Two-Unit Duplex with Ensuite
For Sale
$320,000
102 McNabb Road, Cullman, AL 35055
2024-built duplex with open-concept interiors and washer-dryer connections in each residence.
Property Size1,700 SF
Price / SF$188.24
Days on Market104
Property Features for 102 McNabb Road
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Multi Family
Amenities
washer/dryer hook ups
Building Details
Year Built
2024
Listing Agency:
SR4 Realty LLC
(256) 735-3089
Listed By:
Angela Warhurst
(256) 735-3089
Source:
Exitrealty
Added: May 20
Changed: Aug 30
Last Checked: Aug 30 at 2:30PM
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 SR4 Realty LLC
Investment Insights
Based on property information with market context.
This 2024-built duplex contains two residential units within approximately 1,700 square feet. Each residence offers two bedrooms, an ensuite bathroom arrangement, and an open-concept kitchen and living area. Washer and dryer connections are provided in both units.
The property is located at 102 McNabb Road in Cullman, Alabama. Both residences are currently producing income, providing an existing rental component for the next owner. The layout combines a consistent unit configuration with practical in-unit laundry preparation.
The property is located at 102 McNabb Road in Cullman, Alabama. Both residences are currently producing income, providing an existing rental component for the next owner. The layout combines a consistent unit configuration with practical in-unit laundry preparation.
Key Highlights
- Two‑unit duplex completed in 2024
- Approximately 1,700 square feet
- Each unit includes 2 bedrooms and ensuite baths
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
$10,014
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
3.13%
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%
$200,280
$200.3K
Cap Rate 7%
$143,057
$143.1K
Cap Rate 9%
$111,267
$111.3K
Market Conditions
NOI Build-Up for 1,700 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
$15.3K $9.00/SF
− Vacancy
−$995 −$0.59/SF
EGI
$14.3K $8.42/SF
− OpEx
−$4.3K −$2.52/SF
NOI
$10.0K $5.89/SF
Area
Cullman County, AL
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$200,280
Cap Rate 7%
$143,057
Cap Rate 9%
$111,267
Alternative Uses
Best Use
Multifamily LT 5
$143.1K
$125.2K – $166.9K
NOI $10,014 @ 7.0% cap · market cap 3.13%
Second Best
Apartment 5plus
$131.2K
$114.8K – $153.0K
NOI $9,182 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$250.6K
$219.3K – $292.4K
NOI $17,544 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
275
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 Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - 2024-built duplex with open-concept interiors and washer-dryer connections in each residence.
Where is this duplex located?
The property is located at 102 McNabb Road Cullman, AL.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2024; Approximately 1,700 square feet; Each unit includes 2 bedrooms and ensuite baths
