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Property profile & analytics
OFF-MARKET Estimated value $595,000
Medical Office Space

161 University Dr Auburn, AL 36832-5889

8,666 SF 12 ac lot Built 1992
Entity Owned Free & Clear
Property ID
US03-1646673
Property summary
AI-generated overview

This exceptional 5.9-acre commercial land parcel (Tract 1), priced at $2,822,252, presents a prime development opportunity in Auburn, Alabama. Located at 161 E University Dr, Auburn, AL 36832 (APN: 43 19 01 01 0 000 006.000), this property boasts 1,398 feet of road frontage along East University Drive, directly east of the signalized intersection of East University Drive and South College Street. Tract 1 shares a western property line with the Clarion Inn & Suites University Center and is bordered to the east by an existing drainage easement. An adjacent 2.6-acre portion of Tract 2 is available for purchase *only* in conjunction with Tract 1, bringing the total acreage to approximately 8.5 acres and the combined price to $3,600,000. This 2.6-acre portion shares a western property line with the existing drainage easement and an eastern property line with The Hughston Orthopedic Clinic. The exact property lines will be determined by survey. The property's CDD zoning allows for diverse commercial uses, including hotels, self-storage facilities, and multi-family developments. Its proximity to Auburn University and readily available utilities (water and sewer) further enhance its appeal. AutoCAD files are available for site planning. High traffic counts of 9,247 vehicles ensure excellent visibility and accessibility. This is an exceptional opportunity for developers seeking a strategic location with significant potential.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1992
Construction WOOD
Total area 8,666 SF
Lot 12 ac (522,720 SF)
APN 19-01-01-0-000-006-000
UPID US03-1646673
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Matt Stewart, MD Physician
  • Terry Glenn C MD Physician
  • Jeffrey Leatherman Physician
  • Collins Kevin J MD Physician
  • Mostak Richard G MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$430k
CAP Approach CAP
by Request
Comparable Approach Comparable
$767k
Blend (final) Blend
$595k
Owner & transaction history
NBI PARTNERSHIP
NBI PARTNERSHIP
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $885,000 +47.3%
Restaurant $860,000 +43.2%
Commercial (general) $625,000 +4.6%
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