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1499 S College St Auburn, AL 36832

Investment properties Google Maps
9,842 SF 1.82 ac lot Built 1999
Individually Owned 17-yr Hold Free & Clear
Estimated value (blended)
$380k
Range $342k – $418k (±10%)
Property ID US03-1818728

Property summary

AI-generated overview

This thriving retail center, Lakeview Shopping Center, presents a compelling investment opportunity. The property boasts a total of 15,800 square feet across two single-story buildings, situated on a generous 1.8-acre lot. Built in 2015, the center currently features a mix of national tenants including Verizon Wireless, Palm Beach Tan, and Smoothie King. A significant portion of the space is currently available for lease, totaling 2,640 square feet. The property is zoned for commercial use and enjoys a highly visible location, approximately 1.5 miles from I-85, benefiting from an impressive average annual daily traffic count of approximately 31,680 vehicles. Its strategic proximity to Auburn University, one of the largest universities in the South with an enrollment of 28,290 students and 5,500 employees, provides a substantial and consistent customer base. This makes the center exceptionally well-suited for service-based retail businesses or specialty shops seeking a vibrant and established market. The available space presents a unique chance to capitalize on the strong demographics and high traffic volume of this rapidly growing area. Auburn is recognized as the fastest-growing metropolitan statistical area in Alabama, offering significant long-term growth potential. This property offers a blend of established tenancy and significant expansion potential.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1999
Construction CONCRETE BLOCKS
Total area 9,842 SF
Lot 1.82 ac (79,279 SF)
APN 19-01-01-0-000-030-000
UPID US03-1818728

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tanning Salon
  • Restaurant
  • Real Estate Agency
  • Mobile Phone Store Electronics & Wireless Store
  • Specialty Food Shop (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$970k
Blend (final) Blend
$380k

Owner & transaction history

since 2009
1 recorded transaction
2009
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $1.0M +40.7%
Restaurant $975,000 +36.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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