Add Listing
    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

    1010 Miller St Sw Cullman, AL 35055

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $400,000

    Charming office space in remodeled home with modern finishes.

    Lot size:
    0.33 Acres

    Property Features for 1010 Miller St Sw

    General Information

    Standard status
    Active
    Lot size
    0.33 Acres

    We can help!

    Listing Contact
    Becky Flack
    Becky Flack
    Source: Exprealty

    Listing Agency: Culpepper Real Estate Inc Listing Agent: Becky Flack

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

    Learn more

    Property Insight Report

    Overview

    Remodeled Office Space For Sale

    This is a charming office space located in a newly remodeled home. The property is zoned B2 and was updated in 2024 with modern finishes. It features a concrete parking pad.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office properties & Spaces

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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.

    Similar Places Nearby

    OfficeMax Tech Services, Walmart Home Theater Installation

    Location Insight

    • Map
    • Local Demand
    City
    Cullman
    County
    Cullman
    State
    Alabama
    Longitude
    -86.8489107
    Latitude
    34.150134

    Nearby Similar for Sale

    • $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
    • $375,000
      4,258 SF

      Mixed-Use Property on Highway 69

      Mixed-use commercial property with highway frontage near Cullman, Alabama.
      61 Al Highway 69 N, Cullman, AL 35055
      View Details
    • New
      $675,000
      17.00 Acres

      Seventeen Acre Farm in Cullman

      Farm with home, pastures, and outbuildings near Cullman, Alabama.
      690 County Road 820, Cullman, AL 35057
      View Details
    • New
      $349,999
      3,000 SF

      Renovated Duplex in Southeast Cullman

      Turnkey duplex with strong rental potential near schools and shopping.
      1335 16Th St SE, Cullman, AL 35055
      View Details
    • $369,000
      1.10 Acres

      Operational Meat Processing Plant

      Fully operational meat processing plant on 1.1 acres for sale.
      3415 Us Highway 278 W, Cullman, AL 35057
      View Details
    • 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
    • $775,000
      5,712 SF

      Spacious Office Building in Town

      Large office space with multiple rooms in central location.
      409 2Nd Ave, Cullman, AL 35055
      View Details
    • $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
    • $2,200,000
      7,000 SF

      Versatile Commercial Property For Sale

      10,000 sq ft commercial property with high visibility.
      1825 4Th St, Cullman, AL 35055
      View Details
    • Contact for pricing
      3,840 SF

      Established Package Store For Sale

      Well-established package store in a high-traffic, prime location.
      100 County Road 1435, Cullman, AL 35058
      View Details
    • $500,000

      Warehouse or Industrial Facility

      Warehouse/industrial facility west of Cullman. Many uses.
      126 County Road 1093, Cullman, AL 35057
      View Details
    • $599,900
      2,942 SF

      Cullman Office Building - $599,900

      Prime Cullman location, high traffic, vacant office.
      1931 Main Ave, Cullman, AL 35055
      View Details

    FAQs

    What type of property is this?
    Office property - Charming office space in remodeled home with modern finishes.
    Where is this office property located?
    The property is located at 1010 Miller St Sw Cullman, AL.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Zoned B2, allowing for business use.; - Newly remodeled in 2024 with modern finishes.; - Charming office space.
    (256) 385-5764
    Request Owner's contact information
    1010 Miller St 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.
    1010 Miller St 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
    1010 Miller St 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
    Becky Flack
    Becky Flack
    (256) 385-5764 (256) 379-1389 (256) 739-1444
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!