Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    201 Bayles St Anderson, AL 35610

    Sponsored
    For Sale
    $850,000

    Historic building, multiple income streams.

    Property size:
    32,237 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, The Anderson Center, presents a compelling investment opportunity. Originally constructed in 1933 and extensively renovated in 2022, this 32,237 square foot building sits on a 2-acre lot at 201 Bayles St, Anderson, AL 35610. Currently operating as a thriving wedding venue, the property also generates income from leased business office spaces and 19 newly constructed self-storage units. The wedding venue offers diverse settings for various wedding styles, ensuring consistent revenue. The addition of the storage units represents a significant unrealized income potential, poised to substantially increase the property's profitability upon full occupancy. The property boasts a current NOI of $89,000, yielding a 10.47% cap rate. Pro-forma projections indicate a NOI of $108,800 and a 12.80% cap rate, reflecting the substantial upside potential from the soon-to-be-leased storage units. This turnkey operation offers multiple income streams, providing a stable and growing investment opportunity. The asking price is $850,000. Further details are available upon request.

    Property Features for 201 Bayles St

    General Information

    Property type
    Office space
    Square Feet
    32,237 SF
    Lot Size
    87,120 SF

    Building Details

    Year Built/Renovated
    1933/2022
    Buildings
    1

    HighLights

    • Exceptional current cap rate growth.
    • Multiple revenue streams.
    • Significant untapped income potential.
    • Nineteen brand‑new, immediately leasable storage units offering substantial rental upside.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranch House Candle Candle Store The Anderson Center Wedding Venue

    Suggested Use

    Restaurant Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store Department Store Grocery Store Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.2673552
    Latitude
    34.9246123

    Nearby Comparable

    • $270,000

      Land for Mini Farm

      Land suitable for farming, horses, cattle, gardening, hunting.
      27185 B Un Hl Rd, Anderson, AL 35610
      View Details
    • $195,500
      14.72 Acres

      Farm Land with Road Frontage

      14.72 acre farm with open land and wooded areas.
      01 Teddy White Rd, Lexington, AL 35648
      View Details

    FAQs

    What type of property is this?
    Office space - Historic building, multiple income streams.
    Where is this office space located?
    The property is located at 201 Bayles St Anderson, AL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Exceptional current cap rate growth.; Multiple revenue streams.; Significant untapped income potential.
    Request Owner's contact information
    201 Bayles St Anderson, AL 35610
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    201 Bayles St
    Anderson, AL 35610
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    201 Bayles St Anderson, AL 35610
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.