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    Distribution Warehouse with Office Title is generated by Realmo AI

    111 TOWN CTR DR, Anniston, AL

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    Industrial warehouse with leased office space and multiple dock high roll-up doors suited for distribution and light logistics operations.

    Type:Industrial
    Property size:
    61,000 SF
    Price / SF:
    $41/SF
    Added:
    May 29, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 6 at 3:31 am

    Property Features for 111 TOWN CTR DR

    General Information

    Standard status
    Active
    Size
    61,000 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Stephen Cotton
    Stephen Cotton

    Listing agent Stephen Cotton License #AL 000014901

    Listing office Jack Cotton Realty LLC

    Listing date May 29, 2026

    Source Crexi

    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 Jack Cotton Realty LLC

    HighLights

    • 61,000 +/- SF warehouse including 4,500 SF Class C office space that is currently leased
    • 22+ ft ceiling height plus 6 dock high roll‑up doors
    • Includes a 3,000 SF mechanical room and partial gas space heaters; sprinkler system in place
    • Masonry and brick construction
    • Zoning is UC1; City of Anniston would extend a Use Permit based on current distribution warehouse use
    • Centrally located 6.2 miles to US Highway 20 Anniston Bypass, 6 miles to Anniston, 10 miles to Anniston Army Depot, and 75 miles to Birmingham

    Overview

    This distribution warehouse totals approximately 61,000 square feet and includes approximately 4,500 square feet of Class C office space that is currently leased. A separated 3,000-square-foot mechanical room (UC1 zoning) supports building operations. The facility features masonry and brick construction, a sprinkler system, partial gas space heaters, and 22-foot-plus ceiling height. Loading access is provided by six dock high roll-up doors.

    The property is centrally located with convenient proximity to regional corridors, including 6.2 miles to US Highway 20 Anniston Bypass and 6 miles to Anniston, Alabama. It is also positioned within 10 miles of Anniston Army Depot and about 75 miles from Birmingham, Alabama. The City of Anniston would extend a Use Permit based on the property’s current use as a distribution warehouse.

    For buyers, this asset offers an income-producing component through the currently leased office space, while the warehouse/distribution configuration supports tenants seeking dock-high loading and clear warehouse height. The property is currently leased, and the tenant has a First Right of Refusal, which is an important consideration for any purchaser evaluating timing and transition planning.
    Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Anniston
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.8316318
    Latitude
    33.6598257

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    FAQs

    What type of property is this?
    Warehouse - Industrial warehouse with leased office space and multiple dock high roll-up doors suited for distribution and light logistics operations.
    Where is this warehouse located?
    The property is located at 111 TOWN CTR DR Anniston, AL.
    What is the asking price?
    The asking price for this property is $2,550,000.
    What are key features of this property?
    This property features: 61,000 +/- SF warehouse including 4,500 SF Class C office space that is currently leased; 22+ ft ceiling height plus 6 dock high roll‑up doors; Includes a 3,000 SF mechanical room and partial gas space heaters; sprinkler system in place
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Stephen Cotton
    Stephen Cotton
    Real Estate License ID: AL 000014901
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    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.

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