Snooze Mattress Retail
For Sale
Contact for pricing
1415 Opelika Rd, Auburn, AL 36830
Commercial retail property constructed in 1990.
Property Size8,190 SF
Price / SF$213.68
Days on Market162
Property Features for 1415 Opelika Rd
General Information
Standard status
Active
Size
8,190 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$126,000
Additional Details
Cap Rate
7.2%
Building Details
Year Built
1990
Year Renovated
2015
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Denver
Listed By:
Tres Ridley · License #FA. 100103916
Source:
Crexi
Added: Mar 23
Changed: Aug 30
Last Checked: Aug 30 at 4:22PM
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 Marcus & Millichap - Denver
Investment Insights
Based on property information with market context.
Snooze Mattress is a retail property at 1415 Opelika Rd in Auburn, Alabama. The building contains 8,190 square feet and was constructed in 1990, providing an established physical setting for retail operations.
The property is offered for sale and is identified with a 7.20% CAP rate. Its retail classification and existing building area support continued consideration as a commercial storefront asset.
The property is offered for sale and is identified with a 7.20% CAP rate. Its retail classification and existing building area support continued consideration as a commercial storefront asset.
Key Highlights
- 8,190‑square‑foot retail property
- Located at 1415 Opelika Rd, Auburn, AL 36830
- Building constructed in 1990
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
$77,138
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
4.41%
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%
$1,542,760
$1.5M
Cap Rate 7%
$1,101,971
$1.1M
Cap Rate 9%
$857,089
$857.1K
Market Conditions
NOI Build-Up for 8,190 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
$122.9K $15.00/SF
− Vacancy
−$12.7K −$1.55/SF
EGI
$110.2K $13.46/SF
− OpEx
−$33.1K −$4.04/SF
NOI
$77.1K $9.42/SF
Area
Lee County, AL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,542,760
Cap Rate 7%
$1,101,971
Cap Rate 9%
$857,089
Alternative Uses
Best Use
Retail
$1.10M
$964.2K – $1.29M
NOI $77,138 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,825 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,013
Businesses Nearby
385k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Apparel 20%
Shops & Services 16%
Groceries 10%
Walmart Neighborhood Market
Groceries
39,483 visits/mo
0.2 miles
Belk
Apparel
37,731 visits/mo
0.5 miles
Dillard's
Apparel
31,719 visits/mo
0.5 miles
HomeGoods
Home Improvements & Furnishings
26,716 visits/mo
0.3 miles
Culver's
Dining
24,060 visits/mo
0.4 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial retail property constructed in 1990.
Where is this retail space located?
The property is located at 1415 Opelika Rd Auburn, AL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 8,190‑square‑foot retail property; Located at 1415 Opelika Rd, Auburn, AL 36830; Building constructed in 1990
