Renovated Office
For Sale
$1,100,000
3373 SOCIETY HILL Road, Opelika, AL 36802
Commercial/Industrial, OPELIKA, AL
Property Size2,495 SF
Lot Size3.14 Acres
Price / SF$440.88
Days on Market110
Property Features for 3373 SOCIETY HILL Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
c-2
Subdivision
Opelika
Standard status
Active
Size
2,495 SF
Lot size
3.14 Acres
Building Details
Year built
1950
Listing Agency:
COMPREHENSIVE COMMERCIAL
(334) 559-4914
Listed By:
COLE MAXWELL · License #000155218
(334) 559-4914
Added: May 6
Changed: Aug 20
Last Checked: Aug 23 at 1:06AM
MLS# 180354
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 office property includes a renovated 2,495 SF building on 3.14 acres, with additional basement storage accessible from both inside and outside. The layout provides approximately seven private office or work areas, a conference room, copy room, two restrooms, kitchen area, and additional storage. Renovation work was completed in 2023. The site also includes an adjacent lot and is zoned C-2.
Located at 3373 Society Hill Road in Opelika, the property sits near Gateway Drive and provides access to I-85 through Exits 58 and 60. Tiger Town, Opelika Industrial Parks, Auburn, and major transportation corridors are nearby. The intersection of Gateway Drive and Wyndham Village Drive records approximately 14,000 vehicles per day.
Located at 3373 Society Hill Road in Opelika, the property sits near Gateway Drive and provides access to I-85 through Exits 58 and 60. Tiger Town, Opelika Industrial Parks, Auburn, and major transportation corridors are nearby. The intersection of Gateway Drive and Wyndham Village Drive records approximately 14,000 vehicles per day.
Key Highlights
- 3.14 Acres Total
- 2,495 SF office building with basement storage
- Renovated in 2023
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
$30,937
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
2.81%
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%
$618,740
$618.7K
Cap Rate 7%
$441,957
$442.0K
Cap Rate 9%
$343,744
$343.7K
Market Conditions
NOI Build-Up for 2,495 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
$50.0K $20.04/SF
− Vacancy
−$8.7K −$3.51/SF
EGI
$41.2K $16.53/SF
− OpEx
−$10.3K −$4.13/SF
NOI
$30.9K $12.40/SF
Area
Lee County, AL
Vacancy
17.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
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%
$618,740
Cap Rate 7%
$441,957
Cap Rate 9%
$343,744
Alternative Uses
Best Use
Office B
$442.0K
$386.7K – $515.6K
NOI $30,937 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$608.5K
$532.5K – $709.9K
NOI $42,596 @ 7.0% cap · market cap 3.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - C-2-zoned office property with private work areas, meeting space, basement storage, and an adjacent lot for expansion.
Where is this office building located?
The property is located at 3373 SOCIETY HILL Road Opelika, AL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3.14 Acres Total; 2,495 SF office building with basement storage; Renovated in 2023
