Commercial Land with Existing
For Sale
$799,000
1319 Opelika Rd, Auburn, AL 36830
CRD-S-zoned site includes office and retail space along Opelika Road.
Property Size2,640 SF
Price / SF$302.65
Days on Market77
Property Features for 1319 Opelika Rd
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Commercial
Building Details
Year Built
1937
Listing Agency:
COMPREHENSIVE COMMERCIAL
Listed By:
COLE MAXWELL · License #000155218
(334) 707-8402
Source:
Searchhomesinmontgomery
Added: Jul 20
Changed: Oct 3
Last Checked: Oct 3 at 2:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COMPREHENSIVE COMMERCIAL
Investment Insights
Based on property information with market context.
This commercial site spans ±0.45 acres and includes approximately 2,640 SF of existing office and retail space. The building was constructed in 1937, and the property carries CRD-S zoning. Opelika Road frontage measures approximately 100 feet, with traffic counts of approximately 21,000 VPD.
The property is just off the East University Drive and Opelika Road intersection, next to Chicken Salad Chick and across from Auburn’s Midtown development. Its location provides access to Auburn, Opelika, Auburn University, Highway 280, and I-85.
The property is just off the East University Drive and Opelika Road intersection, next to Chicken Salad Chick and across from Auburn’s Midtown development. Its location provides access to Auburn, Opelika, Auburn University, Highway 280, and I-85.
Key Highlights
- ±0.45 acres with approximately 2,640 SF of office and retail space
- Approximately 100 feet of frontage on Opelika Road
- CRD‑S zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,735
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$654,700
$654.7K
Cap Rate 7%
$467,643
$467.6K
Cap Rate 9%
$363,722
$363.7K
Market Conditions
NOI Build-Up for 2,640 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.9K $20.04/SF
− Vacancy
−$9.3K −$3.51/SF
EGI
$43.6K $16.53/SF
− OpEx
−$10.9K −$4.13/SF
NOI
$32.7K $12.40/SF
Area
Lee County, AL
Vacancy
17.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$654,700
Cap Rate 7%
$467,643
Cap Rate 9%
$363,722
Alternative Uses
Best Use
Office B
$467.6K
$409.2K – $545.6K
NOI $32,735 @ 7.0% cap · market cap 4.10%
Second Best
Retail
$355.2K
$310.8K – $414.4K
NOI $24,865 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$643.9K
$563.4K – $751.2K
NOI $45,072 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,002
Businesses Nearby
Explore this area
Business Placement
Demographics for 36830, AL
47,543
Population
23,146
Households
2.1
Avg Household Size
30
Median Age
63%
College-Educated
96%
High-School Grad
109.5 sq mi
ZIP Area
434
Density / Sq Mi
$63,761
Median Household Income
$37,414
Median Earnings
$1,033
Median Rent
$346,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - CRD-S-zoned site includes office and retail space along Opelika Road.
Where is this commercial land located?
The property is located at 1319 Opelika Rd Auburn, AL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: ±0.45 acres with approximately 2,640 SF of office and retail space; Approximately 100 feet of frontage on Opelika Road; CRD‑S zoning
