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    Coleman Rd Anniston, AL 36207

    For Sale
    $299,000

    7.77 Acres, Prime Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 7.77-acre commercial land parcel in Anniston, Alabama, presents a compelling investment opportunity. Priced at $299,000, the property comprises two distinct parcels. Parcel A is currently under a five-year lease with the City of Anniston, generating a net operating income (NOI) of $15,732. Parcel B encompasses the remaining 7.77 acres of prime land, ideally suited for various development projects. The location offers excellent accessibility, situated near the intersection of US Highways 78 and 431, providing convenient access to Interstate 20. The property benefits from its proximity to railroad tracks running parallel to US Highway 78, and is surrounded by a mix of small office, light industrial, retail, and restaurant properties, indicating a thriving commercial environment. This strategic location and the existing income stream from Parcel A make this a highly attractive investment for developers and investors seeking a foothold in a growing Alabama market. The property's address is Coleman Road, Anniston, AL 36207, within Calhoun County. The land is zoned for commercial use. This offering presents a rare chance to acquire a substantial land holding with immediate income potential and significant long-term development prospects.

    Property Features for 0 Coleman Rd

    General Information

    Property type
    Land
    Lot Size
    338,461 SF

    HighLights

    • 7.77‑acre commercial land parcel in Anniston, AL, comprising two parcels.
    • Parcel A: 5‑year lease with City of Anniston, generating $15,732 annual NOI.
    • Parcel B: 7.77 acres of developable land.
    • $299,000 sale price.
    • Excellent access to US Hwys 78 & 431, providing I‑20 access.
    • Adjacent to railroad tracks parallel to US Hwy 78.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Anniston
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.803443
    Latitude
    33.6293262

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    FAQs

    What type of property is this?
    Land - 7.77 Acres, Prime Development Opportunity
    Where is this land located?
    The property is located at Coleman Rd Anniston, AL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: 7.77-acre commercial land parcel in Anniston, AL, comprising two parcels.; Parcel A: 5-year lease with City of Anniston, generating $15,732 annual NOI.; Parcel B: 7.77 acres of developable land.
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    Realmo Value Estimation

    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.

    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.

    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
    Coleman Rd Anniston, AL 36207
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