Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    2033 Winchester Dr Anniston, AL 36201

    Sponsored
    For Sale
    $169,900

    Mixed Use - ANNISTON, AL

    Type:Mixed Use
    Lot size:
    1.66 Acres
    Days on Market:
    26
    Last Refresh:
    Jan 23 at 6:06 pm

    Property Features for 2033 Winchester Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    MIXED USE
    Lot size
    1.66 Acres

    Building Details

    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Nicole Kelley
    Nicole Kelley

    Kelly Right Real Estate of Alabama (256) 525-0213

    Listing agent Nicole Kelley (256) 525-0213

    Listing date Dec 29, 2025

    MLS# 21435734 Listing URL

    Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Anniston Mixed-Use Development Opportunity

    Two contiguous parcels, totaling nearly 2 acres, feature frontage on Winchester Rd and Bynum Leatherwood Rd. The property includes a metal shop, a manufactured home, and an older structure that is ready to be cleared. The terrain is flat. The property has dual-road exposure and no zoning restrictions, which may allow for retail redevelopment, a contractor yard, an apartment complex, or a manufactured home park. Located in Anniston’s expanding commercial corridor, the property has high visibility and flexibility. The area has seen 61% growth in business license issuances in FY 2024. The parcels may also be purchased separately.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Anniston
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.872521
    Latitude
    33.705922

    Nearby Similar for Sale

    • $999,900
      0.17 Acres

      Iconic Mixed-Use Building in Anniston

      Three-story historic building with restaurant and bar potential.
      1024 Noble St, Anniston, AL 36201
      View Details
    • $199,900
      0.16 Acres

      Mixed-Use Commercial Property in Anniston

      Commercial space with apartment, close to RMC hospital campuses.
      1430 Christine Ave, Anniston, AL 36207
      View Details
    • New
      $359,900
      0.08 Acres

      Historic Downtown Anniston Mixed-Use Building

      Two-story brick building with storefront and charming upstairs apartment.
      910 Noble St, Anniston, AL 36201
      View Details
    • $149,900
      0.32 Acres

      Victorian Office Building in Anniston

      Charming Victorian office near hospitals with historical significance.
      1125 Christine Ave, Anniston, AL 36207
      View Details
    • $159,900
      1.52 Acres

      Charming Log Cabin Office Space

      Unique log cabin office on 1.52 acres near town.
      1805 Davis Ave, Anniston, AL 36207
      View Details
    • $45,000
      0.37 Acres

      Office Building in Anniston, AL

      Office building for sale in Anniston, Alabama.
      2418 Wilmer Ave, Anniston, AL 36201
      View Details
    • $159,747
      1.57 Acres

      Anniston Industrial Property with Expansion

      Industrial property with office and storage, plus expansion potential.
      4138 Sprague Ave, Anniston, AL 36206
      View Details
    • $640,000
      0.07 Acres

      Updated Historic Mixed-Use Building

      Updated 1890s mixed-use building in revitalizing downtown Anniston.
      1012 Noble St, Anniston, AL 36201
      View Details
    • $350,000
      0.16 Acres

      Downtown Anniston Retail Opportunity

      Three-story building with retail space and apartment potential.
      917 Noble St, Anniston, AL 36207
      View Details
    • $489,500

      Victorian Duplex with Income Potential

      Victorian duplex featuring original details and modern updates.
      326 E 7Th St, Anniston, AL 36207
      View Details
    • $249,000
      1.00 Acre

      Versatile Commercial Building Near I-20

      Nearly 10,000 sq ft building with high visibility.
      9 Derby St, Anniston, AL 36205
      View Details
    • $69,900
      0.17 Acres

      Mixed-Use Property in Anniston, AL

      Commercial property with office and apartment near Quintard Avenue.
      928 S Leighton Ave, Anniston, AL 36207
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two contiguous parcels totaling nearly 2 acres in Anniston, AL.
    Where is this mixed-use property located?
    The property is located at 2033 Winchester Dr Anniston, AL.
    What is the asking price?
    The asking price for this property is $169,900.
    What are key features of this property?
    This property features: - Prime frontage on Winchester Rd and Bynum Leatherwood Rd provides high visibility and accessibility.; - Nearly 2 acres of flat terrain with dual-road exposure offers massive flexibility for development.; - No zoning restrictions allow for retail redevelopment, contractor yard, apartment complex, or manufactured home park.
    (256) 452-7135
    Request Owner's contact information
    2033 Winchester Dr Anniston, AL 36201
    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.
    2033 Winchester Dr
    Anniston, AL 36201
    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
    2033 Winchester Dr Anniston, AL 36201
    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

    We can help!
    Listing Contact
    Nicole Kelley
    Nicole Kelley
    Real Estate License ID: 101919
    (256) 452-7135
    Learn more
    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.