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    OFF-MARKET
    Commercial real estate

    601 7Th St, Opelika, AL 36801

    2,776 SF 0.62 ac lot Built 1945
    Property ID
    US03-1395317
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 2,776-square-foot Class B office building in Opelika, Alabama, situated on a 0.62-acre lot at 601 S 7th St, 36801. The property boasts a 100% occupancy rate with a corporate-guaranteed NNN lease to Arrow, a stable tenant, extending until May 30, 2028 (3.5 years remaining, with a 5-year extension option). The building, constructed in 1945 and renovated in 2019, features a single story, 20 parking spaces, and a 700-square-foot basement storage area. The interior includes multiple rooms, a reception area, modern conference rooms, a kitchen, and showers. Hardwood floors throughout add a touch of elegance. The property offers a strong NOI of $49,560, resulting in an 8.62% cap rate, and is priced at $575,000 ($207.13/sq ft). Its convenient location near Downtown Opelika, shopping, restaurants, and public transportation, combined with its attractive features and long-term lease, makes this a compelling investment opportunity. The property is zoned C2 and has an APN of 1003074001044.00. This is a single-unit building with easy interstate access.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1945
    Total area 2,776 SF
    Lot 0.62 ac (27,007 SF)
    APN 1003074001044.00
    UPID US03-1395317
    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
    • Fellowship of Faith Christian Church
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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