Sign Up Successful!
You now have access to more from Realmo!
    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

    118 N Donahue Dr, Unit 202 Auburn, AL 36832

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $685,000

    Two-bedroom, two-bath condo near Jordan-Hare Stadium.

    Property size:
    1,116 SF

    Property Features for 118 N Donahue Dr

    General Information

    Size
    1,116 SF

    Building Details

    Year built
    2000

    We can help!

    Listing Contact
    Source: Kw

    Listing Agency: Keller Williams Realty Montgomery

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Condo Near Auburn Stadium

    This two-bedroom, two-bath condo is situated blocks from Jordan-Hare Stadium, Neville Arena, and Plainsman Park. The property is near campus, restaurants, shopping, and the Auburn community. It features a bright, open living area, a well-equipped kitchen, and two spacious bedrooms, each with a full bath. The condo has a total size of 1116 square feet and includes three reserved parking spaces. Most furnishings remain with the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Elevator Line Elevator Service Auburn Brew Crew Manufacturer

    Suggested Use

    Realty agency Law Firm Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Lee
    State
    Alabama
    Longitude
    -85.4901892
    Latitude
    32.6069935

    Nearby Similar for Sale

    • $1,973,000
      50.00 Acres

      AUBURN Farm with Scenic Creek

      50-acre farm property featuring pastures, woods, and a creek.
      8182 County Road 53, Auburn, AL 36832
      View Details
    • $625,000
      1,012 SF

      Renovated Duplex Near Toomer's Corner

      Rare, renovated duplex near downtown Auburn, ideal for investors.
      115 W Drake Ave, Auburn, AL 36830
      View Details
    • $300,000
      2,864 SF

      Investment Property Near Auburn University

      Duplex with redevelopment potential near Auburn University's campus.
      907 Old Mill Rd, Auburn, AL 36830
      View Details
    • $450,000
      2,664 SF

      Auburn Multifamily Property For Sale

      Multifamily property in Auburn, Alabama, with dedicated parking.
      744 Yeager Ln, Auburn, AL 36832
      View Details
    • $125,000
      0.11 Acres

      Deeded RV Lots Near Auburn

      RV resort lots near Auburn campus with game day amenities.
      41 Lee Road 51, Auburn, AL 36832
      View Details
    • $574,999
      23.18 Acres

      Acreage in Auburn City Limits

      23-acre property with income potential in Auburn, Alabama.
      649 Persimmon Dr, Auburn, AL 36830
      View Details
    • Contact for pricing
      67,296 SF

      Auburn Multifamily Investment Opportunity

      72-unit multifamily property in Auburn, AL, renovated in 2013.
      1330 Shug Jordan Pkwy, Auburn, AL 36832
      View Details
    • $402,000

      Renovated Condo Near Auburn University

      Move-in ready, renovated 3BR/3BA condo near Auburn University.
      626 Shug Jordan Pkwy, Auburn, AL 36830
      View Details
    • $246,400
      988 SF

      Updated Condo in Longleaf Villas

      Updated 2BR/2Bath condo with garage, near pool and clubhouse.
      447 W Longleaf Dr, Auburn, AL 36832
      View Details
    • $440,000
      1,884 SF

      Auburn Condo Near University

      Four-bedroom, four-bath condo near Auburn University, available Fall 2025.
      650 Dekalb St, Auburn, AL 38630
      View Details
    • Contact for pricing

      Opelika Road Retail/Restaurant Opportunity

      Restaurant/Retail property with high visibility near Auburn University.
      1463 Opelika Rd, Auburn, AL 36830
      View Details
    • $2,650,000

      Taco Bell NNN Investment

      Long-term absolute NNN lease with established Taco Bell franchisee.
      1365 N Donahue Dr, Auburn, AL 36832
      View Details

    FAQs

    What type of property is this?
    Specialty property - Two-bedroom, two-bath condo near Jordan-Hare Stadium.
    Where is this specialty property located?
    The property is located at 118 N Donahue Dr, Unit 202 Auburn, AL.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: - Prime location just blocks from Jordan-Hare Stadium, Neville Arena, and Plainsman Park.; - Includes **3 reserved parking spaces**.; - Two bedrooms, each with its own full bath.
    Request Owner's contact information
    118 N Donahue Dr, Unit 202 Auburn, AL 36832
    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.
    118 N Donahue Dr, Unit 202
    Auburn, AL 36832
    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
    118 N Donahue Dr, Unit 202 Auburn, AL 36832
    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

    We can help!
    Listing Contact
    Learn more
    Google sign-in failed. Please try again or use another login method.