Historic Office
New
For Sale
$375,000
805 AVE C, Opelika, AL 36801
Commercial/Industrial, OPELIKA, AL
Property Size1,274 SF
Lot Size0.17 Acres
Price / SF$294.35
Days on Market2
Property Features for 805 AVE C
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
TOTTEN MAP
Directions
GPS works
Standard status
Active
Size
1,274 SF
Lot size
0.17 Acres
Additional Details
Property Use
Office
Condition
Newly Renovated
Amenities
conference room
kitchen
fireplace
Building Details
Year built
1920
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY AUBURN OPELIKA
(334) 209-3242
Listed By:
ADAM DORN · License #AGDORN174
(334) 559-8450
Added: Nov 5
Last Checked: Nov 6 at 6:06AM
MLS# 183037
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.
Built in 1920, this 1,274-square-foot office property occupies a 0.17-acre parcel in downtown Opelika. Its layout includes a reception area, conference room, two built-in workstation areas, two private offices, a restroom, and a full kitchen. One office retains an original fireplace, while a separate entrance is located at the rear. A rear parking area serves the property.
Interior work and other upgrades were completed within the past three years, including replacement of the roof. The building is located in Opelika’s Historic Downtown District.
Interior work and other upgrades were completed within the past three years, including replacement of the roof. The building is located in Opelika’s Historic Downtown District.
Key Highlights
- 1,274‑square‑foot office building on a 0.17‑acre parcel
- Built in 1920; located in Opelika’s Historic Downtown District
- Two private offices, conference room, and built‑in workstation areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,797
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,940
$315.9K
Cap Rate 7%
$225,671
$225.7K
Cap Rate 9%
$175,522
$175.5K
Market Conditions
NOI Build-Up for 1,274 SF
Gross rent
$25.5K $20.04/SF
− Vacancy
−$4.5K −$3.51/SF
EGI
$21.1K $16.53/SF
− OpEx
−$5.3K −$4.13/SF
NOI
$15.8K $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 Rate 5%
$315,940
Cap Rate 7%
$225,671
Cap Rate 9%
$175,522
Alternative Uses
Best Use
Office B
$225.7K
$197.5K – $263.3K
NOI $15,797 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$310.7K
$271.9K – $362.5K
NOI $21,751 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
924
Businesses Nearby
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Business Placement
Demographics for 36801, AL
24,590
Population
11,363
Households
2.2
Avg Household Size
38
Median Age
33%
College-Educated
89%
High-School Grad
78.3 sq mi
ZIP Area
314
Density / Sq Mi
$58,256
Median Household Income
$39,018
Median Earnings
$926
Median Rent
$211,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A compact office layout includes private rooms, shared workstations, a conference room, and a full kitchen.
Where is this office building located?
The property is located at 805 AVE C Opelika, AL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,274‑square‑foot office building on a 0.17‑acre parcel; Built in 1920; located in Opelika’s Historic Downtown District; Two private offices, conference room, and built‑in workstation areas
