Remodeled Downtown Office
102 4th Ave Ne Cullman, AL 35055
102 4th Ave Ne, Cullman, AL, 35055
$259,000
For Sale
$259,000
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 Market54
Property Features for 102 4th Ave Ne
General Information
- Standard status
- Active
- Size
- 1,084 SF
Listing agency
Happy Homes Real Estate
Listed by
Wes Warren
Source
Exprealty
Added: May 29 Updated: Jul 10 at 1:49PM Checked: Jul 19 at 7:20AM
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.7k | $12.60 |
| − Vacancy | −$2.2k | −$2.02 |
| EGI | $11.5k | $10.58 |
| − OpEx | −$2.9k | −$2.65 |
| NOI | $8.6k | $7.94 |
1,084 SF · lease $12.60/SF/yr · vacancy 16.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Landrum Allison
Law Firm
Gravlee Steven
Law Firm
Similar For Sale Nearby
FAQs
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 Ne 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
