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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7943 Al Hwy 51 Opelika, AL 36804-9171

    • Turn key restaurants
    • 2,464 SF
    • 17.42 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1420021
    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

    • Turn key restaurants

    Property Details for 7943 Al Hwy 51

    Year built
    2002
    Construction
    WOOD
    Lot size
    17.42 lot acres
    Property size
    2,464 SF
    Property type
    Turn key restaurants
    APN
    17-04-17-0-000-003-002
    APU
    1704170000003002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Opelika
    County
    Lee
    State
    Alabama
    Longitude
    -85.3689
    Latitude
    32.5426
    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
    $7,751
    $62,400
    $149,484
    $211,884
    -
    $312,000
    $747,420
    $1,059,420

    Comparable in this City

    • Value Estimation by Request
      4,345 SF

      1107 Columbus Pkwy

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    • Value Estimation by Request
      1,752 SF

      25250 Us Hwy 80

      RESTAURANT • 1,752 SF
      25250 Us Hwy 80, Opelika, AL 36804-7900
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    • Value Estimation by Request
      1,350 SF

      2757 Al Hwy 169

      RESTAURANT • 1,350 SF
      2757 Al Hwy 169, Opelika, AL 36804-0501
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    • Value Estimation by Request
      1,448 SF

      9415 Al Hwy 51

      RESTAURANT • 1,448 SF
      9415 Al Hwy 51, Opelika, AL 36804-8934
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    • Value Estimation by Request
      4,116 SF

      1103 Columbus Pkwy

      RESTAURANT • 4,116 SF
      1103 Columbus Pkwy, Opelika, AL 36804-5943
      View Details
    • Value Estimation
      $535,000
      8,090 SF

      3040 Capps Way

      RESTAURANT • 8,090 SF
      3040 Capps Way, Opelika, AL 36804-7660
      View Details

    Similar Nearby for Sale

    • $2,695,000
      8,090 SF

      Turn-Key Restaurant Property in Opelika

      Freestanding restaurant near Tiger Town, ready for immediate operation.
      3040 Capps Way, Opelika, AL 36804
      View Details
    • $525,000
      4,000 SF

      Turnkey Restaurant and Bar Opportunity

      Fully equipped restaurant and bar for sale in Opelika, AL.
      11186 Al Highway 51, Opelika, AL 36804
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    • $2,783,000
      3,480 SF

      Freddy's Opelika, AL - NNN Lease

      High-return QSR investment. Strong tenant, long lease.
      1701 Capps Lndg, Opelika, AL 36804
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    • $350,000
      5.00 Acres

      100 Guy Hollow Ln, Opelika, AL 36804

      Commercial real estate • 5.00 Acres
      100 Guy Hollow Ln, Opelika, AL 36804
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    • $57,900
      1.96 Acres

      Wooded Lots Near Schools

      Wooded tracts in Beauregard, close to schools and Auburn.
      7 Lee Road 39, Opelika, AL 36804
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    • $195,000
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      6+ acre estate lot with pecan trees near Auburn.
      3 Lee Rd, Opelika, AL 36804
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    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Opelika Retail Space For Lease

      Retail opportunity in Opelika's first Publix shopping center.
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      View Details
    • Contact for pricing

      1800 Crawford Rd

      Land
      1800 Crawford Rd, Opelika, AL 36804
      View Details
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    Opelika, AL 36804-9171
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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.

    More about this property
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