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    690 County Road 820 Cullman, AL 35057

    View on Map
    Sponsored
    For Sale
    $675,000

    Farm / Farmhouse, Farm/Estate - Cullman, AL

    Type:Farm
    Lot size:
    17.00 Acres
    Days on Market:
    6
    Last Refresh:
    Mar 14 at 11:06 pm

    Property Features for 690 County Road 820

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Den, Dining Room, Kitchen, Living Room
    Bedrooms
    4
    Bathrooms
    3
    Parking features
    Carport, Garage, Garage - Attached, Underground/Basement
    Basement Y/N
    1
    Lot size
    17.00 Acres

    Utilities

    Heating system
    Electric (Heating), Propane (Heating)
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Jake King

    Tutt Land Company (334) 627-4004

    Listing agent Jake King (334) 627-4004

    Listing date Mar 9, 2026

    MLS# 11638044 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Seventeen Acre Farm in Cullman

    Located in the Trimble community within the Good Hope School District of Cullman County, Calvert Farms is a 17-acre property that offers both privacy and convenience. The farm is a short 10-minute drive to Good Hope Schools and I-65 at Exit 305, positioning it one hour from Huntsville and Birmingham, Alabama, with Smith Lake Park just 5 minutes away. The property includes a 3-bedroom, 3-bath brick home with a fully finished basement, a 2-car carport, and a garage, situated on a 2-acre homesite. Home amenities include an office space, a man cave area in the basement, and an enclosed garage and apartment setup in the finished basement. A new heat/AC pump was installed less than a year ago. The land features approximately 15 acres of fenced pasture and a 3/4-acre pond. There is 1,300 feet of flat, buildable road frontage along County Road 820. Equestrian and workshop amenities include a 40x60 steel shop with an 18-ft side shed and 22x25 lean-to, featuring concrete floors, a heated and insulated interior, and power and water. Additionally, there is a 70x40 enclosed barn with three horse stalls, a hay storage area, and room to expand, also equipped with power and water. The property is suitable as a working farm, equestrian property, or a versatile homestead with room to expand.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Hotel & Motel Storage Facility Electrical Service Grocery & Convenience Store Travel Agency Bed & Breakfast Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cullman
    County
    Cullman
    State
    Alabama
    Longitude
    -86.955751
    Latitude
    34.105727

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    FAQs

    What type of property is this?
    Farm - Farm with home, pastures, and outbuildings near Cullman, Alabama.
    Where is this farm located?
    The property is located at 690 County Road 820 Cullman, AL.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - 17-acre property with **15 acres of fenced pasture**, ideal for equestrian use or a working farm.; - **40x60 steel shop (heated, insulated, concrete floors, power/water)** and 70x40 enclosed barn with horse stalls and hay storage.; - Charming 3-bedroom, 3-bath brick home with a fully finished basement including enclosed garage and apartment setup.
    (334) 627-4004
    Request Owner's contact information
    690 County Road 820 Cullman, AL 35057
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    Cullman, AL 35057
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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
    690 County Road 820 Cullman, AL 35057
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    Listing Contact
    Jake King
    (334) 627-4004
    Learn more
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