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    214 Turley Dr Anniston, AL 36206

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    214 Turley Dr Anniston, AL 36206

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    • Commercial real estate
    • 9.98 lot acres
    For Sale
    $499,900
    View Listing →
    Multi-Purpose Building with Acreage For Sale
    $499,900
    8,750 SF

    Multi-Purpose Building with Acreage

    Multi-purpose building with 10 acres in Saks, Alabama.

    214 Turley Drive, Anniston, AL 36206
    View Listing
    Property ID
    US03-1362432
    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

    • Commercial real estate

    Property Details for 214 Turley Dr

    Year built
    1978
    Lot size
    9.98 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, situated on a sprawling 9.98-acre lot in Saks, presents a unique investment opportunity. The substantial multi-purpose building boasts a generous footprint, ideal for a variety of uses. A highlight is the expansive interior space, featuring a large 104' x 69' gym and a sizable 84' x 50' basketball court, perfect for fitness centers, recreational facilities, or large-scale events. Further enhancing its versatility is a fully equipped kitchen, making it suitable for catering or food-related businesses. Convenient public restrooms with showers cater to users' needs. Ample storage is provided by a dedicated storage room. The building also includes three offices, one of which is spacious enough to serve as a comfortable conference room. Beyond the building itself, the expansive acreage offers significant potential. The property already includes one baseball backstop, and the remaining land provides ample space for the development of multiple soccer fields or other outdoor recreational amenities. This property's combination of a substantial building and extensive land makes it a rare find, offering significant flexibility and potential for a wide range of commercial ventures. The asking price is $749,900. This is a prime opportunity for an investor seeking a versatile and expansive commercial property with significant development 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
    -85.86098
    Latitude
    33.71284

    Comparable in this City

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      High-Traffic Anniston Commercial Building

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    • $120,000
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      Anniston Commercial Building - Huge Potential

      Versatile building, ideal for redevelopment.
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    • $499,900
      8,750 SF

      Multi-Purpose Building with Acreage

      Multi-purpose building featuring a gym, basketball court, and acreage.
      212 Turley Dr, Anniston, AL 36206
      View Details
    • Contact for pricing
      0.40 Acres

      Residential Lot in Anniston, AL

      Residential lot suitable for building a dream home.
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      0.41 Acres

      Residential Lot in Anniston, AL

      Residential lot available for building a home in Anniston.
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      Commercial Land with High Visibility

      Commercial land with frontage on McClellan Blvd, high-traffic location.
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    Similar Nearby for Sale

    • $149,900
      0.14 Acres

      High-Traffic Anniston Commercial Building

      Prime Hwy 21 Location, High Visibility
      5818 Mcclellan Blvd, Anniston, AL 36206
      View Details
    • $120,000
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      Anniston Commercial Building - Huge Potential

      Versatile building, ideal for redevelopment.
      4007 Saks Rd, Anniston, AL 36206
      View Details
    • $499,900
      8,750 SF

      Multi-Purpose Building with Acreage

      Multi-purpose building featuring a gym, basketball court, and acreage.
      212 Turley Dr, Anniston, AL 36206
      View Details
    • Contact for pricing
      0.40 Acres

      Residential Lot in Anniston, AL

      Residential lot suitable for building a dream home.
      Winfrey Ln, Anniston, AL 36206
      View Details
    • Contact for pricing
      0.41 Acres

      Residential Lot in Anniston, AL

      Residential lot available for building a home in Anniston.
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      Commercial Land with High Visibility

      Commercial land with frontage on McClellan Blvd, high-traffic location.
      6114 Spruce Dr, Anniston, AL 36206
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    View Listing
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    Anniston, AL 36206
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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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