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    Property profile & analytics

    318 Noble St Anniston, AL 36201

    • Manufacturing properties
    • 1,664 SF
    • 2.64 lot acres
    For Sale
    View listing
    $275,000
    Last Sale
    Aug 04, 2023
    $150,000
    Value Estimations
    Cap Rate Potential
    4.1%
    Manufacturing properties
    Location Intelligence
    Property ID
    US03-1212679
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 318 Noble St

    Year built
    1920
    Construction
    BRICK
    Lot size
    2.64 lot acres
    Property size
    1,664 SF
    Property type
    Manufacturing properties
    APN
    21-03-07-4-001-071.000
    APU
    2103074001071000

    Description

    This exceptional Anniston, Alabama commercial property presents a significant investment opportunity. The property encompasses a substantial 2.64-acre lot, providing ample space for expansion or future development. A large 10,800 square foot warehouse is situated on the land, offering significant storage capacity or the potential for conversion to other commercial uses. Additionally, a 5,400 square foot office building is included

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $155,000
      ML approach
      $160,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $110,000
      6.5%
      $100,000
      7%
      $90,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $157,000
      Market price range: $31.2k - $157k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $170,000
      OFFICE BUILDING
      $155,000
      AUTO REPAIR, GARAGE
      $120,000
      COMMERCIAL (GENERAL)
      $105,000
      MEDICAL BUILDING
      $105,000
      WAREHOUSE, STORAGE
      $105,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Anniston
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.8305
    Latitude
    33.6485
    CBSA code
    11500
    CBSA name
    ANNISTON-OXFORD, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,954
    $35,900
    $148,316
    $184,216
    -
    $179,500
    $741,580
    $921,080

    Comparable in this City

    • Value Estimation
      $670,000
      72,329 SF

      919 9th St

      MANUFACTURING (LIGHT) • 72,329 SF
      919 9th St, Anniston, AL 36201-5407
      View Details
    • Value Estimation
      $715,000
      38,088 SF

      Hwy 202

      HEAVY MANUFACTURING • 38,088 SF
      Hwy 202, Anniston, AL 36201
      View Details
    • Value Estimation
      $685,000
      24,707 SF

      702 Clydesdale Ave

      MANUFACTURING (LIGHT) • 24,707 SF
      702 Clydesdale Ave, Anniston, AL 36201-5328
      View Details
    • Value Estimation
      $665,000
      31,522 SF

      1600 Crawford Ave

      MANUFACTURING (LIGHT) • 31,522 SF
      1600 Crawford Ave, Anniston, AL 36201
      View Details
    • Value Estimation
      $380,000
      20,000 SF

      Noble St

      MANUFACTURING (LIGHT) • 20,000 SF
      Noble St, Anniston, AL 36201
      View Details
    • Value Estimation
      $250,000
      3,766 SF

      330 Noble St

      MANUFACTURING (LIGHT) • 3,766 SF
      330 Noble St, Anniston, AL 36201-5963
      View Details

    Similar Nearby for Sale

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      0.21 Acres

      227 14Th St, Anniston, AL 36201

      Industrial properties • 0.21 Acres
      227 14Th St, Anniston, AL 36201
      View Details
    • $225,000
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      Commercial Property with Office, Warehouse

      Versatile commercial property with office and warehouse space in Anniston.
      1430 Wilmer Ave, Anniston, AL 36201
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      Historic District Building, Anniston

      Glass front building in Anniston's Historic District with development opportunities.
      930 Noble St, Anniston, AL 36201
      View Details
    • $99,900
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      Winchester Road Mixed-Use Opportunity

      Versatile Anniston parcel suitable for business or redevelopment.
      2031 Winchester Rd, Anniston, AL 36201
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    • $325,000
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      Anniston Retail Space - Prime Location

      High-traffic corner lot, drive-thru, ample parking
      730 Noble St, Anniston, AL 36201
      View Details
    • $299,900
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      Mixed-Use Property in Anniston, AL

      Mixed-use property with business and living space in Anniston.
      1016 Noble St, Anniston, AL 36201
      View Details
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    318 Noble St
    Anniston, AL 36201
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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