409 2nd Ave, Cullman, AL 35055
Large office space with multiple rooms in central location.
- Added:
- Aug 16, 2024
- Days on Market:
- 677
- Last Refresh:
- May 19 at 9:04 pm
Property Features for 409 2nd Ave
General Information
- Standard status
- Active
- Size
- 5,712 SF
- Lot size
- 0.12 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1971
Listing agent CINDY DYER License #066086 (256) 709-9979
Listing office REALTYSOUTH, CULLMAN OFFICE (256) 709-9979
Listing date Aug 16, 2024
Source Exitrealty
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 REALTYSOUTH, CULLMAN OFFICE
HighLights
- Large office space: 5848' available.
- 15 private offices.
- High‑traffic location: Entry on Highway 31.
- Central location in town.
- Multiple entry points: Front and back of building.
- Variety of flooring: Hardwood, tile, and vinyl.
Overview
Local Financial Insights For Office B
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 | $72.0k | $12.60 |
| − Vacancy | −$11.5k | −$2.02 |
| EGI | $60.5k | $10.58 |
| − OpEx | −$15.1k | −$2.65 |
| NOI | $45.3k | $7.94 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cullman
- County
- Cullman
- State
- Alabama
- Longitude
- -86.8432
- Latitude
- 34.1733
