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Property profile & analytics
OFF-MARKET
Drive through restaurants

2019 Pepperell Pkwy Opelika, AL 36801-5441

3,491 SF 1.19 ac lot Built 1992
Entity Owned 14-yr Hold Free & Clear
Property ID
US03-1032128
Property summary
AI-generated overview

This exceptional investment opportunity presents a 3,491 square foot, single-story, Class B building situated on a 1.5-acre lot in Opelika, Alabama. Currently operating as a Dairy Queen (business not included in sale), the property boasts 100% occupancy and offers significant potential for various commercial uses. Built in 1992 and renovated in 2002, the building features 49 parking spaces and is zoned C-3. Its prime location on Pepperell Parkway, directly across from East Alabama Medical Center, ensures high visibility and accessibility. The property benefits from its placement within a Lee County Opportunity Zone, providing substantial tax advantages. High daily traffic counts, proximity to major routes (including I-85, approximately 2.2 miles away), and its location within the rapidly growing Auburn-Opelika area, near Tiger Town, contribute to its strong investment potential. The sale includes the land and building only; the existing business is not part of the sale and is expected to vacate within six months. This presents a unique chance to acquire a versatile, turn-key space in a thriving commercial corridor, offering significant returns for forward-thinking investors. The asking price is $2,900,000 ($830.71 per square foot). The property's APN is 7217. Ownership is held by a corporation. The sale is offered directly by the owner.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1992
Construction WOOD
Total area 3,491 SF
Lot 1.19 ac (51,836 SF)
APN 09-06-14-1-000-015-006
UPID US03-1032128
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
  • Dairy Queen Grill & Chill Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Zehra & Diya INC · 14 yrs held
Zehra & Diya INC
since 2011
1 recorded transaction
2011
$161,200
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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