Medical Office and Rehabilitation
105 SE Second Ave Cullman, AL 35055
New
For Sale
$1,060,000
Healthcare facility located on SE Second Ave across from Sacred Heart Church.
Property Size10,124 SF
Price / SF$104.70
Days on Market3
Property Features for 105 SE Second Ave
General Information
Standard status
Active
Size
10,124 SF
Building Details
Year Built
2002
Listing Agency:
Culpepper Real Estate
(731) 499-1377
Listed By:
Lauren Roden · License #168392
(731) 499-1377
Source:
Evrealestate
Added: Jul 27
Changed: Jul 29
Last Checked: Jul 29 at 2:31AM
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
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 For Healthcare Medical
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 | $164.0k | $16.20 |
| − Vacancy | −$17.2k | −$1.70 |
| EGI | $146.8k | $14.50 |
| − OpEx | −$58.7k | −$5.80 |
| NOI | $88.1k | $8.70 |
10,124 SF · lease $16.20/SF/yr · vacancy 10.50% · expense 40.00%
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.
Property Analytics
Location Intelligence
Current Use
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
