Office Building with
For Sale
$225,000
207 Richard Ave NE, Cullman, AL 35055
Commercial Sale, Cullman, AL
Property Size1,248 SF
Lot Size1.90 Acres
Price / SF$180.29
Days on Market164
Property Features for 207 Richard Ave NE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school
East Elementary
Middle school
Cullman Middle
High school
Cullman
Directions
Beginning on Hwy 31 in downtown Cullman, turn and travel east on US Hwy 278 E (aka 3rd Street SE). Travel approximately 1.5 miles and turn left onto Richard Ave. Richard Ave. will become a dead end and the property is located on the left side or road.
Subdivision
Cullman
Standard status
Active
APN
17-01-11-4-003-001.001
Size
1,248 SF
Lot size
1.90 Acres
Taxes and HOA fees
Tax Description
1.9 AC, LOT 2 QUIET VILLAGE SUB
Tax Annual Amount
486
Legal Description
1.9 AC, LOT 2 QUIET VILLAGE SUB
Utilities
Sewer type
Public Sewer
Building Details
Year built
1986
Listing Agency:
Realty Executives - Eagle Eye · Realty Executives International
Listed By:
Scott C Edmondson · License #112482
(256) 708-3678
Added: May 4
Changed: Oct 8
Last Checked: Oct 14 at 4:06AM
MLS# 528653
Copyright © 2026 Strategic MLS Alliance, INC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office property includes 1,248 square feet of building area on a 1.9-acre parcel. Constructed in 1986, the building includes a bathroom and is served by public sewer. The site offers a combination of enclosed office space and substantial outdoor area within Cullman city limits.
B1 zoning supports the property’s commercial office classification. Its configuration may accommodate a business seeking workspace together with room for equipment, vehicles, or related operations, subject to applicable requirements. The property is near St. Bernard and other businesses while retaining a more private setting.
B1 zoning supports the property’s commercial office classification. Its configuration may accommodate a business seeking workspace together with room for equipment, vehicles, or related operations, subject to applicable requirements. The property is near St. Bernard and other businesses while retaining a more private setting.
Key Highlights
- 1.9‑acre site within Cullman city limits
- 1,248‑square‑foot office building
- B1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,907
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,140
$198.1K
Cap Rate 7%
$141,529
$141.5K
Cap Rate 9%
$110,078
$110.1K
Market Conditions
NOI Build-Up for 1,248 SF
Gross rent
$15.7K $12.60/SF
− Vacancy
−$2.5K −$2.02/SF
EGI
$13.2K $10.58/SF
− OpEx
−$3.3K −$2.65/SF
NOI
$9.9K $7.94/SF
Area
Cullman County, AL
Vacancy
16.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,140
Cap Rate 7%
$141,529
Cap Rate 9%
$110,078
Alternative Uses
Best Use
Office B
$141.5K
$123.8K – $165.1K
NOI $9,907 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$184.0K
$161.0K – $214.7K
NOI $12,879 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - B1-zoned office property with public sewer and land for business operations or equipment storage.
Where is this office building located?
The property is located at 207 Richard Ave NE Cullman, AL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1.9‑acre site within Cullman city limits; 1,248‑square‑foot office building; B1 zoning
