Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1667 Shug Jordan Pkwy Auburn, AL 36830-0256

    • Warehouses
    • 22,464 SF
    • 3.23 lot acres
    OFF-MARKET
    Value Estimations
    $1,420,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1836615
    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.

    Current Use by Public Records

    • National Rehab Equipment Inc / Medical Clinic
    • Coast & Cotton / Industrial Manufacturer / Production Facility
    • AdaptHealth Patient Care Solutions - Auburn, AL / Home Health Care Service

    Property Details for 1667 Shug Jordan Pkwy

    Year built
    2006
    Construction
    WOOD
    Lot size
    3.23 lot acres
    Property size
    22,464 SF
    Property type
    Warehouses
    APN
    08-06-13-0-000-039-010
    APU
    806130000039010

    Description

    This exceptional commercial property, located at 1667 Shug Jordan Pkwy in Auburn, Alabama, offers a unique opportunity for businesses seeking flexible and modern office space. The property consists of two buildings totaling 21,000 square feet, situated on a generous 3.59 acres of land. Built in 2007 and renovated in 2020, this Class B property boasts a contemporary design and is well-maintained. The property currently features six suites, with 11,300 square feet of vacant space available for lease. This space is ideal for businesses of varying sizes, offering flexible options ranging from a minimum of 3,800 square feet to a maximum contiguous space of 7,500 square feet. The property is categorized as both traditional office and coworking space, catering to a diverse range of business needs. Its location in Lee County, Alabama, provides excellent access to major transportation routes and a thriving local economy. The single-story buildings offer convenient accessibility and ample parking. This is a rare opportunity to secure high-quality office space in a desirable Auburn location. The property's recent renovation ensures modern amenities and a comfortable work environment. Contact us today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,546,000
      Market price range: $693k - $1.55M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,060,000
      Current use
      AUTO REPAIR, GARAGE
      $2,290,000
      Change: +116% Conversion: Easy
      RESTAURANT
      $1,915,000
      Change: +80% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,665,000
      Change: +57% Conversion: Difficult
      MEDICAL BUILDING
      $1,570,000
      Change: +48% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Lee
    State
    Alabama
    Longitude
    -85.5006
    Latitude
    32.6288
    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
    $48,523
    $80,760
    $817,828
    $898,588
    -
    $403,800
    $4,089,140
    $4,492,940

    Comparable in this City

    • Value Estimation by Request
      5,904 SF

      1999 Mall Blvd

      WAREHOUSE, STORAGE • 5,904 SF
      1999 Mall Blvd, Auburn, AL 36830-1835
      View Details
    • Value Estimation by Request
      14,182 SF

      1004 Opelika Rd

      WAREHOUSE, STORAGE • 14,182 SF
      1004 Opelika Rd, Auburn, AL 36830-4026
      View Details
    • Value Estimation by Request
      3,900 SF

      1901 Opelika Rd

      MINI-WAREHOUSE, STORAGE • 3,900 SF
      1901 Opelika Rd, Auburn, AL 36830-2811
      View Details
    • Value Estimation
      $700,000
      10,800 SF

      1823 Opelika Rd

      WAREHOUSE, STORAGE • 10,800 SF
      1823 Opelika Rd, Auburn, AL 36830-2807
      View Details
    • Value Estimation by Request
      4,200 SF

      546 Temple St

      MINI-WAREHOUSE, STORAGE • 4,200 SF
      546 Temple St, Auburn, AL 36830
      View Details
    • Value Estimation by Request
      1,080 SF

      405 Persimmon Dr

      WAREHOUSE, STORAGE • 1,080 SF
      405 Persimmon Dr, Auburn, AL 36830
      View Details

    Similar Nearby for Sale

    • $3,000,000
      28,955 SF

      Auburn Industrial Property: $3M

      Versatile 29,000 SF Warehouse, Ready for Your Business
      177 Technology Pkwy, 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
    • $695,000
      0.67 Acres

      Auburn Industrial Property - High Traffic!

      High-traffic location, large building, investment opportunity.
      1203 Opelika Rd, Auburn, AL 36830
      View Details
    • $3,100,000
      2.52 Acres

      Auburn Commercial Land Opportunity

      2.52 Acres, Prime Location, $3.1M
      350 Bragg Ave, Auburn, AL 36830
      View Details
    • $6,750,000
      270.00 Acres

      Auburn 270 Acres: Prime Development Land

      270 acres, Auburn city limits, Hwy 147 frontage
      0 Al-147, Auburn, AL 36830
      View Details
    • $292,000
      1.94 Acres

      Auburn Commercial Lot - 1.94 Acres

      Prime Auburn commercial land, ready for development.
      13A Champions Blvd Blvd, Auburn, AL 36830
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      1,280 SF

      Auburn Flex Warehouse Space

      New 1,280 SF Flex Warehouse, Great Location
      1449 Lee Road 10, Auburn, AL 36830
      View Details
    • $14 SF/Yr
      2,400 SF

      Auburn Office & Warehouse Complex

      Downtown Auburn, flexible space available.
      453 Opelika Rd, Auburn, AL 36830
      View Details
    • $20,400
      43,560 SF

      Auburn I-85 Industrial Land Lease

      Unrestricted land, 1/2 to 5 acres available.
      1449 Lee Road 10, 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
      90,000 SF

      Auburn Bank Center: Class A Office

      Modern Auburn office space, flexible suites.
      100 Gay St, Auburn, AL 36830
      View Details
    • Contact for pricing
      63,100 SF

      Shops at Cary Creek: Auburn Retail

      Auburn retail center, high traffic, 2 spaces available.
      2900 University Dr, Auburn, AL 36830
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1667 Shug Jordan Pkwy
    Auburn, AL 36830-0256
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.