Retail Storefront with High
For Sale
$189,000
206 3rd St, Cullman, AL 35055
Storefront property for sale with strong traffic visibility along 3rd Street frontage.
Property Size930 SF
Price / SF$203.23
Days on Market85
Property Features for 206 3rd St
General Information
Standard status
Active
Size
930 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$651
Building Details
Year Built
1930
Listing Agency:
Doyle Real Estate Agency Inc
(256) 338-7234
Listed By:
Debbie J Wood · License #081144
(256) 338-7234
Source:
Exitrealty
Added: May 21
Changed: Aug 8
Last Checked: Aug 12 at 6:29AM
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 Doyle Real Estate Agency Inc
Investment Insights
Based on property information with market context.
This commercial storefront building is offered for sale and includes street-facing frontage suitable for retail or other customer-oriented uses. The property is sized at 930 square feet, with frontage reported as 278, supporting a visible, walk-up style presentation.
The building is located at 206 3rd St in Cullman, Alabama. Public remarks note strong traffic visibility, which can help improve awareness for passing customers and drive-by traffic.
For prospective buyers or tenants, this asset may be a practical fit for retail operators looking for a compact footprint with direct storefront exposure. If you’re evaluating spaces for a street-facing concept, the combination of listed frontage and visibility is a key factor to consider when planning your business requirements and signage strategy.
The building is located at 206 3rd St in Cullman, Alabama. Public remarks note strong traffic visibility, which can help improve awareness for passing customers and drive-by traffic.
For prospective buyers or tenants, this asset may be a practical fit for retail operators looking for a compact footprint with direct storefront exposure. If you’re evaluating spaces for a street-facing concept, the combination of listed frontage and visibility is a key factor to consider when planning your business requirements and signage strategy.
Key Highlights
- Commercial storefront property built in 1930
- Fronts 278 ft along 3rd Street for strong traffic visibility
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,679
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$133,580
$133.6K
Cap Rate 7%
$95,414
$95.4K
Cap Rate 9%
$74,211
$74.2K
Market Conditions
NOI Build-Up for 930 SF
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.
Gross rent
$10.6K $11.40/SF
− Vacancy
−$1.1K −$1.14/SF
EGI
$9.5K $10.26/SF
− OpEx
−$2.9K −$3.08/SF
NOI
$6.7K $7.18/SF
Area
Cullman County, AL
Vacancy
10.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$133,580
Cap Rate 7%
$95,414
Cap Rate 9%
$74,211
Alternative Uses
Best Use
Retail
$95.4K
$83.5K – $111.3K
NOI $6,679 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$137.1K
$120.0K – $160.0K
NOI $9,598 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- BURKES FLORIST LLC — Burke's Florist LLC, 109 4th Ave NE, Cullman, AL 35055
- Cymbidium Studios — 214 4th St SW, Cullman, AL 35055
Frequently Asked Questions
What type of property is this?
Storefront property - Storefront property for sale with strong traffic visibility along 3rd Street frontage.
Where is this storefront property located?
The property is located at 206 3rd St Cullman, AL.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Commercial storefront property built in 1930; Fronts 278 ft along 3rd Street for strong traffic visibility
