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    Property profile & analytics

    2115 Highway Dr Anniston, AL 36207

    • Investment properties
    • 19,248 SF
    • 2.52 lot acres
    For Sale
    View listing
    $3,650
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1091490
    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

    • Kyla Whitmore, Branch Manager / Loan Service / Bank
    • Silverton Mortgage / Loan Service / Bank
    • Merle Norman Cosmetic Studio / Cosmetic Store

    Property Details for 2115 Highway Dr

    Year built
    2010
    Construction
    METAL FRAME
    Lot size
    2.52 lot acres
    Property size
    19,248 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    21-05-22-0-002-049.000
    APU
    2105220002049000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,035,000
      6.5%
      $1,880,000
      7%
      $1,745,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,132,000
      Market price range: $481k - $2.13M
      AI Estimate
      $2,644,000
      Market price range: $664k - $2.64M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,590,000
      WAREHOUSE, STORAGE
      $1,470,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Anniston
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.7843
    Latitude
    33.6154
    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
    $26,899
    $167,280
    $399,024
    $566,304
    -
    $836,400
    $1,995,120
    $2,831,520

    Comparable in this City

    • Value Estimation by Request
      1,125 SF

      202 Leighton Ave

      STORE/OFFICE (MIXED USE) • 1,125 SF
      202 Leighton Ave, Anniston, AL 36207-6080
      View Details
    • Value Estimation
      $515,000
      12,448 SF

      224 Old Choccolocco Rd

      STORE/OFFICE (MIXED USE) • 12,448 SF
      224 Old Choccolocco Rd, Anniston, AL 36207-1632
      View Details
    • Value Estimation by Request
      1,309 SF

      251 White Plns Rd

      STORE/OFFICE (MIXED USE) • 1,309 SF
      251 White Plns Rd, Anniston, AL 36207-0404
      View Details
    • Value Estimation by Request
      8,200 SF

      1322 Greenbrier Dear Rd

      STORE/OFFICE (MIXED USE) • 8,200 SF
      1322 Greenbrier Dear Rd, Anniston, AL 36207-6702
      View Details
    • Value Estimation by Request
      3,000 SF

      1710 Hillyer Robinson Industrial Pkwy

      STORE/OFFICE (MIXED USE) • 3,000 SF
      1710 Hillyer Robinson Industrial Pkwy, Anniston, AL 36207-6726
      View Details
    • Value Estimation by Request
      8,000 SF

      7754 Al Hwy 9th 9

      STORE/OFFICE (MIXED USE) • 8,000 SF
      7754 Al Hwy 9th 9, Anniston, AL 36207-0151
      View Details

    Similar Nearby for Sale

    • $1,500,000
      4,000 SF

      Anniston Commercial Building

      Prime Anniston location, 4,000 sq ft, 32 parking spaces.
      1900 Golden Springs Rd, Anniston, AL 36207
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    • $69,900
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      Mixed-Use Property in Anniston, AL

      Commercial property with office and apartment near Quintard Avenue.
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    • $299,000
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      Anniston Commercial Land - $299K

      7.77 Acres, Prime Development Opportunity
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    • $469,900
      1,547 SF

      Anniston Warehouse: 10 Acres

      1,547 SF Warehouse on 10 acres. Great investment opportunity.
      1730 Electronics Dr, Anniston, AL 36207
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    • $168,000
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      Anniston Office Building - Great Potential

      Prime location, versatile office space, owner financing.
      1105 Leighton Ave, Anniston, AL 36207
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    • Contact for pricing

      Versatile Warehouse Space Available

      5,000 sq ft warehouse space perfect for various business uses.
      2115 Highway Dr E, Anniston, AL 36207
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    Similar Nearby for Lease

    • Contact for pricing

      White Plains Restaurant

      Second Generation Restaurant - White Plains
      8922 Alabama 9, Anniston, AL 36207
      View Details
    • $4,585 /Mo

      Anniston Specialty Property For Rent

      Specialty property available for rent in Anniston, Alabama.
      2115 Us Highway 78 E, Anniston, AL 36207
      View Details
    • Contact for pricing
      2,220 SF

      Prime Anniston Restaurant Space

      Turnkey Restaurant, 2200 sq ft
      8922 Al-9, Anniston, AL 36207
      View Details
    • Contact for pricing
      62,840 SF

      Anniston Retail Center - Prime Location

      High-traffic retail space available in Anniston, AL.
      1408 Golden Springs Rd, Anniston, AL 36207
      View Details
    • $800 /Mo

      Retail Space Available For Rent

      Retail space available for rent at 3819 Us Highway 78 E.
      3819 Us Highway 78 E, Anniston, AL 36207
      View Details
    • $126 SF/Yr
      1,400 SF

      Greenbriar Retail Space: Anniston, AL

      1400 sq ft retail/office space, high visibility.
      1546 Greenbrier Dear Rd, Anniston, AL 36207
      View Details
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    2115 Highway Dr
    Anniston, AL 36207
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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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