Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Growing Auburn Title is generated by Realmo AI

    2021 S College St, Auburn, AL 36832

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in Auburn-Opelika metro area near Auburn University.

    Added:
    Nov 25, 2025
    Days on Market:
    175
    Last Refresh:
    Apr 6 at 1:17 am

    Property Features for 2021 S College St

    General Information

    Standard status
    Active

    Spaces For Lease

    at 2021 S College St Contact us

    We can help!

    Listing Contact
    Will Vickery

    Listing agent Will Vickery

    Listing office

    Listing date Nov 25, 2025

    Source Tscg

    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 Will Vickery

    HighLights

    • Centrally located along the South College retail corridor (26K VPD) in the rapidly growing Auburn‑Opelika MSA.
    • Close proximity to Auburn University and its 31,000 students.
    • Located in Auburn, the largest city in Eastern Alabama and a principal city of the Auburn‑Opelika Metropolitan Area.
    • Auburn‑Opelika is Alabama's fastest growing metro area.
    • Last remaining space available: 2,460 SF.
    • Auburn's retail corridors have seen massive redevelopment efforts over the last decade.

    Overview

    Located in Auburn, the largest city in Eastern Alabama and a principal city within the Auburn-Opelika Metropolitan Area, this retail space benefits from its location in Alabama's fastest-growing metro area. The Auburn-Opelika MSA, driven by the influence of education and home to Auburn University, has a population of 18,773. The available space measures 2,460 square feet. Situated along the South College retail corridor, which sees 26,000 vehicles per day, the property is positioned near Auburn University and its 31,000 students. The retail corridors in Auburn have undergone significant redevelopment in the past decade, reflecting the rising population numbers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Joe Liddy Coldwell ... Real Estate Agency Measured Marketing Advertising Agency Cecilia Murphy, Realtor ... Real Estate Agency Kent Mccown Group ... Real Estate Agency Kelly Woods, Realtor ... Real Estate Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Lee
    State
    Alabama
    Longitude
    -85.5013
    Latitude
    32.5671

    Nearby Similar for Lease

    • Contact for pricing
      13,253 SF

      Former CVS Available For Lease

      Former CVS available for lease with 13,253 SF.
      1498 Opelika Rd, Auburn, AL 36830
      View Details
    • Contact for pricing
      90,000 SF

      Class-A Office Space in Auburn

      New Class-A office and retail space in downtown Auburn.
      100 North Gay Street, Auburn, AL 36831
      View Details
    • Contact for pricing
      1,830 SF

      Restaurant Space with Drive-Thru

      1,830 SF second-generation restaurant space with drive-thru.
      2059 S College St, Auburn, AL 36832
      View Details
    • Contact for pricing

      Retail Space Near Auburn University

      Retail space available in mixed-use development near Auburn University.
      206 N. Gay Street, Auburn, AL 36830
      View Details
    • Contact for pricing

      Retail Space in Auburn, Alabama

      Available retail anchor space in a dominant market.
      1716 Opelika Road, Auburn, AL 36830
      View Details
    • Contact for pricing

      Auburn Distribution Center with Access

      Class A warehouse with controlled access and multiple loading docks.
      3100 Beehive Road, Auburn, AL 36832
      View Details
    • Contact for pricing
      2,463 SF

      Retail Space in Auburn

      Retail space in a booming student housing complex.
      191 N College St, Auburn, AL 36830
      View Details
    • Contact for pricing
      2,000 SF

      Office and Warehouse Space Available

      Office and warehouse space for lease near downtown Auburn.
      453 Opelika Rd, Auburn, AL 36830
      View Details
    • Contact for pricing
      7,500 SF

      Auburn Industrial Park Flex Space

      Office and warehouse space with laydown yard in Auburn.
      2217 Pumphrey Ave, Auburn, AL 36832
      View Details
    • Contact for pricing
      55,000 SF

      Industrial Space with Loading Docks

      55,000 SF industrial space with multiple loading options.
      2117 McMillan St, Auburn, AL 36832
      View Details
    • Contact for pricing

      Retail Space Near Auburn University

      Highly visible retail shopping center near Auburn University.
      1499 S College St, Auburn, AL 36832
      View Details
    • $30 SF/Yr

      Retail Space For Lease

      Retail space available for lease.
      Samford Trce Ct, Auburn, AL 36830
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in Auburn-Opelika metro area near Auburn University.
    Where is this retail space located?
    The property is located at 2021 S College St Auburn, AL.
    What are key features of this property?
    This property features: Centrally located along the South College retail corridor (26K VPD) in the rapidly growing Auburn‑Opelika MSA.; Close proximity to Auburn University and its 31,000 students.; Located in Auburn, the largest city in Eastern Alabama and a principal city of the Auburn‑Opelika Metropolitan Area.
    (205) 776-6720
    We can help!
    Listing Contact
    Will Vickery
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2021 S College St, Auburn, AL 36832
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!