Remodeled Downtown Office
For Sale
$259,000
102 4th Ave, Cullman, AL 35055
Remodeled office space with private offices, reception, conference room, and back private parking for flexible professional use.
Property Size1,084 SF
Price / SF$238.93
Days on Market82
Property Features for 102 4th Ave
General Information
Standard status
Active
Size
1,084 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$700
Building Details
Year Built
1952
Listing Agency:
Happy Homes Real Estate
(256) 590-2658
Listed By:
Wes Warren · License #88921
(256) 590-2658
Source:
Exitrealty
Added: Jun 4
Changed: Aug 23
Last Checked: Aug 23 at 5:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Happy Homes Real Estate
Investment Insights
Based on property information with market context.
This remodeled commercial office space in downtown Cullman offers a practical interior flow with multiple private offices, a reception area, and a conference room that can also be reconfigured based on tenant needs. The space has been freshly painted and features new LVP flooring throughout. The layout and finishes support a range of professional services, including office use, consulting, and spa or wellness concepts such as salon or massage services.
Situated in the Central Business District, the property is positioned for convenient access to downtown amenities. Private parking is available in the back of the office, providing straightforward on-site access for staff and clients.
For tenants, the combination of private rooms and shared reception/conference space is well suited to consultative work that benefits from a clean, updated environment. For investors, the property is described as having a good commercial rental history, providing an added factor to consider alongside the recently refreshed interior and flexible room configuration.
Situated in the Central Business District, the property is positioned for convenient access to downtown amenities. Private parking is available in the back of the office, providing straightforward on-site access for staff and clients.
For tenants, the combination of private rooms and shared reception/conference space is well suited to consultative work that benefits from a clean, updated environment. For investors, the property is described as having a good commercial rental history, providing an added factor to consider alongside the recently refreshed interior and flexible room configuration.
Key Highlights
- Downtown Cullman remodeled commercial office space with a reception area and conference room
- Flexible layout includes multiple private offices, with options for offices, salon, massage, or consulting
- Freshly painted interior with new LVP flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,605
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$172,100
$172.1K
Cap Rate 7%
$122,929
$122.9K
Cap Rate 9%
$95,611
$95.6K
Market Conditions
NOI Build-Up for 1,084 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$13.7K $12.60/SF
− Vacancy
−$2.2K −$2.02/SF
EGI
$11.5K $10.58/SF
− OpEx
−$2.9K −$2.65/SF
NOI
$8.6K $7.94/SF
Area
Cullman County, AL
Vacancy
16.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$172,100
Cap Rate 7%
$122,929
Cap Rate 9%
$95,611
Alternative Uses
Best Use
Office B
$122.9K
$107.6K – $143.4K
NOI $8,605 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$159.8K
$139.8K – $186.5K
NOI $11,187 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,301
Businesses Nearby
Explore this area
Business Placement
Demographics for 35055, AL
22,299
Population
10,664
Households
2.1
Avg Household Size
39
Median Age
26%
College-Educated
88%
High-School Grad
63.8 sq mi
ZIP Area
350
Density / Sq Mi
$58,488
Median Household Income
$40,079
Median Earnings
$934
Median Rent
$195,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Remodeled office space with private offices, reception, conference room, and back private parking for flexible professional use.
Where is this office units located?
The property is located at 102 4th Ave Cullman, AL.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Downtown Cullman remodeled commercial office space with a reception area and conference room; Flexible layout includes multiple private offices, with options for offices, salon, massage, or consulting; Freshly painted interior with new LVP flooring throughout
