3305 PEPPERELL Parkway, Opelika, AL 36801

Building Details

Year built 1998 More

Listing Agency: COMPREHENSIVE COMMERCIAL

Listed By: COLE MAXWELL Show Phone

Added: Sep 23 Changed: Oct 20 Last Checked: Nov 9 at 3:06AM

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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.

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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.

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 / Yr

$37,674

Cap Rate

6.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$753,480 $753.5K

Cap Rate 7%

$538,200 $538.2K

Cap Rate 9%

$418,600 $418.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $68,291 @ 7.0% cap · market cap 10.93%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Opelika Sewing Center (Bike/Boat/Book/etc) Store main street helen ... Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Dental Office Pharmacy Skin Care Clinic (Bike/Boat/Book/etc) Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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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