1550 Pumphrey AveAuburn, AL 36832

Property Details for 1550 Pumphrey Ave

Year built

1974

Construction

CONCRETE

Lot size

1.44 AC

Property size (Sq ft)

9,486 SF

Property type

Office buildings

APN

08-07-26-0-000-015-000

APU

807260000015000

Description

This exceptional investment opportunity presents two Class B creative office buildings totaling 17,886 square feet, situated on a combined 3.05 acres in Auburn, Alabama's Auburn Industrial Park. Currently 100% occupied by a credit-rated single tenant under a modified lease with 4.5 years remaining on a 7-year term, featuring 2.5% annual rent bumps and one renewal option. The property boasts a strong net operating income (NOI) of $294,957, yielding an 8.31% cap rate at the asking price of $3,550,000 ($198.48/SF). Recent renovations exceeding $1,000,000 include new acoustical ceilings, LED lighting, HVAC systems, flooring, and a resurfaced parking lot (9.1 spaces per 1,000 sq ft). The strategic location, less than 3 miles from Auburn University and near major highways (Hwy 280 and I-85), provides excellent access and benefits from the presence of 37 national and international corporations in the park, including a newly opened, large data center. The Auburn Industrial Park boasts 0% vacancy within a 2-mile radius, and the submarket is projected to experience 11.1% growth over the next five years. This offering provides a secure, high-return investment in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,367,440

  6.5%

  $1,262,250

  7%

  $1,172,090

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,850,340

  Geo Method

  $1,850,340

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,653,860

  Retail / Commercial

  $1,327,840

  Mixed-Use / Specialty

  $1,297,070

  Hospitality / Lodging

  $917,724

  Institutional / Educational

  $1,339,130

  Residential Income

  $1,566,780

  Multifamily

  $2,023,450

  Automotive / Energy

  $1,147,820

  Parking / Income-Based Land

  $421,824

  Restaurant / Food Service

  $619,052

  Healthcare / Senior Housing

  $1,356,820

Location Insight

City

Auburn

County

Lee

State

Alabama

Latitude

32.6032

Longitude

-85.5118

CBSA code

12220

CBSA name

AUBURN-OPELIKA, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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