Historic Opelika Property For
609 GENEVA Street Opelika, AL 36801
609 GENEVA Street, Opelika, AL, 36801
$459,000
For Sale
$459,000
Updated historic property with residential or commercial potential.
Property Size3,196 SF
Price / SF$143.62
Days on Market224
Property Features for 609 GENEVA Street
General Information
- Standard status
- Active
- Size
- 3,196 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1932
Listing Agency
EXP REALTY, LLC
(334) 319-2472
Listed by
KAROL KIRBY · License #000086677
(334) 319-2472
Source
Exitrealty
Added: Dec 5, 2025 Checked: Jul 16 at 6:25 am
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 EXP REALTY, LLC
Investment Insights
Based on property information with market context.
This property presents a rare opportunity to own real estate on the main corridor into Opelika. Adjacent to a city-owned memorial garden and library, this updated historic house blends charm with modern features. Updates completed in 2017 include windows, upstairs appliances, plumbing, and electrical systems. The property offers possibilities for residential or commercial use. The large kitchen includes a butler area, an ice maker (2023), a beverage cooler (2023), a SMEG range, and a Fisher and Paykel dishwasher. The property features updated windows, tall ceilings, and detailed trim. It also includes an upstairs stackable washer and dryer, as well as a downstairs laundry area with a dog wash station. The property size is 3196 square feet.
Key Highlights
- Prime location on the main corridor into Opelika, offering high visibility and accessibility.
- Versatile property suitable for either residential or commercial use.
- Historic house with updated windows, plumbing, and electrical systems (2017) blending charm and modern convenience.
Local 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 | $64.0k | $20.04 |
| − Vacancy | −$11.2k | −$3.51 |
| EGI | $52.8k | $16.53 |
| − OpEx | −$13.2k | −$4.13 |
| NOI | $39.6k | $12.40 |
3,196 SF · lease $20.04/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$566.1K
$495.4K – $660.5K
NOI $39,630 @ 7.0% cap · market cap 8.63%
Second Best
Mixed Use
$400.6K
$350.6K – $467.4K
NOI $28,045 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$779.5K
$682.1K – $909.4K
NOI $54,564 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Updated historic property with residential or commercial potential.
Where is this mixed-use property located?
The property is located at 609 GENEVA Street Opelika, AL.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Prime location on the main corridor into Opelika, offering high visibility and accessibility.; Versatile property suitable for either residential or commercial use.; Historic house with updated windows, plumbing, and electrical systems (2017) blending charm and modern convenience.
