1002 Columbus Pkwy Opelika, AL 36801-5942
Property profile & analytics
1002 Columbus Pkwy Opelika, AL 36801-5942
- Office buildings
- 6,588 SF
- 3.00 lot acres
Property ID
US03-3046930
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Springwood Hotel / Hotel & Motel
- OYO Hotel Opelika I-85 Columbus Pkwy / Hotel & Motel
Property Details for 1002 Columbus Pkwy
- Year built
- 1972
- Lot size
- 3.00 lot acres
- Property size
- 6,588 SF
- Property type
- Office buildings
- APN
- 10-02-09-3-000-007-000
- APU
- 1002093000007000
Description
This exceptional 3.46-acre property located at 1002 Columbus Parkway in Opelika, Alabama, presents a unique redevelopment opportunity. Currently configured as a multi-building hospitality site (hotel/motel) with four buildings and two stories, it boasts 104 keys and is zoned for commercial use. The property's strategic location offers high visibility and significant traffic exposure, with an estimated Average Annual Daily Traffic (AADT) of approximately 22,911 vehicles. This makes it an ideal site for a variety of commercial ventures. The existing infrastructure provides a solid foundation for a seamless conversion into apartments, capitalizing on the growing demand for housing in the area. The substantial lot size allows for flexibility in design and development, accommodating a large-scale project. This is a rare chance to acquire a well-positioned property in Lee County, Alabama, with immense potential for significant return on investment. The property's existing buildings, while currently used as a hotel/motel, offer a cost-effective starting point for redevelopment, minimizing initial demolition costs. This prime location in Opelika offers easy access to major transportation routes and local amenities, making it an attractive proposition for both residents and businesses. The permitted commercial zoning ensures a wide range of development possibilities, allowing for creative and profitable ventures. This is a truly exceptional opportunity for investors seeking a high-impact redevelopment project in a thriving Alabama market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,450,000
- 6.5%
- $1,340,000
- 7%
- $1,245,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,199,000
Market price range: $433k - $1.20M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $830,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Opelika
- County
- Lee
- State
- Alabama
- Longitude
- -85.3536
- Latitude
- 32.6446
- CBSA code
- 12220
- CBSA name
- AUBURN-OPELIKA, AL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,824
$75,280
$348,596
$423,876
-
$376,400
$1,742,980
$2,119,380
