Mixed-Use Property with Attached
For Sale
$475,000
4760 HEATH Road, Auburn, AL 36830
Commercial/Industrial, AUBURN, AL
Property Size1,700 SF
Lot Size0.60 Acres
Price / SF$279.41
Days on Market360
Property Features for 4760 HEATH Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commerical
Subdivision
LONGHORN
Directions
Corner of Hwy 147 and Hwy 280
Standard status
Active
Size
1,700 SF
Lot size
0.60 Acres
Building Details
Year built
1960
Listing Agency:
PORTER PROPERTIES
(334) 887-2070
Listed By:
GLORIA PRITCHARD GITTINGS
(256) 825-2059
Added: Nov 2, 2025
Changed: Oct 18
Last Checked: Oct 27 at 4:06PM
MLS# 179147
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 mixed-use property combines a renovated main residence with an attached apartment on a 0.6-acre level corner lot. The 1,700-square-foot main house was built in 1960 and includes refinished hardwood flooring, updated kitchen and bathroom areas, new windows, and cabinets. A metal roof was installed 5 years ago.
The apartment has its own entrance, dedicated air-conditioning unit, covered porch, and appliances. City water serves the property, and the site includes substantial parking. The property is positioned at the corner of U.S. 280 and Hwy 147, with reported drive-by traffic of over 43,000 vehicles daily on Hwy 280. Its Auburn location and combined residential-commercial configuration support a range of potential operating arrangements.
The apartment has its own entrance, dedicated air-conditioning unit, covered porch, and appliances. City water serves the property, and the site includes substantial parking. The property is positioned at the corner of U.S. 280 and Hwy 147, with reported drive-by traffic of over 43,000 vehicles daily on Hwy 280. Its Auburn location and combined residential-commercial configuration support a range of potential operating arrangements.
Key Highlights
- Mixed‑use property on a 0.6‑acre level corner lot
- 1,700 square feet; built in 1960
- Attached apartment with appliances, private entry, air unit, and covered porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,918
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,360
$298.4K
Cap Rate 7%
$213,114
$213.1K
Cap Rate 9%
$165,756
$165.8K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$26.5K $15.60/SF
− Vacancy
−$2.7K −$1.56/SF
EGI
$23.9K $14.04/SF
− OpEx
−$9.0K −$5.27/SF
NOI
$14.9K $8.77/SF
Area
Lee County, AL
Vacancy
10.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,360
Cap Rate 7%
$213,114
Cap Rate 9%
$165,756
Alternative Uses
Best Use
Mixed Use
$213.1K
$186.5K – $248.6K
NOI $14,918 @ 7.0% cap · market cap 3.14%
Second Best
Multifamily LT 5
$207.6K
$181.6K – $242.2K
NOI $14,530 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$414.6K
$362.8K – $483.7K
NOI $29,023 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
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Business Placement
Demographics for 36830, AL
47,543
Population
23,146
Households
2.1
Avg Household Size
30
Median Age
63%
College-Educated
96%
High-School Grad
109.5 sq mi
ZIP Area
434
Density / Sq Mi
$63,761
Median Household Income
$37,414
Median Earnings
$1,033
Median Rent
$346,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated main residence with a separate apartment, covered porch, substantial parking, and commercial-use context.
Where is this mixed-use property located?
The property is located at 4760 HEATH Road Auburn, AL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Mixed‑use property on a 0.6‑acre level corner lot; 1,700 square feet; built in 1960; Attached apartment with appliances, private entry, air unit, and covered porch
