Turn-Key Office with
1617 2nd Avenue Opelika, AL 36801
1617 2nd Avenue, Opelika, AL, 36801
$375,000
For Sale
$375,000
Equipped office building with drive-thru window ready for immediate operation.
Property Size1,543 SF
Price / SF$243.03
Days on Market165
Property Features for 1617 2nd Avenue
General Information
- Standard status
- Active
- Size
- 1,543 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1999
Listing Agency
HOMELINK REALTY
(334) 663-1752
Listed by
BILL PRICE · License #103706
(334) 663-1752
Source
Exitrealty
Added: Feb 2 Checked: Jul 10 at 3:55 pm
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 HOMELINK REALTY
Investment Insights
Based on property information with market context.
This 1,543 square foot commercial property is equipped with desks, fireproof filing cabinets, and a security system that includes fully functioning cameras covering all areas of the property. It features a drive-thru window for servicing customers or clients from their vehicles. A glassed-in office in one corner provides a complete view of the entire working area. The property is suitable for a CPA, financial advisor, or any operation seeking a turn-key office solution, allowing a buyer to immediately commence operations upon purchase. The property is located in Opelika, Alabama.
Key Highlights
- Turn‑key office ready for immediate operation.
- Drive‑thru window for customer/client service.
- Security system with fully functioning cameras.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.9k | $20.04 |
| − Vacancy | −$5.4k | −$3.51 |
| EGI | $25.5k | $16.53 |
| − OpEx | −$6.4k | −$4.13 |
| NOI | $19.1k | $12.40 |
1,543 SF · lease $20.04/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$273.3K
$239.2K – $318.9K
NOI $19,133 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$376.3K
$329.3K – $439.1K
NOI $26,343 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rice Banking Co
Loan Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Equipped office building with drive-thru window ready for immediate operation.
Where is this office units located?
The property is located at 1617 2nd Avenue Opelika, AL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Turn‑key office ready for immediate operation.; **Drive‑thru window** for customer/client service.; Security system with fully functioning cameras.
