Anniston Commercial Property for
For Sale
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401 S Leighton Ave, Anniston, AL 36207
Commercial property in Anniston, Alabama, suitable for various business uses.
Property Size2,112 SF
Price / SF$46.88
Days on Market228
Property Features for 401 S Leighton Ave
General Information
Standard status
Active
Size
2,112 SF
Class
C
Property subtype
Industrial, Office
Zoning
SC - Shopping Center District
Building Details
Year Built
1977
Buildings
1
Stories
1
Units
1
Listing Agency:
KW Commercial Chattanooga - Downtown
Listed By:
Brockman Missel · License #TN 358225
Source:
Crexi
Added: Feb 23
Changed: Oct 4
Last Checked: Oct 7 at 11:06AM
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 KW Commercial Chattanooga - Downtown
Investment Insights
Based on property information with market context.
This commercial property in Anniston, Alabama, presents a low-barrier entry point into commercial ownership within a stable Northeast Alabama regional market. Anniston serves as a secondary market with stable employment drivers and established infrastructure. Its position along I-20 provides connectivity to two major metropolitan areas while maintaining significantly lower real estate acquisition costs. The market supports service-based businesses, contractor operations, medical support services, and light industrial uses, making small commercial assets viable and durable. For investors seeking yield in non-primary markets, Anniston offers lower competition, lower acquisition pricing, and operational flexibility. Anniston is a regional hub for Northeast Alabama and the county seat of Calhoun County, with direct access to I-20 (Birmingham–Atlanta Corridor). It is anchored by government, manufacturing, healthcare, and defense. The property is suitable for flex space, industrial properties, office units, office properties and spaces, warehouses, and other commercial real estate uses. The property size is 2112 square feet.
Key Highlights
- Low $125,000 entry point into commercial ownership.
- Stable Northeast Alabama regional market.
- Direct access to I‑20 (Birmingham–Atlanta Corridor).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,205
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,100
$164.1K
Cap Rate 7%
$117,214
$117.2K
Cap Rate 9%
$91,167
$91.2K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$12.7K $6.00/SF
− Vacancy
−$950 −$0.45/SF
EGI
$11.7K $5.55/SF
− OpEx
−$3.5K −$1.67/SF
NOI
$8.2K $3.89/SF
Area
Calhoun County, AL
Vacancy
7.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,100
Cap Rate 7%
$117,214
Cap Rate 9%
$91,167
Alternative Uses
Best Use
Flex RnD
$155.3K
$135.9K – $181.2K
NOI $10,873 @ 7.0% cap · market cap 10.98%
Second Best
Industrial
$117.2K
$102.6K – $136.8K
NOI $8,205 @ 7.0% cap · market cap 8.29%
Theoretical Best
Healthcare Medical
$324.7K
$284.1K – $378.8K
NOI $22,728 @ 7.0% cap · market cap 22.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 36207, AL
19,553
Population
9,260
Households
2.1
Avg Household Size
44
Median Age
32%
College-Educated
90%
High-School Grad
74.8 sq mi
ZIP Area
261
Density / Sq Mi
$70,090
Median Household Income
$39,898
Median Earnings
$890
Median Rent
$195,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial property in Anniston, Alabama, suitable for various business uses.
Where is this flex space located?
The property is located at 401 S Leighton Ave Anniston, AL.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Low $125,000 entry point into commercial ownership.; Stable Northeast Alabama regional market.; Direct access to I‑20 (Birmingham–Atlanta Corridor).
