Updated Historic Mixed-Use
1012 Noble Street Anniston, AL 36201
1012 Noble Street, Anniston, AL, 36201
$615,000
For Sale
$615,000
Revitalized 1890s commercial building with loft in Downtown Anniston.
Property Size5,802 SF
Price / SF$105
Days on Market129
Property Features for 1012 Noble Street
General Information
- Standard status
- Active
- Size
- 5,802 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1890
Listing Agency
ERA King Real Estate
(205) 753-0236
Listed by
Diana White · License #87315
(205) 753-0236
Source
Exitrealty
Added: Mar 10 Checked: Jul 16 at 6:17 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ERA King Real Estate
Investment Insights
Based on property information with market context.
This updated 3-story commercial building, dating back to the 1890s, is located in the heart of revitalizing Downtown Anniston. The street level features a reception area, kitchenette, bathroom, and multiple rooms, currently leased to a salon. The basement provides private garage access with an automatic opener and storage space. The top-floor loft includes tongue-and-groove ceilings, a skylight, a decorative fireplace, and solid core doors. The gourmet kitchen features a stone-surround island with seating for eight, a stone backsplash, a pantry, an appliance package with a new dishwasher, and a wine cooler hookup. The loft layout includes two bedrooms, two bathrooms with tile showers and heated floors, closet space, laundry with a washer and dryer, a bonus flex space, and a half bath. Recent updates include a 60-mil TPO roof (2025) and three HVAC units (less than one year old). Exposed brick walls, wood stairs, and arched doorways add to the building's charm. The property is located near bike races, live music venues, restaurants, and festivals. The loft is sold mostly furnished. The property is ideal for mixed-use investment or Airbnb.
Key Highlights
- Updated top‑floor loft featuring a gourmet kitchen, 2 bedrooms, 2 baths, and bonus space.
- Prime location in revitalizing Downtown Anniston, near amenities and events.
- Income‑producing street‑level commercial space currently leased to a salon.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.1k | $11.40 |
| − Vacancy | −$6.6k | −$1.14 |
| EGI | $59.5k | $10.26 |
| − OpEx | −$17.9k | −$3.08 |
| NOI | $41.7k | $7.18 |
5,802 SF · lease $11.40/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$595.3K
$520.9K – $694.5K
NOI $41,670 @ 7.0% cap · market cap 6.78%
Second Best
Mixed Use
$525.6K
$459.9K – $613.2K
NOI $36,792 @ 7.0% cap · market cap 5.98%
Theoretical Best
Healthcare Medical
$892.0K
$780.5K – $1.04M
NOI $62,438 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hair and Co.
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Revitalized 1890s commercial building with loft in Downtown Anniston.
Where is this mixed-use property located?
The property is located at 1012 Noble Street Anniston, AL.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Updated top‑floor loft featuring a gourmet kitchen, 2 bedrooms, 2 baths, and bonus space.; Prime location in revitalizing Downtown Anniston, near amenities and events.; Income‑producing street‑level commercial space currently leased to a salon.
