171 Town Ctr Dr Anniston, AL 36205-4102
Property Lookup
Property profile & analytics
171 Town Ctr Dr Anniston, AL 36205-4102
- Medical Office Space
- 127,717 SF
- 10.03 lot acres
Property ID
US03-1917523
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.
Location Intelligence
Current Use by Public Records
- ROTECH Anniston Health & Sickroom / Production Facility
- Aasim Shaheen Sehbai / Physician
- Urquhart Plastic Surgery / Medical Clinic
- Urquhart C Kendrick MD / Physician
- Northeast Alabama Surgical Associates / Medical Clinic / Hospital
Property Details for 171 Town Ctr Dr
- Year built
- 2008
- Lot size
- 10.03 lot acres
- Property size
- 127,717 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 18-05-22-1-011-001.001
- APU
- 1805221011001001
Description
This exceptional investment opportunity presents a two-building medical office and warehouse complex totaling 129,814 square feet situated on 16.32 acres in Anniston, Alabama. The property, built in 1976 with HVAC upgrades in 2008, features 16 units across two single-story buildings and currently houses seven tenants under a modified lease structure with a weighted average lease term of approximately 4.4 years. The complex boasts a 75% overall occupancy rate, with the medical building at approximately 63% and the warehouse at 87%. Significant upside potential exists due to below-market rents and opportunities for lease bumps. The property offers a pro-forma NOI of $678,251 and a pro-forma cap rate of 9.50%, with an asking price of $7,139,482 ($55/sq ft). Located in a high-traffic area off McClellan Boulevard (approximately 24,020 vehicles per day), the property benefits from its proximity to major retailers such as Lowe's, Walmart, and numerous restaurants, and is approximately six miles from the Northeast Alabama Regional Medical Center. Lease options are available, presenting further flexibility for potential investors. This Class B property is a value-add investment opportunity, offering the potential for significant returns through lease optimization and increased occupancy. The property is available for purchase as a whole or separately.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Anniston
- County
- Calhoun
- State
- Alabama
- Longitude
- -85.7856
- Latitude
- 33.7137
- 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
$72,838
$12,200
$1,349,876
$1,362,076
-
$61,000
$6,749,380
$6,810,380
