Anniston Commercial Property for
For Sale
Contact for pricing
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 Market180
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: Aug 19
Last Checked: Aug 22 at 6:34PM
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 = 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
$8,205
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
8.29%
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%
$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
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
$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 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%
$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
Property Profile
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
Market
Vacancy Rate% for Industrial 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?
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).
