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    Property profile & analytics

    201 Bayles St Anderson, AL 35610

    • Community centers
    • 32,237 SF
    • 2.09 lot acres
    For Sale
    View listing
    $850,000
    Value Estimation
    Last Sale
    Feb 27, 2024
    $650,000
    Location Intelligence
    Property ID
    US03-2831022
    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

    • Ranch House Candle / Candle Store
    • The Anderson Center / Wedding Venue / Business Center

    Property Details for 201 Bayles St

    Year built
    1950
    Lot size
    2.09 lot acres
    Property size
    32,237 SF
    Property type
    Community centers
    APN
    01-08-33-1-001-011-001
    APU
    108331001011001

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $650,000

    • CAP approach

      CAP return
      Estimation
      6%
      $630,000
      6.5%
      $595,000
      7%
      $695,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $665,000
      Geo Method
      $575,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $610,000
      Retail
      $710,000
      Mixed-Use
      $660,000
      Hospitality
      $730,000
      Educational
      $720,000
      Residential Income
      $590,000
      Energy
      $690,000
      Income-Based Land
      $670,000
      Food Service
      $745,000

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.2673
    Latitude
    34.9245
    CBSA code
    22520
    CBSA name
    FLORENCE-MUSCLE SHOALS, 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
    $2,931
    $7,780
    $0.00
    $7,780
    -
    $38,900
    $372,740
    $411,640

    Comparable in this City

    • Value Estimation
      $360,000
      4,600 SF

      7230 Hwy 207

      CONVENIENCE STORE • 4,600 SF
      7230 Hwy 207, Anderson, AL 35610-4838
      View Details
    • Value Estimation by Request
      2,250 SF

      7179 Hwy 207

      RESTAURANT • 2,250 SF
      7179 Hwy 207, Anderson, AL 35610-4837
      View Details
    • Value Estimation by Request
      8,268 SF

      27800 Persimmon Tree Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 8,268 SF
      27800 Persimmon Tree Rd, Anderson, AL 35610-3245
      View Details
    • Value Estimation
      $165,000
      4,072 SF

      7367 Hwy 207

      RESTAURANT • 4,072 SF
      7367 Hwy 207, Anderson, AL 35610-4841
      View Details
    • Value Estimation by Request
      4,100 SF

      33770 Al Hwy 99

      CONVENIENCE STORE • 4,100 SF
      33770 Al Hwy 99, Anderson, AL 35610-3116
      View Details
    • Value Estimation by Request
      1,326 SF

      Flannagan Rd

      WAREHOUSE, STORAGE • 1,326 SF
      Flannagan Rd, Anderson, AL 35610
      View Details

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    201 Bayles St
    Anderson, AL 35610
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    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
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