Sports & Entertainment
For Sale
$1,500,000
100 Symphony Way, Anniston, AL 36205
Redeveloped facility combining a full-service restaurant, bar, outdoor patio, and regulation sand volleyball courts.
Property Size8,646 SF
Lot Size4.70 Acres
Price / SF$173.49
Days on Market548
Property Features for 100 Symphony Way
General Information
Standard status
Active
Size
8,646 SF
Lot size
4.70 Acres
Additional Details
Opportunity Zone
Yes
Patio
Yes
Amenities
8 regulation-size sand volleyball courts
professional sports lighting
spectator areas
tournament-ready infrastructure
Building Details
Year Renovated
2019
Listing Agency:
(256) 856-1249
Listed By:
Jordan Akin · License #000116958-0
(256) 856-1249
Source:
Expcommercial
Added: Mar 1, 2025
Changed: Aug 30
Last Checked: Aug 30 at 11:07PM
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 Jordan Akin
Investment Insights
Based on property information with market context.
Redeveloped in 2019, this 4.7-acre sports and entertainment property brings together indoor dining, food-and-beverage operations, and outdoor recreation. The 8,646-square-foot restaurant includes a commercial kitchen, bar, office space, and dining areas that connect with the exterior through large glass roll-up doors. An outdoor patio supports live music, watch parties, private events, and social gatherings.
The site includes 8 regulation-size sand volleyball courts with professional sports lighting and spectator areas. It also serves as the home court for the Jacksonville State University Sand Volleyball Team, supporting year-round athletic programming. Located at 100 Symphony Way in Anniston, Alabama, the property sits within the Fort McClellan Historical District and an Opportunity Zone. The property information also identifies eligibility for federal and state historic tax credits.
The site includes 8 regulation-size sand volleyball courts with professional sports lighting and spectator areas. It also serves as the home court for the Jacksonville State University Sand Volleyball Team, supporting year-round athletic programming. Located at 100 Symphony Way in Anniston, Alabama, the property sits within the Fort McClellan Historical District and an Opportunity Zone. The property information also identifies eligibility for federal and state historic tax credits.
Key Highlights
- 4.7‑acre sports and entertainment property at 100 Symphony Way, Anniston, AL 36205
- 8,646‑square‑foot restaurant with commercial kitchen, bar, office, and indoor dining
- 8 regulation‑size sand volleyball courts with professional sports lighting
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,316
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,546,320
$1.5M
Cap Rate 7%
$1,104,514
$1.1M
Cap Rate 9%
$859,067
$859.1K
Market Conditions
NOI Build-Up for 8,646 SF
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.
Gross rent
$112.1K $12.96/SF
− Vacancy
−$9.0K −$1.04/SF
EGI
$103.1K $11.92/SF
− OpEx
−$25.8K −$2.98/SF
NOI
$77.3K $8.94/SF
Area
Calhoun County, AL
Vacancy
8.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,546,320
Cap Rate 7%
$1,104,514
Cap Rate 9%
$859,067
Alternative Uses
Best Use
Specialty Retail
$1.10M
$966.5K – $1.29M
NOI $77,316 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.33M
$1.16M – $1.55M
NOI $93,044 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36205, AL
838
Population
577
Households
1.5
Avg Household Size
45
Median Age
12%
College-Educated
85%
High-School Grad
13.0 sq mi
ZIP Area
64
Density / Sq Mi
$25,637
Median Household Income
$28,398
Median Earnings
$519
Median Rent
$265,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Sports & entertainment property - Redeveloped facility combining a full-service restaurant, bar, outdoor patio, and regulation sand volleyball courts.
Where is this sports & entertainment property located?
The property is located at 100 Symphony Way Anniston, AL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4.7‑acre sports and entertainment property at 100 Symphony Way, Anniston, AL 36205; 8,646‑square‑foot restaurant with commercial kitchen, bar, office, and indoor dining; 8 regulation‑size sand volleyball courts with professional sports lighting
