Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Lee Ave Sw Cullman, AL 35055

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $850,000

    Commercial land suitable for apartments or office building.

    Lot size:
    4.90 Acres

    Property Features for Lee Ave Sw

    General Information

    Standard status
    Active
    Lot size
    4.90 Acres

    We can help!

    Listing Contact
    CINDY DYER
    Source: Exprealty

    Listing Agency: REALTYSOUTH, CULLMAN OFFICE Listing Agent: CINDY DYER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Level Lot For Sale

    This commercial land presents a suitable location for the development of apartments or an office building. The lot is noted for being level.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Cullman
    County
    Cullman
    State
    Alabama
    Longitude
    -86.842184
    Latitude
    34.165066

    Nearby Similar for Sale

    • $419,000
      0.89 Acres

      Prime Retail Property Near Smith Lake

      Nearly an acre near Smith Lake with frontage and existing building.
      1455 County Road 110, Cullman, AL 35057
      View Details
    • $369,000
      1.10 Acres

      Operational Meat Processing Plant

      Fully operational meat processing plant on 1.1 acres for sale.
      3415 Hwy 278 W, Cullman, AL 35057
      View Details
    • New
      $725,000
      1,700 SF

      Cullman Farm with Equestrian Amenities

      Farm with comfortable living, outbuildings, and expansive acreage.
      690 County Road 820, Cullman, AL 35057
      View Details
    • $675,000
      9,100 SF

      Versatile Commercial Building on Highway

      9,100 SF building on 4.21 acres, high visibility.
      9350 Us Highway 278, Cullman, AL 35055
      View Details
    • $219,900
      1,839 SF

      Updated Garden Home in Cullman

      Well-maintained 3-bedroom, 2-bathroom home with modern updates and accessibility features.
      1015 SW Edwardian Way, Cullman, AL 35055
      View Details
    • Contact for pricing
      60,000 SF

      Cullman Acreage with Buildings

      14 acres with two buildings, visible from I-65.
      415 Lincoln Ave Southwest, Cullman, AL 35057
      View Details
    • New
      Contact for pricing
      2,334 SF

      Cullman Office Building For Sale

      Single-story office building with versatile layout in Cullman, Alabama.
      21 Beech Grove Rd, Cullman, AL 35057
      View Details
    • $395,000
      2,400 SF

      Cullman Commercial Shop Near I-65

      Commercial shop with convenient access to I-65 and Smith Lake.
      4880 County Road 222, Cullman, AL 35057
      View Details
    • $675,000

      Versatile Commercial Building on Highway

      9,100 SF building on 4.21 acres, high visibility.
      9350 Us Highway 278 E, Cullman, AL 35055
      View Details
    • $2,400,000

      Established Package Store in Cullman

      High-traffic package store near Hwy 157, downtown Cullman, and outskirts.
      100 County Road 1435, Cullman, AL 35058
      View Details
    • $2,200,000

      Commercial Property with High Visibility

      Commercial property featuring showroom, office, and warehouse space.
      1825 4Th St Sw, Cullman, AL 35055
      View Details
    • Contact for pricing

      Cullman Specialty Property for Sale

      Specialty property available for purchase in Cullman, Alabama.
      1906 Cherokee Ave SW, Cullman, AL 35055
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land suitable for apartments or office building.
    Where is this commercial land located?
    The property is located at Lee Ave Sw Cullman, AL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Great location; - Level lot; - Suitable for apartments
    (256) 709-9979
    Request Owner's contact information
    Lee Ave Sw Cullman, AL 35055
    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.
    Lee Ave Sw
    Cullman, AL 35055
    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
    Lee Ave Sw Cullman, AL 35055
    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

    We can help!
    Listing Contact
    CINDY DYER
    (256) 709-9979
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.