Second-Generation Medical Office
For Sale
$1,900,000
1830 Lee Ave SW, Cullman, AL 35055
Modern 2015-built office with existing clinical infrastructure and an Edward Jones lease for immediate income options.
Property Size6,955 SF
Days on Market129
Property Features for 1830 Lee Ave SW
General Information
Standard status
Active
Size
6,955 SF
Property subtype
Office
Building Details
Building Size
6,955 SF
Year Built
2015
Listing Agency:
Lincoln Holdings
Listed By:
Katy Lincoln · License #100712
Source:
Commercialcafe
Added: Jun 17
Changed: Oct 19
Last Checked: Oct 23 at 3:49AM
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 Lincoln Holdings
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Investment Insights
Based on property information with market context.
1830 Lee Avenue SW presents a second-generation medical office building constructed in 2015. The property is described as featuring high-quality finishes, existing clinical infrastructure, and a functional layout intended to support medical and professional uses. For an owner-user, the improvements are already in place, which can help reduce the need for extensive renovation compared with a shell or traditional office configuration.
The building is located along an active commercial corridor in Cullman, Alabama, where tenants and patients can benefit from established professional activity in the area. The property also has existing leasing in place through an Edward Jones lease.
With a mix of medical-focused infrastructure and practical office space design, the asset is well suited for operators seeking a turnkey approach to occupancy. Current leasing provides immediate rental income, while the remaining space may support an owner-user’s plans or future leasing strategies. This makes the property particularly compelling for buyers looking to purchase a modern medical office building that can support both occupied use and income generation from the start.
The building is located along an active commercial corridor in Cullman, Alabama, where tenants and patients can benefit from established professional activity in the area. The property also has existing leasing in place through an Edward Jones lease.
With a mix of medical-focused infrastructure and practical office space design, the asset is well suited for operators seeking a turnkey approach to occupancy. Current leasing provides immediate rental income, while the remaining space may support an owner-user’s plans or future leasing strategies. This makes the property particularly compelling for buyers looking to purchase a modern medical office building that can support both occupied use and income generation from the start.
Key Highlights
- 2015‑built medical/professional office building at 1830 Lee Avenue SW
- Existing clinical infrastructure and functional layout for medical and professional users
- Features high‑quality finishes with improvements already in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,504
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,210,080
$1.2M
Cap Rate 7%
$864,343
$864.3K
Cap Rate 9%
$672,267
$672.3K
Market Conditions
NOI Build-Up for 6,955 SF
Gross rent
$112.7K $16.20/SF
− Vacancy
−$11.8K −$1.70/SF
EGI
$100.8K $14.50/SF
− OpEx
−$40.3K −$5.80/SF
NOI
$60.5K $8.70/SF
Area
Cullman County, AL
Vacancy
10.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,210,080
Cap Rate 7%
$864,343
Cap Rate 9%
$672,267
Alternative Uses
Best Use
Healthcare Medical
$864.3K
$756.3K – $1.01M
NOI $60,504 @ 7.0% cap · market cap 3.18%
Second Best
Office B
$788.7K
$690.1K – $920.2K
NOI $55,209 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.03M
$897.2K – $1.20M
NOI $71,776 @ 7.0% cap · market cap 3.78%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 35055, AL
22,299
Population
10,664
Households
2.1
Avg Household Size
39
Median Age
26%
College-Educated
88%
High-School Grad
63.8 sq mi
ZIP Area
350
Density / Sq Mi
$58,488
Median Household Income
$40,079
Median Earnings
$934
Median Rent
$195,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Cullman Veterinary Hospital Pc: Bonds Tara G DVM — 1636 Main Ave SW, Cullman, AL 35055
- Cullman Veterinary Hospital Pc — 1636 Main Ave SW, Cullman, AL 35055
- Muphree Steven T DVM — 1636 Main Ave SW, Cullman, AL 35055
Frequently Asked Questions
What type of property is this?
Medical Office Space - Modern 2015-built office with existing clinical infrastructure and an Edward Jones lease for immediate income options.
Where is this medical office space located?
The property is located at 1830 Lee Ave SW Cullman, AL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 2015‑built medical/professional office building at 1830 Lee Avenue SW; Existing clinical infrastructure and functional layout for medical and professional users; Features high‑quality finishes with improvements already in place
