Technical
Financial
Distress signals
Property profile

1651 Parker Way Opelika, AL 36801

OFF-MARKET
Hotels
Property ID
US03-2018823
36,673 SF 1.83 ac lot Built 2010
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 10.04-acre commercial development site in Opelika, Alabama, presents a unique opportunity for investors and developers. Located at 1651 Parker Way, this property boasts approximately 1,200 feet of frontage along I-85, providing unparalleled visibility and accessibility. Conveniently situated off Exit 58, the land is in Lee County's busiest retail corridor, a highly desirable area experiencing significant growth. The site is already rough-graded and utilities are in place, streamlining the development process. Zoned C-3 Commercial, this parcel offers flexibility for a wide range of commercial projects. This is the last available frontage parcel in this thriving development, situated within the Opelika/Auburn MSA, one of Alabama's fastest-growing areas. The property's strategic location is further enhanced by the upcoming construction of a new Element by Westin hotel. The seller is willing to subdivide the land to accommodate specific project needs. This is a rare opportunity to secure a prime location in a rapidly expanding market. Contact us today for detailed information and to explore the possibilities.

Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 2010
Total area 36,673 SF
Lot 1.83 ac (79,715 SF)
APN 09-06-24-0-000-028-000
UPID US03-2018823

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
  • Hotel & Motel

Location

1651 Parker Way Opelika, AL 36801-7247
Opelika metro Census 41400 AUBURN-OPELIKA, AL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$690k
CAP Approach CAP
by Request
Comparable Approach Comparable
$520k
Blend (final) Blend
$690k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $965,000 +53.5%

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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