Operating Motel on Highway
1834 2nd Ave Cullman, AL 35055
1834 2nd Ave, Cullman, AL, 35055
$1,395,000
For Sale
$1,395,000
Operating motel with high visibility on 1.9 acres.
Property Size17,000 SF
Lot Size1.90 Acres
Price / SF$82.06
Days on Market493
Property Features for 1834 2nd Ave
General Information
- Standard status
- Active
- Size
- 17,000 SF
- Lot size
- 1.90 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1950
Listing Agency
Culpepper Real Estate Inc
(256) 338-5378
Listed by
Clay N Culpepper · License #101611
(256) 338-5378
Source
Exitrealty
Added: Mar 12, 2025 Checked: Jul 17 at 4:17 am
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 Culpepper Real Estate Inc
Investment Insights
Based on property information with market context.
This operating motel is situated on Highway 31 in Cullman, offering high traffic count and visibility. The property includes six buildings located on approximately 1.9 acres. It features frontage on three different streets.
Key Highlights
- High traffic count and visibility on Hwy 31
- Motel is in current operation
- Located on approx 1.9 acres
Local Financial Insights For Hotel Hospitality
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 | $173.4k | $10.20 |
| − Vacancy | −$31.2k | −$1.84 |
| EGI | $142.2k | $8.36 |
| − OpEx | −$74.6k | −$4.39 |
| NOI | $67.5k | $3.97 |
17,000 SF · lease $10.20/SF/yr · vacancy 18.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$964.8K
$844.2K – $1.13M
NOI $67,539 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.51M
$2.19M – $2.92M
NOI $175,440 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Los Compadres
Restaurant
Economy Inn
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Motel - Operating motel with high visibility on 1.9 acres.
Where is this motel located?
The property is located at 1834 2nd Ave Cullman, AL.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: High traffic count and visibility on Hwy 31; Motel is in current operation; Located on approx 1.9 acres
