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    16 Morton Rd Anniston, AL 36205
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    16 Morton Rd Anniston, AL 36205

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    • Schools
    • 57,200 SF
    • 22.82 lot acres
    For Sale
    $1,500,000
    View Listing →
    Anniston Commercial Property For Sale For Sale
    $1,500,000
    57,265 SF

    Anniston Commercial Property For Sale

    Commercial property available for sale in Anniston, Alabama.

    16 Morton Rd, Anniston, AL 36205
    View Listing
    Property ID
    US03-1086047
    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

    • Schools

    Property Details for 16 Morton Rd

    Lot size
    22.82 lot acres
    Property size
    57,200 SF
    Property type
    Schools

    Description

    This exceptional 57,200 square foot special purpose property, located at 16 Morton Rd, Anniston, Alabama 36205, presents a unique investment opportunity. The property, formerly Sacred Heart School, is situated on a spacious 22.82-acre lot and boasts a comprehensive campus setting. Ideal for a variety of uses, the facility includes approximately 26 classrooms, a fully equipped cafeteria and kitchen, a library, and a chapel. Athletic fields are also present on the grounds. The school underwent renovations in 1996, ensuring a well-maintained structure. The asking price is $1,500,000, translating to $43.71 per square foot. This prime location offers convenient access to Anniston's retail corridor, with proximity to a Walmart Supercenter. The campus is easily accessible via Shipley Road and McClellan Boulevard. The property's expansive grounds offer potential for future expansion, making it an attractive prospect for both educational and other commercial ventures. Its history as an elementary and middle school campus on the former Fort McClellan base adds to its unique character and potential.

    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
    -85.8144628
    Latitude
    33.7178327

    Comparable in this City

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      57,265 SF

      Anniston Commercial Property For Sale

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      Historic Fort McClellan Redevelopment Opportunity

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      Warehouse Redevelopment Opportunity in Anniston

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    Similar Nearby for Sale

    • Contact for pricing
      57,265 SF

      Anniston Commercial Property For Sale

      Commercial property available for sale in Anniston, Alabama.
      16 Morton Rd, Anniston, AL 36205
      View Details
    • $399,900
      2,781 SF

      High-Visibility Office Building For Sale

      Highly visible commercial property with excellent road frontage and accessibility.
      8385 Al Highway 144, Alexandria, AL 36205
      View Details
    • $165,000

      Anniston Multifamily Investment Opportunity

      Six-unit property in shell condition, ideal for investors.
      379 Justice Ave, Anniston, AL 36205
      View Details
    • $399,900
      0.83 Acres

      ALEXANDRIA Office Building on Highway

      Highly visible commercial property with excellent road frontage and accessibility.
      8385 Al Highway 144, Alexandria, AL 36205
      View Details
    • Contact for pricing
      16,528 SF

      Historic Fort McClellan Redevelopment Opportunity

      Three-story, 16,528 SF building on 2.29 acres in Anniston, Alabama.
      236 Headquarters Rd, Anniston, AL 36205
      View Details
    • Contact for pricing
      10,710 SF

      Warehouse Redevelopment Opportunity in Anniston

      10,710 SF warehouse on 2.6 acres in McClellan Industrial Village.
      415 Symphony Way, Anniston, AL 36205
      View Details
    View Listing
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    Anniston, AL 36205
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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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