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    1107 Noble St Anniston, AL 36201

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    1107 Noble St Anniston, AL 36201

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    • Retail space
    • 3,814 SF
    • 0.08 lot acres
    For Sale
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    Historic Downtown Anniston Commercial Property For Sale
    Contact for pricing
    3,457 SF

    Historic Downtown Anniston Commercial Property

    Shell building with potential for office or retail space.

    1107 Noble Street, Anniston, AL 36201
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    Property ID
    US03-1233463
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Direct Intervention / Social Service Agency / Charitable Organization

    Property Details for 1107 Noble St

    Year built
    1910
    Construction
    BRICK
    Lot size
    0.08 lot acres
    Property size
    3,814 SF
    Property type
    Retail space
    APN
    21-03-05-3-004-043.000
    APU
    2103053004043000

    Description

    This exceptional commercial property, located at 1107 Noble Street in the heart of Historic Downtown Anniston, Alabama, presents a unique investment opportunity. Currently a shell building, this 0.08-acre lot offers approximately 29900 square feet of space ready for complete customization. The building's prime location on Noble Street provides excellent visibility and accessibility for both office and retail uses. Its turn-of-the-century architecture is a standout feature, boasting exquisite exterior architectural details and moldings that lend undeniable character and charm. Buyers will appreciate the blank canvas this property provides, allowing for the creation of a space perfectly tailored to their specific business needs and aesthetic preferences. The potential for a high-return investment is significant, given the desirable location and the opportunity to create a truly unique and functional commercial space. This is a rare chance to acquire a piece of Anniston's rich history and transform it into a thriving business hub. The property is priced competitively at $29,900, making it an attractive proposition for discerning investors seeking a high-impact project. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Anniston
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.8294
    Latitude
    33.6587
    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
    $732
    $2,160
    $11,736
    $13,896
    -
    $10,800
    $58,680
    $69,480

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      222 Quintard Ave

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      1015 Gurnee Ave

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      1009 Gurnee Ave

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      1224 Moore Ave

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      1224 Moore Ave, Anniston, AL 36201-4575
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    • Value Estimation
      $525,000
      6,652 SF

      920 Noble St

      RETAIL STORES (PERSONAL SERVICES) • 6,652 SF
      920 Noble St, Anniston, AL 36201-5628
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.08 Acres

      Historic Downtown Anniston Commercial Property

      Shell building with potential for office or retail space.
      1107 Noble St, Anniston, AL 36201
      View Details
    • $85,000
      0.12 Acres

      Renovated Retail/Office Space Available

      Recently renovated retail or office space in historic business district.
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      Downtown Anniston Office/Retail Space

      Move-in ready office or retail space in downtown Anniston.
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      6,000 SF

      Downtown Anniston Commercial Building

      6,000 sq ft commercial building in Downtown Anniston.
      1117 Noble St, Anniston, AL 36201
      View Details
    • $85,000
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      Renovated Commercial Building Near Downtown

      Recently renovated commercial building in historic business district.
      617 15Th St W, Anniston, AL 36201
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    • New
      $299,500
      0.07 Acres

      Downtown Retail Opportunity on Noble

      High-visibility retail space in the heart of Anniston's growing district.
      911 Noble St, Anniston, AL 36201
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Professional Office Suite For Rent

      All-inclusive office suite with reception and multiple rooms available for rent.
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      Historic Victorian Era Office Spaces

      Restored office spaces in downtown Anniston's iconic Caldwell Building.
      1001 Noble St, Anniston, AL 36201
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    View Listing
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    1107 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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