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

    515 S Noble St Anniston, AL 36201

    Sponsored
    For Sale
    $225,000

    Business - ANNISTON, AL

    Type:Business
    Lot size:
    0.43 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 29 at 4:06 pm

    Property Features for 515 S Noble St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Zoning
    Commercial Retail
    Lot size
    0.43 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1969
    Flooring type
    Concrete, Tile, Vinyl
    Building materials
    Block, Concrete, Frame
    Architectural style
    Other

    We can help!

    Listing Contact
    Chris Bobo

    Northeast Alabama Real Estate Co., LLC dba Keller Williams Realty Group (256) 241-1500

    Listing agent Chris Bobo (256) 241-1500

    Listing date Jan 29, 2026

    MLS# 21442142 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

    Property Insight Report

    Overview

    Warehouse/Office Combo in Anniston

    This commercial property in Anniston, Alabama, is a versatile warehouse and office combination suitable for service businesses or warehousing. The property features 20-foot ceilings, multiple storage areas, an oversized rear door, and a loading dock. The updated office space includes new flooring, paint, decor, and a half bath. An upstairs apartment, which needs some improvements, includes a kitchenette, full bath, and laundry area. The property has a fully fenced lot, providing secure equipment storage and parking, with gated access at the front and rear. The lot size is 0.43 acres. The zoning is Commercial Retail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bolton Service Company, ... Hvac Contractor Lee's Heating & AC Air Conditioning Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Anniston Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Anniston
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.828364
    Latitude
    33.64012

    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?
    Warehouse - Versatile commercial property with warehouse, office, and apartment space.
    Where is this warehouse located?
    The property is located at 515 S Noble St Anniston, AL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - 20-ft ceilings suitable for warehousing or service business.; - Oversized rear door and loading dock for efficient operations.; - Secure, fully fenced lot with front and rear gated access for equipment storage and parking.
    (256) 241-1500
    Request Owner's contact information
    515 S Noble St 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.
    515 S Noble St
    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
    515 S Noble St 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
    Chris Bobo
    (256) 241-1500
    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.