Commercial Land with Office
New
For Sale
$799,000
1319 OPELIKA Road, Auburn, AL 36830
Commercial/Industrial, AUBURN, AL
Property Size2,640 SF
Lot Size0.45 Acres
Price / SF$302.65
Days on Market3
Property Features for 1319 OPELIKA Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
commerical
Subdivision
Auburn
Standard status
Active
Size
2,640 SF
Lot size
0.45 Acres
Building Details
Year built
1937
Listing Agency:
COMPREHENSIVE COMMERCIAL
(334) 559-4914
Listed By:
COLE MAXWELL · License #000155218
(334) 707-8402
Added: Aug 26
Last Checked: Aug 28 at 4:06PM
MLS# 182084
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 commercial land offering includes an existing 2,640-square-foot office and retail building constructed in 1937. The property occupies approximately 0.45 acres and provides about 100 feet of frontage along Opelika Road, giving the site a combination of land area, existing improvements, and road exposure.
The property is positioned near the East University Drive and Opelika Road intersection, adjacent to Chicken Salad Chick and across from Auburn’s Midtown development. Access extends to Auburn, Opelika, Auburn University, Highway 280, and I-85. The building and site configuration support consideration by an owner-user or investor seeking a commercial property with existing space and a prominent corridor position.
The property is positioned near the East University Drive and Opelika Road intersection, adjacent to Chicken Salad Chick and across from Auburn’s Midtown development. Access extends to Auburn, Opelika, Auburn University, Highway 280, and I-85. The building and site configuration support consideration by an owner-user or investor seeking a commercial property with existing space and a prominent corridor position.
Key Highlights
- Approximately 0.45 acres of commercial land
- Existing 2,640 SF office and retail building
- Approximately 100 feet of Opelika Road frontage
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
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Existing office and retail improvements occupy a commercial site along Opelika Road near major Auburn activity centers.
Where is this commercial land located?
The property is located at 1319 OPELIKA Road 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: Approximately 0.45 acres of commercial land; Existing 2,640 SF office and retail building; Approximately 100 feet of Opelika Road frontage
