Downtown Office Building with
805 AVE C, Opelika, AL 36801
For Sale
$375,000
Pending
CommercialSale, Opelika, AL
Property Size1,274 SF
Lot Size0.17 Acres
Days on Market8
Property Features for 805 AVE C
General Information
Property type
Property subtype
Subdivision
Lot features
Directions
Standard status
Size
Lot size
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Description
Legal Description
Building Details
Year built
Listing Agency:
KELLER WILLIAMS REALTY AUBURN OPELIKA
(334) 209-3242
Listed By:
ADAM DORN · License AL #100335
(334) 559-8450
Added: Nov 5
Changed: Nov 11
Last Checked: Nov 12 at 3:06PM
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 sits on a 0.17-acre parcel in Opelika’s Historic Downtown District. Its layout includes a reception and waiting area, four built-in workstations, a conference room, two private offices, a restroom, and a full-size kitchen. A separate entrance serves the rear of the building, where parking is available. One office retains an original fireplace alongside custom cabinetry.
Interior improvements were completed within the past three years, including replacement of the roof. The space also features quartz countertops, shiplap details, custom cabinetry, and sliding barn doors in the conference room.
Interior improvements were completed within the past three years, including replacement of the roof. The space also features quartz countertops, shiplap details, custom cabinetry, and sliding barn doors in the conference room.
Key Highlights
- 1,274‑square‑foot office property on a 0.17‑acre parcel
- Built in 1920 in Opelika’s Historic Downtown District
- Reception area, conference room, two private offices, restroom, and full‑size kitchen
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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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
$211,400
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Lee County, AL
Properties on Market for Office buildings in Lee County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The floor plan combines reception, meeting space, private offices, 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 property on a 0.17‑acre parcel; Built in 1920 in Opelika’s Historic Downtown District; Reception area, conference room, two private offices, restroom, and full‑size kitchen
