Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Unit 2 Opelika, AL 36801
    Back to Search
    Property profile & analytics

    Unit 2 Opelika, AL 36801

    View on Map
    • Commercial real estate
    • 2.57 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Unit 2

    Year built
    1975
    Lot size
    2.57 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.57-acre commercial property is located at 0 US Highway 431, Unit 2, Opelika, Alabama. Zoned M-1 Industrial District, this versatile parcel offers significant potential for a wide array of commercial ventures. Permitted uses within this zoning classification include, but are not limited to, manufacturing, wholesale operations, warehousing, processing facilities, assembly plants, and various other commercial enterprises. The property's location on US Highway 431 provides excellent visibility and accessibility, ensuring convenient access for both employees and customers. The site is designed to accommodate businesses requiring sanitary sewer service or those with provisions for suitable on-site waste disposal. This property presents a rare opportunity for businesses seeking a strategically located and sizable parcel in a thriving commercial area. The asking price for this exceptional property is $445,000. Serious inquiries are encouraged to explore the possibilities this land offers for your business expansion or new venture. The property is privately owned and ready for immediate development. Contact us today to schedule a viewing and discuss your business plans.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Opelika
    County
    Lee
    State
    Alabama
    Longitude
    -85.3569
    Latitude
    32.6555

    Comparable in this City

    • Value Estimation by Request
      2.59 Acres

      3303 Pepperell Pkwy

      Commercial real estate • 2.59 Acres
      3303 Pepperell Pkwy, Opelika, AL 36801
      View Details
    • Value Estimation
      $5,370,000
      76,680 SF

      501 26th St

      COMMERCIAL (GENERAL) • 76,680 SF
      501 26th St, Opelika, AL 36801-6209
      View Details
    • Value Estimation by Request
      4,105 SF

      3702 Pepperell Pkwy

      COMMERCIAL (GENERAL) • 4,105 SF
      3702 Pepperell Pkwy, Opelika, AL 36801-6004
      View Details
    • Value Estimation
      $1,210,000
      36,120 SF

      1702 Frederick Rd

      COMMERCIAL (GENERAL) • 36,120 SF
      1702 Frederick Rd, Opelika, AL 36801-7208
      View Details
    • Value Estimation by Request
      3,906 SF

      611 1st Ave

      COMMERCIAL (GENERAL) • 3,906 SF
      611 1st Ave, Opelika, AL 36801-4307
      View Details
    • Value Estimation by Request

      468 6Th St

      Commercial real estate
      468 6Th St, Opelika, AL 36801
      View Details

    Similar Nearby for Sale

    • $960,000
      3.86 Acres

      Opelika Commercial Land - Huge Potential

      Prime Opelika location, 3.86 acres, commercial zoning.
      2411 Lafayette Pkwy, Opelika, AL 36801
      View Details
    • $850,000
      5.89 Acres

      Opelika Commercial Land - 5.89 Acres

      Prime Opelika commercial land, ideal for diverse uses.
      431 Al Hwy, Opelika, AL 36801
      View Details
    • $350,000
      2.59 Acres

      Opelika Commercial Land Investment Opportunity

      2.59 Acres, Income-Producing Billboard
      3303 Pepperell Pkwy, Opelika, AL 36801
      View Details
    • Contact for pricing

      Opelika Land Near I-85

      Land with high visibility near I-85 and residential neighborhoods.
      at SR 14 Nwc Sportsplex Pkwy, Opelika, AL 36801
      View Details
    • Contact for pricing

      Retail Land in TigerTown Opelika

      Land available in east Alabama's largest retail center.
      Enterprise Dr, Opelika, AL 36801
      View Details
    • $100,000
      1.65 Acres

      Arrowhead at Forest Hills Lots

      38 wooded lots in desirable Opelika location.
      1905 Arrowhead Ave, Opelika, AL 36801
      View Details

    Similar Nearby for Lease

    • 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
    • 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
    • Contact for pricing

      Commercial Pad Site For Lease

      Commercial pad site available for ground lease in Opelika, AL.
      2774 Enterprise Dr, Opelika, AL 36801
      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
    • 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 Shopping Center Land

      Land for lease in a large shopping center development.
      2190 Tiger Town Pkwy, Opelika, AL 36801
      View Details
    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.
    Unit 2
    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
    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

    Thank You for Inquiry
    Unit 2, Opelika, AL, 36801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!