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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Investment properties
2298 University Dr Auburn, AL 36830-3538
Entity Owned
Absentee Owner
Free & Clear
Property ID
US03-1695195
Property summary
AI-generated overview
This exceptional mixed-use property, The Vintage 2298, presents a compelling investment opportunity in Auburn, Alabama. Completed in 2022, this two-building complex boasts a total of 25,189 square feet situated on a 2.4-acre lot within an Opportunity Zone. The property enjoys a prime location in a high-growth corridor, conveniently near Auburn Medical Park and a vibrant retail area. Adjacent businesses include prominent national brands such as Walmart Neighborhood Market, Panera Bread, Starbucks, Auburn Mall, and Crunch Fitness, ensuring high visibility and foot traffic. Building A comprises approximately 4,688 square feet across two floors, while Building B offers approximately 20,501 square feet spread across three floors. Currently 100% occupied, this property offers immediate cash flow and significant long-term potential within a thriving community. The property's strategic location, modern construction, and strong tenant base make it an attractive investment for discerning buyers seeking a stable and appreciating asset in a dynamic market. Detailed financial information is available upon request. The property is located at 2298 E University Dr, Auburn, AL 36830.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2022
Construction
WOOD
Total area
23,838 SF
Lot
2.41 ac (104,980 SF)
APN
09-04-17-0-000-004-001
UPID
US03-1695195
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
-
Alexander Shunnarah Trial Attorneys: Accident & Injury Lawyers Law Firm
-
LA SkinLab Medical Clinic Skin Care Clinic
-
Vintage 2298 Restaurant
-
Artifactory Auburn Furniture & Home Goods Home Decor Store
-
The Oaks Family Healthcare / Kimberly F Owens, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$929k
Blend (final)
Blend
$825k
Owner & transaction history
INTERESTING DEVELOPMENT LLC
INTERESTING DEVELOPMENT LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Auburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Auburn submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$825k
Range $743k – $908k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$35 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$25,024
Tax year 2023
Assessed value
$463,400
Assessed 2023
Previous assessed
$141,750
+226.9% YoY
Effective rate
5.40%
On assessed value
Assessed land
$141,760
Assessed improvement
$321,640
Land market value
$708,800
Improvement market value
$1,608,200
Total market value
$2,317,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2022
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
3
Total area
23,838 SF
Lot
2.41 ac (104,980 SF)
APN
09-04-17-0-000-004-001
UPID
US03-1695195
Jurisdiction
LEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2022
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
2.41 ac
Current owner
From public records · entity-resolved
INTERESTING DEVELOPMENT LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1423 FLS CRST DR, AUBURN, AL 36830-0282
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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