Flex-Warehouse with Truck
302 Alabama Street, Auburn, AL 36832
For Sale
Contact for pricing
Flex-warehouse with a heated/cooled office and multiple roll-up doors for practical loading and everyday operations.
Property Size18,450 SF
Price / SF$113.82
Days on Market154
Property Features for 302 Alabama Street
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Dock-High Doors
Drive-In Doors
Additional Details
Highway Access
Building Details
Tenancy
Listing Agency:
Moore Company Realty
Listed By:
Perry Patino · License AL 156372-1
(334) 531-0125
Source:
Crexi
Added: Jun 10
Changed: Nov 5
Last Checked: Nov 10 at 7:05AM
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 Moore Company Realty
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Investment Insights
Based on property information with market context.
This flex-warehouse property includes a heated/cooled office plus warehouse space designed for a mix of storage and light operational needs. Loading is supported by two truck docks and three roll-up doors, including one 15x12 roll-up door and two 12x8 roll-up doors, giving flexibility for receiving and distribution workflows.
Located at 302-304 Alabama St in Auburn, the property is positioned about 2.4± miles from Auburn University and approximately 3.5± miles from I-85. The combination of local access and proximity to the interstate can be useful for businesses that need to move goods while remaining close to central Auburn.
For tenants or owner-users seeking functional warehouse space with an on-site office, the layout supports day-to-day management alongside loading activity. The presence of multiple roll-up options and dock access can help accommodate different door heights and receiving setups, while the dedicated office helps keep administrative work separate from the warehouse floor.
Located at 302-304 Alabama St in Auburn, the property is positioned about 2.4± miles from Auburn University and approximately 3.5± miles from I-85. The combination of local access and proximity to the interstate can be useful for businesses that need to move goods while remaining close to central Auburn.
For tenants or owner-users seeking functional warehouse space with an on-site office, the layout supports day-to-day management alongside loading activity. The presence of multiple roll-up options and dock access can help accommodate different door heights and receiving setups, while the dedicated office helps keep administrative work separate from the warehouse floor.
Key Highlights
- Flex‑warehouse at 302‑304 Alabama St, Auburn, AL
- Heated/cooled office space included
- Two truck docks for loading and receiving
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$154,568
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,091,360
$3.1M
Cap Rate 7%
$2,208,114
$2.2M
Cap Rate 9%
$1,717,422
$1.7M
Market Conditions
NOI Build-Up for 18,450 SF
Gross rent
$259.0K $14.04/SF
− Vacancy
−$21.2K −$1.15/SF
EGI
$237.8K $12.89/SF
− OpEx
−$83.2K −$4.51/SF
NOI
$154.6K $8.38/SF
Area
Lee County, AL
Vacancy
8.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,091,360
Cap Rate 7%
$2,208,114
Cap Rate 9%
$1,717,422
Alternative Uses
Best Use
Flex RnD
$2.21M
$1.93M – $2.58M
NOI $154,568 @ 7.0% cap · market cap 7.36%
Second Best
Warehouse
$1.54M
$1.35M – $1.80M
NOI $108,126 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$4.50M
$3.94M – $5.25M
NOI $314,990 @ 7.0% cap · market cap 15.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Dock-high doors
3
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 36832, AL
29,349
Population
14,136
Households
2.1
Avg Household Size
26
Median Age
50%
College-Educated
95%
High-School Grad
68.1 sq mi
ZIP Area
431
Density / Sq Mi
$34,957
Median Household Income
$23,874
Median Earnings
$1,018
Median Rent
$222,900
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Flex-warehouse with a heated/cooled office and multiple roll-up doors for practical loading and everyday operations.
Where is this flex space located?
The property is located at 302 Alabama Street Auburn, AL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Flex‑warehouse at 302‑304 Alabama St, Auburn, AL; Heated/cooled office space included; Two truck docks for loading and receiving
