Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    N Uniroyal Rd Opelika, AL 36804

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial property near I-85, ideal for land development projects.

    Type:Land
    Added:
    Nov 8, 2024
    Days on Market:
    527
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for N Uniroyal Rd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Carson Cummings

    Listing agent Carson Cummings License #GA

    Listing office Coldwell Banker Commercial Kennon, Parker,Duncan & Davis Columbus

    Listing date Nov 8, 2024

    Source Crexi

    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 Coldwell Banker Commercial Kennon, Parker,Duncan & Davis Columbus

    Overview

    Commercial Land Ready For Development

    This commercial property is strategically located with high visibility and convenient access just off I-85. Zoned Commercial, it is suitable for a variety of land development projects. The property's proximity to growing residential communities presents an exceptional opportunity in the Opelika area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Opelika
    County
    Lee
    State
    Alabama
    Longitude
    -85.340044
    Latitude
    32.646826

    Nearby Similar for Sale

    • $459,000
      3,196 SF

      Historic Opelika Mixed-Use Property

      Updated historic property with commercial and residential potential in Opelika.
      609 GENEVA Street, OPELIKA, AL 36801
      View Details
    • $739,000

      Prime Commercial Land on Highway

      5.89 acres of C3-zoned land with high visibility.
      2209 LAFAYETTE PARKWAY, OPELIKA, AL 36801
      View Details
    • $400,000

      Opelika Commercial Land Opportunity

      Prime commercial land for sale in Opelika, Alabama.
      FREDERICK Road, OPELIKA, AL 36801
      View Details
    • $900,000

      Prime Opelika Commercial Land Parcel

      10+/- acre commercial property in Opelika's growth corridor.
      PEPPERELL Parkway, OPELIKA, AL 36801
      View Details
    • $900,000

      Prime Commercial Land in Opelika

      10-acre commercial property in Opelika's growth corridor.
      PEPPERELL Parkway, OPELIKA, AL 36801
      View Details
    • $750,000

      Prime Commercial Land in Opelika

      6.75 acres of commercial land with development potential.
      AIRPORT Road lot: 1, OPELIKA, AL 36801
      View Details
    • $750,000

      Prime Commercial Land in Opelika

      6.75 acres of commercial land in a high-growth location.
      AIRPORT Road lot: 1, OPELIKA, AL 36801
      View Details
    • $330,000
      1,858 SF

      Commercial Land in High-Visibility Location

      0.63-acre commercial property with C3 zoning, ideal for business growth.
      1602 SPRING Drive, OPELIKA, AL 36801
      View Details
    • $395,000

      Prime Opelika Commercial/Residential Land

      Corner lot near downtown Opelika with development potential.
      519 S 7TH Street, OPELIKA, AL 36801
      View Details
    • $365,000

      Prime Vacant Lot in Opelika

      2.622 acre commercial lot with high traffic and visibility.
      ROCK CASTLE Road, OPELIKA, AL 36804
      View Details
    • $1,827,000

      Opelika Commercial Land Opportunity

      48.07 acre commercial land in Opelika, Alabama.
      2051 AL HIGHWAY 169, OPELIKA, AL 36804
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial property near I-85, ideal for land development projects.
    Where is this commercial land located?
    The property is located at N Uniroyal Rd Opelika, AL.
    What are key features of this property?
    This property features: Zoned Commercial: Suitable for a variety of land development projects.; High Visibility: Offers excellent exposure for businesses.; Convenient Access: Located just off I‑85, ensuring easy transportation.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Carson Cummings
    Real Estate License ID: GA
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!