Retail Space with
New
For Sale
$625,000
3305 PEPPERELL Parkway, Opelika, AL 36801
Commercial/Industrial, OPELIKA, AL
Property Size4,000 SF
Lot Size0.42 Acres
Price / SF$156.25
Days on Market2
Property Features for 3305 PEPPERELL Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Opelika
Standard status
Active
Size
4,000 SF
Lot size
0.42 Acres
Building Details
Year built
1998
Listing Agency:
COMPREHENSIVE COMMERCIAL
(334) 559-4914
Listed By:
COLE MAXWELL · License #000155218
(334) 707-8402
Added: Sep 23
Last Checked: Sep 24 at 6:06PM
MLS# 182516
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 4,000 SF retail property, built in 1998, provides an adaptable interior for commercial operations. The layout includes a large showroom, stock room, private office, and two restrooms, with two entrances supporting customer and staff circulation. A large parking area and available signage locations add practical functionality for a retail or service-oriented operation.
Positioned on Pepperell Parkway near Veterans Parkway in Opelika, the property sees approximately 25,000 vehicles per day. The site offers access to Auburn, Opelika, Highway 280, and surrounding Lee County, with Auburn Mall, established retail, residential growth, and major transportation routes in the surrounding area. C-3 Commercial zoning supports the property's commercial positioning.
Positioned on Pepperell Parkway near Veterans Parkway in Opelika, the property sees approximately 25,000 vehicles per day. The site offers access to Auburn, Opelika, Highway 280, and surrounding Lee County, with Auburn Mall, established retail, residential growth, and major transportation routes in the surrounding area. C-3 Commercial zoning supports the property's commercial positioning.
Key Highlights
- 4,000 SF building on Pepperell Parkway
- Approximately 25,000 vehicles per day
- C‑3 Commercial zoning
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
$37,674
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
6.03%
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%
$753,480
$753.5K
Cap Rate 7%
$538,200
$538.2K
Cap Rate 9%
$418,600
$418.6K
Market Conditions
NOI Build-Up for 4,000 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
$60.0K $15.00/SF
− Vacancy
−$6.2K −$1.55/SF
EGI
$53.8K $13.46/SF
− OpEx
−$16.1K −$4.04/SF
NOI
$37.7K $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%
$753,480
Cap Rate 7%
$538,200
Cap Rate 9%
$418,600
Alternative Uses
Best Use
Retail
$538.2K
$470.9K – $627.9K
NOI $37,674 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$975.6K
$853.6K – $1.14M
NOI $68,291 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
25,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
206k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 57%
Shops & Services 27%
Dining 7%
Apparel 5%
Walmart
Superstores
117,090 visits/mo
0.4 miles
Murphy USA
Shops & Services
24,144 visits/mo
0.3 miles
Dollar Tree
Shops & Services
20,045 visits/mo
0.2 miles
Bargain Hunt
Shops & Services
9,517 visits/mo
0.4 miles
Goodwill
Apparel
8,095 visits/mo
0.5 miles
Demographics for 36801, AL
24,590
Population
11,363
Households
2.2
Avg Household Size
38
Median Age
33%
College-Educated
89%
High-School Grad
78.3 sq mi
ZIP Area
314
Density / Sq Mi
$58,256
Median Household Income
$39,018
Median Earnings
$926
Median Rent
$211,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Flexible commercial building with open display space, parking, signage potential, and C-3 Commercial zoning.
Where is this retail space located?
The property is located at 3305 PEPPERELL Parkway Opelika, AL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 4,000 SF building on Pepperell Parkway; Approximately 25,000 vehicles per day; C‑3 Commercial zoning
