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    2600 E Glenn Ave Auburn, AL 36830
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    2600 E Glenn Ave Auburn, AL 36830

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    • Commercial land
    • 2,188 SF
    For Sale
    $2,799,000
    View Listing →
    Prime Auburn Commercial Land Opportunity For Sale
    $2,799,000
    2,188 SF

    Prime Auburn Commercial Land Opportunity

    4.16-acre commercial land with road frontage in Auburn, Alabama.

    2600 E Glenn Ave, Auburn, AL 36830
    View Listing
    Property ID
    US03-1679666
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 2600 E Glenn Ave

    Year built
    1950
    Property size
    2,188 SF
    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Discover an exceptional opportunity with 2600 E Glenn Ave, a prime 4.16- acre commercial land in Auburn, Al. This pad- ready site boasts 422 feet of road frontage on E Glenn Ave with a traffic light installed. Zoned as a Planned Development District (PDD), the property offers utilities, including water and sewer, and off-site detention. Conveniently situated off I-85 at exit 57 and in front of 270 luxury apartments, this location near Tiger Town sees 17,669 vehicles per day. The versatile property is offered at $2,799,000 and can be subdivided. With a strategic position and ready-to-develop features, 2600 E Glenn Ave presents a lucrative investment opportunity for ambitious developers. Take advantage of this potential-packed plot in a high-demand area of Auburn before it's gone.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Lee
    State
    Alabama
    Longitude
    -85.423816
    Latitude
    32.61406

    Comparable in this City

    • $925,000
      2,675 SF

      Development Opportunity in Auburn, AL

      1.15 acre parcel in Opportunity Zone with development potential.
      1403 E Glenn Ave, Auburn, AL 36830
      View Details
    • $895,000

      1.18 Acres Buildable Land

      1.18 acres of buildable land with utilities on tap.
      1830 E Glenn Ave, Auburn, AL 36830
      View Details
    • $120,000
      1.30 Acres

      Land Near Auburn

      1.3-acre property near Auburn with development potential.
      627 Lee Road 15, Auburn, AL 36830
      View Details
    • $599,000

      Prime Auburn Development Opportunity

      Large 11.5-acre parcel with flexible zoning potential.
      940 County Road 14, Auburn, AL 36830
      View Details
    • $499,900
      1,700 SF

      Corner Lot on Highway 280

      Corner lot with high visibility and remodeled interiors.
      4760 Heath Rd, Auburn, AL 36830
      View Details
    • Contact for pricing

      Land Near Auburn University

      Land parcels near Auburn University and high-traffic corridors.
      1192 S Donahue Dr, Auburn, AL 36830
      View Details

    Similar Nearby for Sale

    • $925,000
      2,675 SF

      Development Opportunity in Auburn, AL

      1.15 acre parcel in Opportunity Zone with development potential.
      1403 E Glenn Ave, Auburn, AL 36830
      View Details
    • $895,000

      1.18 Acres Buildable Land

      1.18 acres of buildable land with utilities on tap.
      1830 E Glenn Ave, Auburn, AL 36830
      View Details
    • $120,000
      1.30 Acres

      Land Near Auburn

      1.3-acre property near Auburn with development potential.
      627 Lee Road 15, Auburn, AL 36830
      View Details
    • $599,000

      Prime Auburn Development Opportunity

      Large 11.5-acre parcel with flexible zoning potential.
      940 County Road 14, Auburn, AL 36830
      View Details
    • $499,900
      1,700 SF

      Corner Lot on Highway 280

      Corner lot with high visibility and remodeled interiors.
      4760 Heath Rd, Auburn, AL 36830
      View Details
    • Contact for pricing

      Land Near Auburn University

      Land parcels near Auburn University and high-traffic corridors.
      1192 S Donahue Dr, Auburn, AL 36830
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Corner Acreage for Lease

      Signalized corner location near Auburn University available for ground lease.
      1498 Opelika Rd, 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

      Retail Space Near Auburn University

      Retail space available in mixed-use development near Auburn University.
      206 N Gay St, Auburn, AL 36830
      View Details
    • Contact for pricing

      Retail Space in Auburn

      Retail space in a booming student housing complex.
      191 N College St, Auburn, AL 36830
      View Details
    • Contact for pricing
      13,253 SF

      Former CVS Available For Lease

      Former CVS available for lease with 13,253 SF.
      1498 Opelika Rd, Auburn, AL 36830
      View Details
    • $30 SF/Yr

      Retail Space For Lease

      Retail space available for lease.
      Samford Trce Ct, Auburn, AL 36830
      View Details
    View Listing
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    Auburn, AL 36830
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    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.

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