Commercial Land with Existing
For Sale
$350,000
Pending
5018-3 US-80 W, Opelika, AL 36804
COMMERCIAL - Opelika, AL
Property Size1,988 SF
Lot Size10.00 Acres
Days on Market426
Property Features for 5018-3 US-80 W
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RURAL
Lot features
Level, Private, Rectangular Lot
Directions
Crawford Rd/ US-80 W for 14.7 miles and property will be on your right just past Pine Grove SD.
Standard status
Pending
APN
03041900000008001
Size
1,988 SF
Lot size
10.00 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1493
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1976
Floors in Building
1
Flooring type
Carpet, Vinyl
Building materials
Brick
Listing Agency:
COLDWELL BANKER - KPDD
(706) 256-1000
Listed By:
Heather Williams · License #104754
(706) 681-0811
Added: Jun 24, 2025
Changed: Aug 19
Last Checked: Aug 23 at 3:06AM
MLS# E101251
Copyright © 2026 East Alabama Board 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 commercial land offering includes three existing structures. The primary improvement is a 1,988-square-foot, single-level brick building constructed in 1976 and converted to office space during the 1990s. The property also includes an 800-square-foot manufactured home and a 35' x 70' diesel workshop built on a concrete slab, with a 20' x 20' rolling gate. Existing finishes include carpet and vinyl, while the primary building has central heating and central air.
The site is addressed on US-80 W in Opelika, Alabama, with public water service and a septic tank. Zoning is RURAL. All structures are offered as-is, with contents remaining from the prior business operation.
The site is addressed on US-80 W in Opelika, Alabama, with public water service and a septic tank. Zoning is RURAL. All structures are offered as-is, with contents remaining from the prior business operation.
Key Highlights
- RURAL zoning with three existing structures
- 1,988 SF brick building constructed in 1976 and converted to office space in the 1990s
- 35' x 70' diesel workshop on a concrete slab
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
$24,651
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
7.04%
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%
$493,020
$493.0K
Cap Rate 7%
$352,157
$352.2K
Cap Rate 9%
$273,900
$273.9K
Market Conditions
NOI Build-Up for 1,988 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
$39.8K $20.04/SF
− Vacancy
−$7.0K −$3.51/SF
EGI
$32.9K $16.53/SF
− OpEx
−$8.2K −$4.13/SF
NOI
$24.7K $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%
$493,020
Cap Rate 7%
$352,157
Cap Rate 9%
$273,900
Alternative Uses
Best Use
Office B
$352.2K
$308.1K – $410.9K
NOI $24,651 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8
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?
Commercial land - Rural-zoned commercial land with three existing structures, public water service, and access from US-80.
Where is this commercial land located?
The property is located at 5018-3 US-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: RURAL zoning with three existing structures; 1,988 SF brick building constructed in 1976 and converted to office space in the 1990s; 35' x 70' diesel workshop on a concrete slab
