Renovated Office
For Sale
$1,100,000
3373 Society Hill Rd, Opelika, AL 36804
C-2 zoning, basement storage, and an adjacent lot support a flexible professional office configuration.
Property Size2,495 SF
Lot Size3.14 Acres
Price / SF$440.88
Days on Market99
Property Features for 3373 Society Hill Rd
General Information
Standard status
Active
Size
2,495 SF
Lot size
3.14 Acres
Zoning
C-2
Site & Location
Traffic Count
14,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
commercial, office
Building Details
Year Renovated
2023
Buildings
1
Building Size
2,495 SF
Listing Agency:
COMPREHENSIVE COMMERCIAL
(334) 707-8402
Listed By:
COLE MAXWELL · License #000155218
(334) 707-8402
Source:
Exprealty
Added: May 6
Changed: Aug 11
Last Checked: Aug 11 at 6:29AM
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 COMPREHENSIVE COMMERCIAL
Investment Insights
Based on property information with market context.
The property consists of a 2,495 SF office building on 3.14 acres, with basement storage accessible from both inside and outside. Renovated in 2023, the building is arranged with approximately seven private office or work areas, a conference room, copy room, two restrooms, kitchen space, and additional storage. The existing configuration supports office use and service-oriented operations, while the additional adjacent lot provides room for future commercial improvements, office expansion, or warehousing.
Access is available from Gateway Drive, with connections to I-85 at Exit 58 and Exit 60. The property is near Tiger Town, Opelika Industrial Parks, and the Auburn-Opelika market. The nearby Gateway Drive and Wyndham Village Drive intersection reports approximately 14,000 vehicles per day, providing measurable traffic exposure for the surrounding commercial corridor.
Access is available from Gateway Drive, with connections to I-85 at Exit 58 and Exit 60. The property is near Tiger Town, Opelika Industrial Parks, and the Auburn-Opelika market. The nearby Gateway Drive and Wyndham Village Drive intersection reports approximately 14,000 vehicles per day, providing measurable traffic exposure for the surrounding commercial corridor.
Key Highlights
- 3.14‑acre commercial property with an additional adjacent lot included
- 2,495 SF office building with basement storage and interior and exterior access
- Renovated in 2023 with approximately seven private office or work areas
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
Mixed Use
$312.8K
$273.7K – $364.9K
NOI $21,894 @ 7.0% cap · market cap 1.99%
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
78
Businesses Nearby
Explore this area
Business Placement
Demographics for 36804, AL
20,687
Population
8,515
Households
2.4
Avg Household Size
39
Median Age
32%
College-Educated
86%
High-School Grad
197.2 sq mi
ZIP Area
105
Density / Sq Mi
$57,842
Median Household Income
$42,942
Median Earnings
$802
Median Rent
$178,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - C-2 zoning, basement storage, and an adjacent lot support a flexible professional office configuration.
Where is this office building located?
The property is located at 3373 Society Hill Rd 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‑acre commercial property with an additional adjacent lot included; 2,495 SF office building with basement storage and interior and exterior access; Renovated in 2023 with approximately seven private office or work areas
