Opelika, AL
Commercial Real Estate Market Trends & Data

$486 Avg asking sale price
$17 Avg asking lease rate
8,828 SF Avg unit lease size
17,791 SF Avg building size for sale

Opelika's Demographic Profile

Opelika has 13,934 households and a median income of $51,135, providing context for rent absorption and tenant demand across retail and multifamily assets. A +10% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 34,566
# Households 13,934
Median age 41
Median household income $51,135
Avg household size 2.0
Renter-occupied housing units 5,288
5-year population change +10%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Opelika, AL

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Nearby Retail Markets Avg Cost/SF Typical Size
Opelika $299 17,185 SF
Auburn $377 17,826 SF
Cusseta $238 1,344 SF
Smiths Station $118 1,524 SF
Waverly $300 2,000 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Phenix City $67 18,949 SF 8.80%
Columbus $81 60,046 SF 8.80%
Midland $84 123,116 SF 7.17%

Commercial Properties For Sale in Opelika

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

2400 W Point Pkwy

Opelika, AL 36804

  • 3,950 SF Retail Building
  • $1,350,000
For Sale

3.14 Acre Site & Office Opelika, AL EXIT 58

Opelika, AL 36804

  • 2,495 SF Office Building
  • $1,100,000
For Sale

Former GOO GOO Carwash - 1810 Opelika Rd

Auburn, AL 36830

  • 3,185 SF Specialty
  • $1,950,000
For Sale

Redevelopment Opportunity at 1-85 & Hwy 431

Opelika, AL 36801

  • 38,888 SF Hospitality
  • $3,600,000
For Sale

1820 Robert M Harper Drive

Opelika, AL 36801

  • 1.38 AC Lot
  • 1 Commercial Lot
  • $385,000
For Sale

Whatley Cross Rd

Opelika, AL 36804

  • 3,500 SF Retail Building
  • $385,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Internal Rate of Return (IRR) Calculator
Internal Rate of Return (IRR) Calculator
Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.
What is a Ground Lease?
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Understanding the Nuances of Ground and Land Leases
Master Lease Strategies
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Maximizing Control and Income with Flexible Leasing Solutions
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How to Find Industrial Tenants for Your Property
A practical guide to finding qualified industrial tenants, from building your tenant profile to tenant screening and closing the lease.
Bonus Depreciation
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A practical guide to using bonus depreciation to reduce tax liability, improve cash flow, and plan property improvements with timing strategies in mind.
Accelerated Depreciation in Commercial Real Estate
Accelerated Depreciation in Commercial Real Estate
Understand how accelerated depreciation works, which method fits your deal, and how to avoid the tax pitfalls that catch most investors off guard.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Opelika pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Opelika $486 17,791 SF
Auburn $465 19,663 SF
Cusseta $238 1,344 SF
Smiths Station $127 16,382 SF

Regional Demographic Comparison

This comparison places Opelika alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Opelika or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Opelika 34,566 13,934 41 $51,135 2 5,288 10%
Auburn 81,417 32,761 29 $49,238 2 18,589 8%
Cusseta 137 55 45 $48,749 2 13 -3%
Smiths Station 7,085 2,782 42 $56,420 3 877 11%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Opelika, AL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Opelika

View All Commercial Real Estate For Sale in Opelika
Is Opelika a good market for a first-time commercial real estate investor?

Opelika offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Opelika?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Opelika. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Opelika?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Opelika. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Opelika compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Opelika. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Opelika acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Opelika, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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