sprinkler system. Built in 1930, the property is configured for restaurant, bar, event venue, or other commercial use as described in the source information.
Key Highlights
- Approximately 3,084 sq. ft. building on approximately 2.24 acres
- 16' x 36' outdoor patio plus covered porch entrance
- Commercial‑grade vented hood, stainless steel prep areas, and fire‑suppression system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,036
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,720
$680.7K
Cap Rate 7%
$486,229
$486.2K
Cap Rate 9%
$378,178
$378.2K
Market Conditions
NOI Build-Up for 3,084 SF
Gross rent
$49.2K $15.96/SF
− Vacancy
−$3.8K −$1.24/SF
EGI
$45.4K $14.72/SF
− OpEx
−$11.3K −$3.68/SF
NOI
$34.0K $11.04/SF
Area
Lee County, AL
Vacancy
7.80%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,720
Cap Rate 7%
$486,229
Cap Rate 9%
$378,178
Alternative Uses
Best Use
Specialty Retail
$486.2K
$425.5K – $567.3K
NOI $34,036 @ 7.0% cap · market cap 7.92%
Second Best
Industrial
$203.2K
$177.8K – $237.0K
NOI $14,222 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$752.2K
$658.2K – $877.5K
NOI $52,652 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
5,000 VPD
Traffic count
Yes
Sprinkler system
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36804, AL
20,687
Population
8,515
Households
2.4
Avg Household Size
39
Median Age
32%
College-Educated
86%
High-School Grad
197.2 sq mi
ZIP Area
105
Density / Sq Mi
$57,842
Median Household Income
$42,942
Median Earnings
$802
Median Rent
$178,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Food-service improvements include commercial ventilation, prep areas, and a fire-suppression system.
Where is this conventional restaurant located?
The property is located at 11186 AL HIGHWAY 51 Opelika, AL.
What is the asking price?
The asking price for this property is $429,999.
What are key features of this property?
This property features: Approximately 3,084 sq. ft. building on approximately 2.24 acres; 16' x 36' outdoor patio plus covered porch entrance; Commercial‑grade vented hood, stainless steel prep areas, and fire‑suppression system
