Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land on US Hwy 278 Title is generated by Realmo AI

    807 3rd St, Cullman, AL 35055

    View on Map
    Claim this Listing
    For Sale
    $130,000

    Commercial land for sale in Cullman City, Alabama.

    Type:General Commercial
    Property size:
    852 SF
    Lot size:
    0.75 Acres
    Price / SF:
    $152/SF
    Added:
    Oct 31, 2024
    Days on Market:
    580
    Last Refresh:
    May 13 at 8:13 pm

    Property Features for 807 3rd St

    General Information

    Standard status
    Active
    Size
    852 SF
    Lot size
    0.75 Acres
    Property subtype
    General Commercial

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Kelly Keel

    Listing agent Kelly Keel

    Listing office LEGACY REALTY GROUP LLC

    Listing date Oct 31, 2024

    Source Xome

    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 LEGACY REALTY GROUP LLC

    HighLights

    • Prime location on US Hwy 278, ideal for business ventures.
    • Approximately 0.75 acres of land.
    • Zoned B1, suitable for commercial use.
    • Located in Cullman City.
    • Lot dimensions of 100x679x94x152x65x180.
    • Existing structure has no value, offering a clean slate for development.

    Overview

    This commercial land, approximately 0.75 acres, is located in Cullman City on US Hwy 278. The existing home on the property is considered to have no value, with the value attributed to the land itself. This property is suitable for establishing a business.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cullman
    County
    Cullman
    State
    Alabama
    Longitude
    -86.83437
    Latitude
    34.179188

    Nearby Similar for Sale

    • $370,000
      4,258 SF

      Mixed-Use Commercial Opportunity in Cullman

      Mixed-use property with highway frontage, shop, and livable space.
      61 Al Hwy 69 N, Cullman, AL 35055
      View Details
    • $499,000
      9,100 SF

      Versatile Commercial Building on Highway

      9,100 sq ft building on 4.21 acres for sale.
      9350 US Highway 278, Cullman, AL 35055
      View Details
    • $1,600
      4,200 SF

      Retail Space on Highway 69

      Retail/commercial space with high visibility and ample parking.
      3870 Al Hwy 69, Cullman, AL 35057
      View Details
    • $495,000
      2,932 SF

      Turnkey Transmission Shop with Residence

      Equipped transmission shop with on-site residence on over an acre.
      439 County Road 1568, Cullman, AL 35058
      View Details
    • $599,000

      Cullman Acreage: Development Opportunity

      Rare large acreage in Cullman, AL, ideal for development.
      1707 Warnke Rd NW, Cullman, AL 35055
      View Details
    • $225,000
      1,248 SF

      Cullman Commercial Land Opportunity

      1.9 acres of commercial land in Cullman, Alabama.
      207 Richard Ave NE, Cullman, AL 35055
      View Details
    • $290,000
      3,000 SF

      Renovated Duplex in Southeast Cullman

      Turnkey duplex with updated units, ideal for investors or owners.
      1335 16th SE St, Cullman, AL 35055
      View Details
    • $369,000

      Operational Meat Processing Plant

      Fully operational meat processing plant on 1.1 acres for sale.
      3415 W HIGHWAY 278, CULLMAN, AL 35057
      View Details
    • $3,700,000

      Prime Land in Cullman, AL

      37 acres of prime real estate with unlimited potential.
      900 County Road 1466, Cullman, AL 35055
      View Details
    • $182,990

      Cullman City Wooded Acreage

      4.4 acres in Cullman City with utilities available.
      2311 3RD AVENUE, CULLMAN, AL 35055
      View Details
    • $575,000
      4,583 SF

      Versatile Mixed-Use Commercial Property

      High-visibility commercial property with flexible zoning for business or residential.
      1348 3rd St, Cullman, AL 35055
      View Details
    • $599,000

      Seventeen Acre Farm in Cullman

      17-acre farm with home, barn, shop, and pasture.
      690 county road 820, Cullman, AL 35057
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for sale in Cullman City, Alabama.
    Where is this commercial land located?
    The property is located at 807 3rd St Cullman, AL.
    What is the asking price?
    The asking price for this property is $130,000.
    What are key features of this property?
    This property features: Prime location on US Hwy 278, ideal for business ventures.; Approximately 0.75 acres of land.; Zoned B1, suitable for commercial use.
    (256) 841-5657
    We can help!
    Listing Contact
    Kelly Keel
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    807 3rd St, Cullman, AL 35055
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!