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

    307 College St Auburn, AL 36830-3814

    • Turn key restaurants
    • 2,134 SF
    • 0.66 lot acres
    OFF-MARKET
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0716253
    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

    • Tavern On The Traxs / Restaurant / Bar
    • Toomer's Tavern / Bar

    Property Details for 307 College St

    Year built
    1991
    Construction
    WOOD
    Lot size
    0.66 lot acres
    Property size
    2,134 SF
    Property type
    Turn key restaurants
    APN
    09-09-30-2-001-158-000
    APU
    909302001158000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $224,000
      Market price range: $119k - $224k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $180,000
      Current use
      OFFICE BUILDING
      $300,000
      Change: +64% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $215,000
      Change: +20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Lee
    State
    Alabama
    Longitude
    -85.4824
    Latitude
    32.6102
    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
    $4,815
    $92,000
    $89,164
    $181,164
    -
    $460,000
    $445,820
    $905,820

    Comparable in this City

    • Value Estimation
      $205,000
      2,788 SF

      5044 Us Hwy 29th S

      RESTAURANT • 2,788 SF
      5044 Us Hwy 29th S, Auburn, AL 36830-8192
      View Details
    • Value Estimation
      $250,000
      2,472 SF

      201 College St

      RESTAURANT • 2,472 SF
      201 College St, Auburn, AL 36830-4707
      View Details
    • Value Estimation
      $380,000
      6,619 SF

      2487 Glenn Ave

      RESTAURANT • 6,619 SF
      2487 Glenn Ave, Auburn, AL 36830-6419
      View Details
    • Value Estimation
      $235,000
      3,060 SF

      129 Magnolia Ave

      RESTAURANT • 3,060 SF
      129 Magnolia Ave, Auburn, AL 36830-4721
      View Details
    • Value Estimation
      $245,000
      1,782 SF

      127 Magnolia Ave

      RESTAURANT • 1,782 SF
      127 Magnolia Ave, Auburn, AL 36830-4721
      View Details
    • Value Estimation
      $290,000
      5,194 SF

      120 Mitcham Ave

      RESTAURANT • 5,194 SF
      120 Mitcham Ave, Auburn, AL 36830-3803
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Opelika Road Retail/Restaurant Opportunity

      Restaurant/Retail property with high visibility near Auburn University.
      1463 Opelika Rd, Auburn, AL 36830
      View Details
    • $899,000
      2,640 SF

      Commercial Property in Growing Auburn

      High-visibility commercial property in a rapidly growing Auburn area.
      1319 Opelika Rd, Auburn, AL 36830
      View Details
    • $2,200,000

      Freestanding Building on University Drive

      One-story building with frontage on University Blvd in Auburn, AL.
      2085 E University Dr, Auburn, AL 36830
      View Details
    • $750,000
      1.55 Acres

      Auburn Commercial Land Opportunity

      1.55 Acres, Prime Location, $750,000
      2548 Hilton Garden Dr, 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
    • $160,000
      0.81 Acres

      Residential Lot in South Auburn

      Large 0.8-acre lot for custom home in Auburn, AL.
      617 Overbrook Ln, Auburn, AL 36830
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Auburn, Alabama

      Available retail anchor space in a dominant market.
      1716 Opelika Rd, Auburn, AL 36830
      View Details
    • $30 SF/Yr
      11,366 SF

      Auburn Retail Center - Samford Trace

      Prime Retail Space Available in Auburn, AL
      0 Samford Trce Ct, 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
    • Contact for pricing
      2,463 SF

      Downtown Auburn Retail Gem

      High-traffic, 2,463 SF retail space.
      191 College St, 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
      90,000 SF

      Auburn Bank Center: Class A Office

      Modern Auburn office space, flexible suites.
      100 Gay St, 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.
    307 College St
    Auburn, AL 36830-3814
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.