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

    3051 Frederick Rd Opelika, AL 36801

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail and office spaces available in high-traffic mixed-use development.

    Property Features for 3051 Frederick Rd

    General Information

    Standard status
    Active

    Building Details

    Year built
    2009

    We can help!

    Listing Contact
    Pavan Reddy
    Source: Crexi

    Listing Agency: Auburn Ventures Listing Agent: Pavan Reddy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Mixed-Use Retail and Office Space

    The Shoppes at Midtown is a mixed-use development featuring retail and office spaces. Situated on Glenn Avenue/Frederick Road, it benefits from high daily traffic. This shopping center offers high visibility, making it suitable for office or retail businesses.
    Location Intelligence

    Current Use by Public Records

    Dilworth Design Gallery Interior Design My Travel At Midtown Travel Agency Midtown Nutrition Catering Service ABC SELECT SPIRITS (Bike/Boat/Book/etc) Store Vanity Lashes Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Building Supply Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Opelika
    County
    Lee
    State
    Alabama
    Longitude
    -85.423524
    Latitude
    32.615992

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Opelika, Alabama

      Retail spaces available in Opelika, Alabama with strong co-tenants.
      2540 Pepperell Pkwy, Opelika, AL 36801
      View Details
    • $6 SF/Yr

      Opelika Industrial Facility For Rent

      Industrial facility in Fox Run Business Park available for rent.
      510 Walker St, Opelika, AL 36801
      View Details
    • Contact for pricing
      3,000 SF

      Opelika Retail Space For Lease

      Retail opportunity in Opelika's first Publix shopping center.
      Us Highway 280 W, Opelika, AL 36804
      View Details
    • $12 SF/Yr

      New Class A Warehouse Facility

      Class A warehouse built in 2025, fully air-conditioned and sprinklered.
      600 Car Tech Dr, Opelika, AL 36801
      View Details
    • Contact for pricing

      Restaurant Space on Pepperell Parkway

      Second generation restaurant space with high visibility and access.
      3611 Pepperell Pkwy, Opelika, AL 36801
      View Details
    • New
      Contact for pricing

      Industrial Facility in Fox Run

      Industrial facility in Opelika/Auburn, less than a mile from I-85.
      510 Walker St, Opelika, AL 36801
      View Details
    • Contact for pricing

      Opelika Industrial Single Tenant Space

      3,000 SqFt industrial single tenant space for rent.
      1601 Spring Dr, Opelika, AL 36801
      View Details
    • Contact for pricing
      3,512 SF

      Retail and Restaurant Spaces Available

      Retail and restaurant spaces available with multiple access points.
      2190 Tiger Town Pkwy, Opelika, AL
      View Details
    • Contact for pricing
      2,942 SF

      Retail and Restaurant Spaces Available

      Retail and restaurant spaces available with multiple access points.
      2640 Enterprise Dr, Opelika, AL 36801
      View Details
    • Contact for pricing

      Retail Space Near Interstate I-85

      Retail space located off I-85, near Auburn University.
      2025 Interstate Dr, Opelika, AL 36801
      View Details
    • Contact for pricing

      Opelika Warehouse Space Available

      1,425,889 SF facility with 481,202 SF available for lease.
      1800 Crawford Rd, Opelika, AL 36804
      View Details
    • Contact for pricing

      Opelika Retail Space Available

      Retail spaces available, ranging from 1,400 to 12,600 SqFt.
      SW Cor Of Veterans Pkwy & Hwy 280, Opelika, AL 36801
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Retail and office spaces available in high-traffic mixed-use development.
    Where is this mixed-use property located?
    The property is located at 3051 Frederick Rd Opelika, AL.
    What are key features of this property?
    This property features: - High-traffic location on Glenn Avenue/Frederick Road.; - Mixed-use retail and office development.; - High visibility.
    Request Owner's contact information
    3051 Frederick Rd Opelika, AL 36801
    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.
    3051 Frederick Rd
    Opelika, AL 36801
    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
    3051 Frederick Rd Opelika, AL 36801
    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

    We can help!
    Listing Contact
    Pavan Reddy
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!