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    1498 Opelika Rd Auburn, AL 36830
    Property profile & analytics

    1498 Opelika Rd Auburn, AL 36830

    View on Map
    • Investment properties
    • 12,390 SF
    • 1.99 lot acres
    For Lease
    $1,650,000
    View Listing →
    Prime Corner Acreage for Lease For Lease
    $1,650,000

    Prime Corner Acreage for Lease

    Signalized corner location near Auburn University available for ground lease.

    1498 Opelika Rd, Auburn, AL 36830
    View Listing
    Property ID
    US03-1917079
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CVS Photo / (Bike/Boat/Book/etc) Store
    • CVS / Pharmacy
    • CVS Pharmacy / Pharmacy
    • CDReload - Online Bitcoin ATM / Crypto Atm / Atm
    • MoneyGram / Bank / Credit Union

    Property Details for 1498 Opelika Rd

    Year built
    2009
    Construction
    CONCRETE BLOCKS
    Lot size
    1.99 lot acres
    Property size
    12,390 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    09-05-21-2-000-008-001
    APU
    905212000008001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,810,000
      6.5%
      $1,675,000
      7%
      $1,555,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,625,000
      Market price range: $483k - $1.63M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,730,000
      AUTO REPAIR, GARAGE
      $1,260,000
      RESTAURANT
      $1,055,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Lee
    State
    Alabama
    Longitude
    -85.449
    Latitude
    32.6231
    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
    $72,481
    $1,075,920
    $266,320
    $1,342,240
    -
    $5,379,600
    $1,331,600
    $6,711,200

    Comparable in this City

    • Value Estimation
      $780,000
      24,700 SF

      Ogletree Vlg Ln

      STORE/OFFICE (MIXED USE) • 24,700 SF
      Ogletree Vlg Ln, Auburn, AL 36830
      View Details
    • Value Estimation by Request
      596 SF

      236 Tichenor Ave, Unit 4A

      STORE/OFFICE (MIXED USE) • 596 SF
      236 Tichenor Ave, Auburn, AL 36830-8842
      View Details
    • Value Estimation by Request
      1,944 SF

      4137 Lee Rd 146

      STORE/OFFICE (MIXED USE) • 1,944 SF
      4137 Lee Rd 146, Auburn, AL 36830-8424
      View Details
    • Value Estimation by Request
      462 SF

      675 Main St

      STORE/OFFICE (MIXED USE) • 462 SF
      675 Main St, Auburn, AL 36830
      View Details
    • Value Estimation by Request
      5,701 SF

      2290 Moores Ml Rd Ste, Unit 100

      STORE/OFFICE (MIXED USE) • 5,701 SF
      2290 Moores Ml Rd Ste, Auburn, AL 36830-8432
      View Details
    • Value Estimation
      $1,365,000
      19,244 SF

      Airport Rd

      STORE/OFFICE (MIXED USE) • 19,244 SF
      Airport Rd, Auburn, AL 36830
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,375 SF

      Mixed-Use Property in Auburn

      Mixed-use property available for sale, totaling 4,375 square feet.
      234 W Magnolia Ave, Auburn, AL 36830
      View Details
    • $800,000
      4,876 SF

      Prime Retail/Flex Space Opportunity

      Highly visible retail/flex space in a rapidly growing market.
      1848 Opelika Rd, Auburn, AL 36830
      View Details
    • $3,500,000
      96.25 Acres

      Auburn Winery & Event Center

      96-Acre Estate, Multi-Use Potential
      230 Lee Rd, Auburn, AL 36830
      View Details
    • $475,000
      1,700 SF

      Auburn Commercial Corner Lot

      Corner lot with remodeled interiors and high traffic visibility.
      4760 Heath Rd, Auburn, AL 36830
      View Details
    • Contact for pricing

      Land Tract in Auburn City

      Large land tract with frontage on multiple highways.
      Al-147, Auburn, AL 36830
      View Details
    • Contact for pricing
      28,955 SF

      Auburn Industrial Flex Building

      28,955 SF flex building on 11.49 acres for sale.
      177 Technology Pkwy, Auburn, AL 36830
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Auburn University

      Retail space available in mixed-use development near Auburn University.
      206 N Gay St, Auburn, AL 36830
      View Details
    • Contact for pricing

      Retail Space in Auburn, Alabama

      Available retail anchor space in a dominant market.
      1716 Opelika Rd, Auburn, AL 36830
      View Details
    • Contact for pricing

      Office and Warehouse Space Available

      Office and warehouse space for lease near downtown Auburn.
      453 Opelika Rd, Auburn, AL 36830
      View Details
    • Contact for pricing

      Retail Space in Auburn

      Retail space in a booming student housing complex.
      191 N College St, Auburn, AL 36830
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      Samford Trce Ct, Auburn, AL 36830
      View Details
    • Contact for pricing

      Prime Corner Acreage for Lease

      Signalized corner location near Auburn University available for ground lease.
      1498 Opelika Rd, Auburn, AL 36830
      View Details
    View Listing
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    Auburn, AL 36830
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    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
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