Redevelopment Land with Diesel
5018-3 US HIGHWAY 80 W Opelika, AL 36804
For Sale
$350,000
As-is commercial redevelopment parcel with three existing structures, including a heavy-duty diesel workshop on a concrete slab.
Property Size1,988 SF
Lot Size10.03 Acres
Price / SF$176.06
Days on Market257
Property Features for 5018-3 US HIGHWAY 80 W
General Information
- Standard status
- Active
- Size
- 1,988 SF
- Lot size
- 10.03 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1976
Listing Agency:
COLDWELL BANKER KENNON,PARKER,DUNCAN&DAVIS
(706) 681-0811
Listed By:
HEATHER WILLIAMS · License #104754
(706) 681-0811
Source:
Exitrealty
Added: Nov 10, 2025
Changed: Jul 21
Last Checked: Jul 25 at 6:38AM
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 COLDWELL BANKER KENNON,PARKER,DUNCAN&DAVIS
Investment Insights
Based on property information with market context.
This redevelopment parcel offers a mix of open and wooded areas and three existing structures being sold As-Is. The improvements include a 1976 single-level brick home that was converted into office space in the 1990s, an 800 sq ft manufactured home, and a heavy-duty diesel workshop built on a concrete slab. The workshop measures 35' x 70' and includes a 20' x 20' rolling gate, supporting equipment storage or conversion to a new commercial use. Contents from the former business operation remain with the property.
Located just off US-80 in Opelika, Alabama, the site provides utility infrastructure already in place and access to major transportation corridors.
The property size provides room for redevelopment planning and flexible site layout around the existing structures and shop configuration.
Located just off US-80 in Opelika, Alabama, the site provides utility infrastructure already in place and access to major transportation corridors.
The property size provides room for redevelopment planning and flexible site layout around the existing structures and shop configuration.
Key Highlights
- 10.025‑acre parcel located just off US‑80 in Opelika, AL, with open and wooded land areas
- Includes a 1976 single‑level brick home (1988 SF) converted to office space in the 1990s
- Also includes an 800 SF manufactured home on the property
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.8k | $20.04 |
| − Vacancy | −$7.0k | −$3.51 |
| EGI | $32.9k | $16.53 |
| − OpEx | −$8.2k | −$4.13 |
| NOI | $24.7k | $12.40 |
1,988 SF · lease $20.04/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$352.2K
$308.1K – $410.9K
NOI $24,651 @ 7.0% cap · market cap 7.04%
Second Best
Warehouse
$166.4K
$145.6K – $194.2K
NOI $11,651 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$484.9K
$424.3K – $565.7K
NOI $33,940 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - As-is commercial redevelopment parcel with three existing structures, including a heavy-duty diesel workshop on a concrete slab.
Where is this commercial land located?
The property is located at 5018-3 US HIGHWAY 80 W Opelika, AL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 10.025‑acre parcel located just off US‑80 in Opelika, AL, with open and wooded land areas; Includes a 1976 single‑level brick home (1988 SF) converted to office space in the 1990s; Also includes an 800 SF manufactured home on the property
