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    50 Commons Way Anniston, AL 36203

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    For Lease
    Contact for pricing

    Prime retail space near Publix and Choccolocco Park.

    We can help!

    Listing Contact
    Shelley Jordan Bell
    Source: Atlanticretail

    Listing Agent: Shelley Jordan Bell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Outparcel Near Choccolocco Park

    Approximately 8,300 square feet of retail space is available as an outparcel, specifically Lots 9 and 10, combining for 1.22 acres. The location is in Oxford, Alabama, the largest city in Calhoun County, situated within the Anniston-Oxford Metropolitan Statistical Area. It offers direct access to I-20, placing it centrally between Birmingham and Atlanta. A road widening project is underway on Leon Smith Parkway, with an $11 million investment to expand the Southbound lane in front of Publix from two to four lanes, and potentially five lanes south to Friendship Road. Choccolocco Park, a 300+ acre sports complex featuring baseball, softball, track and field, and soccer amenities, is located approximately half a mile south. This park hosts numerous tournaments and attracted an expected 80,000 visitors in May 2024 based on ticket sales. According to Placer.ai data from 2024, the nearby Publix ranks 15 out of 87 stores in Alabama with 1 million visits in 2023, while Ulta ranks 5 out of 24 stores in Alabama with 135,000 visits in 2023. Area retailers include Publix, Target, Home Depot, Kohl’s, Sam’s, ULTA, Michaels, Dick’s Sporting Goods, Five Below, Hobby Lobby, Burlington, TJ Maxx, and Ross.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Moe's Southwest Grill Restaurant ATI Physical Therapy Physical Therapy Clinic Five Below Variety Store Sharla Hill Eason Physical Therapist UPS Access Point ... Shipping And Mailing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Auto Repair Shop Pharmacy Skin Care Clinic Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Anniston
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.8241
    Latitude
    33.587

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    FAQs

    What type of property is this?
    Retail space - Prime retail space near Publix and Choccolocco Park.
    Where is this retail space located?
    The property is located at 50 Commons Way Anniston, AL.
    What are key features of this property?
    This property features: - **Prime 1.22 AC outparcel** with high visibility and direct access to I-20.; - High traffic location: Publix and Ulta are top-performing stores in Alabama.; - Proximity to Choccolocco Park, attracting 300+ teams annually.
    (404) 759-5464
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    50 Commons Way Anniston, AL 36203
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    Anniston, AL 36203
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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.

    More about this property
    50 Commons Way Anniston, AL 36203
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    Listing Contact
    Shelley Jordan Bell
    (404) 759-5464
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