All piston compressors are noisy. Box it or outdoor enclosure is all you can do for that...
The oilfree vertical you've got aint 10cfm, maybe calculated but no way in the real world. The piston leaks like a sieve on them. Plus IIRC that model is a brush motor and revs it's n*ts off.
^ that one in the piccy above is the same unit that Lidl sell occasionally and is a real sweetie for the money, the pump is overbuilt compared to SIPs and Sealeys of the same class
required cfm depends on the type of tool, and whether the demand is continuous or intermittent. Eg for a rattle gun, hose size is more important than pump capacity- it needs a good jag of air to break a bolt loose which even a small tank will contain, but if there's a bottleneck at a hose or fitting well...
Tell us what tools they are and how you use them