Office-Live Work Building with
18146 US Hwy 31 Cullman, AL 35058
18146 US Hwy 31, Cullman, AL, 35058
$239,000
For Sale
$239,000
Flexible office layout with reception and connected work areas plus a large rear den and floor-to-ceiling fireplace.
Property Size1,703 SF
Lot Size1.00 Acre
Price / SF$140.34
Days on Market131
Property Features for 18146 US Hwy 31
General Information
- Standard status
- Active
- Size
- 1,703 SF
- Lot size
- 1.00 Acre
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1900
Listing agency
Real Broker LLC
(305) 432-1688
Listed by
Erick Leiva
(305) 432-1688
Source
Exitrealty
Added: Mar 13 Updated: Jul 20 at 10:14PM Checked: Jul 21 at 5:13AM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This commercially zoned live-work and office building is set on a level site with approximately one acre. The interior includes a reception/living area connected to additional workspaces, along with a large rear den featuring a floor-to-ceiling brick fireplace. The layout also includes three bedrooms that can serve as private offices or meeting rooms, and there are 1.5 bathrooms. On-site parking is provided via an attached 2-car carport and an extended driveway, with room on the level lot for signage and potential parking or future modifications (buyer to verify).
The property has highway frontage on US Hwy 31 and is located about 1.6 miles north of the AL-157 and US Hwy 31 intersection, offering high exposure along the corridor.
The structure is described as providing a flexible arrangement suitable for office, service business, professional use, or a live-work configuration, with frontage and parking designed for straightforward customer or client access.
The property has highway frontage on US Hwy 31 and is located about 1.6 miles north of the AL-157 and US Hwy 31 intersection, offering high exposure along the corridor.
The structure is described as providing a flexible arrangement suitable for office, service business, professional use, or a live-work configuration, with frontage and parking designed for straightforward customer or client access.
Key Highlights
- Approximately 1‑acre commercially zoned property with direct US Hwy 31 frontage and on‑site parking
- Located about 1.6 miles north of the AL‑157 and US Hwy 31 intersection
- Existing structure includes reception/living area and connected workspaces for flexible office use
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 | $21.5k | $12.60 |
| − Vacancy | −$3.4k | −$2.02 |
| EGI | $18.0k | $10.58 |
| − OpEx | −$4.5k | −$2.65 |
| NOI | $13.5k | $7.94 |
1,703 SF · lease $12.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$193.1K
$169.0K – $225.3K
NOI $13,518 @ 7.0% cap · market cap 5.66%
Second Best
Mixed Use
$104.4K
$91.3K – $121.8K
NOI $7,306 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$251.1K
$219.7K – $292.9K
NOI $17,575 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Flexible office layout with reception and connected work areas plus a large rear den and floor-to-ceiling fireplace.
Where is this live-work space located?
The property is located at 18146 US Hwy 31 Cullman, AL.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Approximately 1‑acre commercially zoned property with direct US Hwy 31 frontage and on‑site parking; Located about 1.6 miles north of the AL‑157 and US Hwy 31 intersection; Existing structure includes reception/living area and connected workspaces for flexible office use
