Commercial Real Estate Market in Opelika, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
24 active listings and 1,196 off-market properties in Opelika, AL.
Market Trends
Opelika, AL spans 275.5 square miles in Lee County, Alabama. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Opelika, AL has a median asking sale price of $97/SF (based on 3 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Opelika, AL has a median asking sale price of $122/SF (based on 5 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Opelika, AL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily space in Opelika, AL has a median asking sale price of $78/SF (based on 3 listings). Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 56.5%
- Planned_development 14.2%
- Industrial 10.3%
- Commercial 10.1%
- Civic 7.3%
- Mixed use 1.6%
Largest Zones share of zoned land by district
Opelika, AL zones 37,330 acres across 20 districts. Commercial zoning covers 10.1% of zoned land, residential 56.5% and industrial 10.3%. The largest single district is Rural at 32.2%. For commercial buyers the practical constraint is that only 20.4% of land carries a commercial or industrial designation.
R-1 Rural District. This district is intended to protect those areas of Opelika, which are agricultural in character and use, and to provide areas for the development of extremely low- density residential uses. Development in these acres will be limited to acreage tracts and customary agricultural uses and it will be an area where mobile home living and recr…
Market overview
Demographics & Economy
Opelika, AL has 45,277 residents in 19,878 households. Density runs 164 people per square mile. Median household income here is $58,067 and median gross rent $869 a month.
Tools
Nearby Markets
Commercial property in Opelika, AL asks $102/SF. The 2 bordering markets run from $71/SF in Valley to $449/SF in Auburn, and the city sits below their $260/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Opelika?
How does Opelika compare to nearby markets on price?
What zoning applies to commercial property in Opelika?
Where does Realmo's Opelika market data come from?
Methodology & data sources
- Asking prices and medians
- There are 21 active for-sale and 3 active for-lease listings in Opelika, AL. The sale median is based on 12 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 37,330 zoned acres across 20 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
