Convenience Store
For Sale
Contact for pricing
Pending
823 Crawford Rd, Opelika, AL 36804
Established convenience store serving a commercial site in Opelika, Alabama.
Property Size3,200 SF
Lot Size1.00 Acre
Days on Market244
Property Features for 823 Crawford Rd
General Information
Standard status
Pending
Size
3,200 SF
Lot size
1.00 Acre
Property subtype
Retail
Zoning
C-3
Investment Type
Owner/User
Building Details
Year Built
1994
Buildings
1
Units
2
Listing Agency:
SVN Fall Line Commercial Advisors
Listed By:
Shawn Davis · License #AL 000145066-0
Source:
Crexi
Added: Dec 30, 2025
Changed: Aug 30
Last Checked: Aug 30 at 7:43PM
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 SVN Fall Line Commercial Advisors
Investment Insights
Based on property information with market context.
This convenience store property comprises approximately 3,200 square feet on about 1 acre at 823 Crawford Road in Opelika, Alabama. The asset is positioned as an established commercial location, with ownership at the site for more than 17 years.
The property offers a straightforward convenience-store configuration for continued operation or repositioning within the existing commercial use. Its location in Opelika and identifiable street address provide a clear setting for evaluating the asset and its surrounding trade area.
The property offers a straightforward convenience-store configuration for continued operation or repositioning within the existing commercial use. Its location in Opelika and identifiable street address provide a clear setting for evaluating the asset and its surrounding trade area.
Key Highlights
- Approximately 3,200 SF convenience store
- About 1 acre of land
- Located at 823 Crawford Road, Opelika, AL 36804
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
$35,316
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
2.94%
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%
$706,320
$706.3K
Cap Rate 7%
$504,514
$504.5K
Cap Rate 9%
$392,400
$392.4K
Market Conditions
NOI Build-Up for 3,200 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
$51.1K $15.96/SF
− Vacancy
−$4.0K −$1.24/SF
EGI
$47.1K $14.72/SF
− OpEx
−$11.8K −$3.68/SF
NOI
$35.3K $11.04/SF
Area
Lee County, AL
Vacancy
7.80%
Lease Rate
$15.96 /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%
$706,320
Cap Rate 7%
$504,514
Cap Rate 9%
$392,400
Alternative Uses
Best Use
Specialty Retail
$504.5K
$441.5K – $588.6K
NOI $35,316 @ 7.0% cap · market cap 2.94%
Second Best
Retail
$430.6K
$376.7K – $502.3K
NOI $30,139 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$780.5K
$682.9K – $910.5K
NOI $54,632 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Balanced
Demand for This Use
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established convenience store serving a commercial site in Opelika, Alabama.
Where is this grocery and convenience store located?
The property is located at 823 Crawford Rd Opelika, AL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 3,200 SF convenience store; About 1 acre of land; Located at 823 Crawford Road, Opelika, AL 36804
