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

    323 Glenn Ave Auburn, AL 36830-8878

    • Medical offices
    • 1,222 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    5.1%
    Medical offices
    Location Intelligence
    Property ID
    US03-0994618
    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

    • Pursuit Engineering, Inc. - AL / Engineering Consultant

    Property Details for 323 Glenn Ave

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.22 lot acres
    Property size
    1,222 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    09-09-30-1-001-079-000
    APU
    909301001079000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $230,000
      6.5%
      $210,000
      7%
      $195,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $170,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Lee
    State
    Alabama
    Longitude
    -85.4774
    Latitude
    32.6093
    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
    $3,554
    $38,000
    $27,928
    $65,928
    -
    $190,000
    $139,640
    $329,640

    Comparable in this City

    • Value Estimation
      $250,000
      4,107 SF

      2164 Moores Ml Rd

      MEDICAL BUILDING • 4,107 SF
      2164 Moores Ml Rd, Auburn, AL 36830-8447
      View Details
    • Value Estimation
      $415,000
      8,643 SF

      1800 Lakeside Cir

      MEDICAL BUILDING • 8,643 SF
      1800 Lakeside Cir, Auburn, AL 36830-2842
      View Details
    • Value Estimation
      $300,000
      4,254 SF

      2172 Moores Ml Rd

      MEDICAL BUILDING • 4,254 SF
      2172 Moores Ml Rd, Auburn, AL 36830-8447
      View Details
    • Value Estimation
      $265,000
      3,813 SF

      2160 Moores Ml Rd

      MEDICAL BUILDING • 3,813 SF
      2160 Moores Ml Rd, Auburn, AL 36830-8487
      View Details
    • Value Estimation
      $320,000
      5,810 SF

      1518 Professional Pkwy

      MEDICAL BUILDING • 5,810 SF
      1518 Professional Pkwy, Auburn, AL 36830-2857
      View Details
    • Value Estimation
      $350,000
      7,714 SF

      1575 Professional Pkwy

      MEDICAL BUILDING • 7,714 SF
      1575 Professional Pkwy, Auburn, AL 36830-2858
      View Details

    Similar Nearby for Sale

    • $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
    • $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
    • $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
    • $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
    • $599,000
      11 SF

      Prime Auburn Development Opportunity

      Large 11.5-acre parcel with flexible zoning potential.
      940 County Road 14, Auburn, AL 36830
      View Details
    • $400,000
      3.06 Acres

      Residential Lots in Auburn, AL

      Estate lots for custom homes in Auburn's newest subdivision.
      14 Chewacla Rdg Trl, Auburn, AL 36830
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      2,400 SF

      Auburn Office & Warehouse Complex

      Downtown Auburn, flexible space available.
      453 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

      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

      Retail Space Near Auburn University

      Retail space available in mixed-use development near Auburn University.
      206 N Gay St, 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
    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.
    323 Glenn Ave
    Auburn, AL 36830-8878
    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.