Medical Office and Rehabilitation
For Sale
$1,060,000
105 SE Second Ave, Cullman, AL 35055
Healthcare facility located on SE Second Ave across from Sacred Heart Church.
Property Size10,124 SF
Price / SF$104.70
Days on Market95
Property Features for 105 SE Second Ave
General Information
Standard status
Active
Size
10,124 SF
Total Parking Spaces
3
Zoning
CBD
Taxes and HOA fees
Annual Taxes
$5,406
Amenities
Central Air
Elevator, Entrance Foyer, Storage
City
Additional Parking, On Street
Building Details
Building Size
10,124 SF
Year Built
2002
Buildings
1
Stories
2
Listing Agency:
Culpepper Real Estate
Listed By:
Lauren Roden · License #168392
(731) 499-1377
Source:
Evrealestate
Added: Jul 28
Changed: Oct 28
Last Checked: Oct 28 at 8:24AM
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 Culpepper Real Estate
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Investment Insights
Based on property information with market context.
105 SE Second Ave, Cullman, AL 35055 is a for-sale healthcare property that includes medical office and rehabilitation center use. The property is listed at 10,124 square feet.
Directions: From CAR, take 278E to 2nd avenue and turn left. The property is on the left across from Sacred Heart Church.
This facility is best suited for organizations seeking a combined medical office and rehabilitation center setting in a straightforward, accessible storefront-style location.
Directions: From CAR, take 278E to 2nd avenue and turn left. The property is on the left across from Sacred Heart Church.
This facility is best suited for organizations seeking a combined medical office and rehabilitation center setting in a straightforward, accessible storefront-style location.
Key Highlights
- Healthcare facility located on SE Second Ave across from Sacred Heart Church
- Year built: 2002
- Central air cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,073
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,761,460
$1.8M
Cap Rate 7%
$1,258,186
$1.3M
Cap Rate 9%
$978,589
$978.6K
Market Conditions
NOI Build-Up for 10,124 SF
Gross rent
$164.0K $16.20/SF
− Vacancy
−$17.2K −$1.70/SF
EGI
$146.8K $14.50/SF
− OpEx
−$58.7K −$5.80/SF
NOI
$88.1K $8.70/SF
Area
Cullman County, AL
Vacancy
10.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,761,460
Cap Rate 7%
$1,258,186
Cap Rate 9%
$978,589
Alternative Uses
Best Use
Healthcare Medical
$1.26M
$1.10M – $1.47M
NOI $88,073 @ 7.0% cap · market cap 8.31%
Second Best
Office B
$1.15M
$1.00M – $1.34M
NOI $80,364 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,480 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Rehabilitation center - Healthcare facility located on SE Second Ave across from Sacred Heart Church.
Where is this rehabilitation center located?
The property is located at 105 SE Second Ave Cullman, AL.
What is the asking price?
The asking price for this property is $1,060,000.
What are key features of this property?
This property features: Healthcare facility located on SE Second Ave across from Sacred Heart Church; Year built: 2002; Central air cooling
