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21 Beech Grove Rd, Cullman, AL 35057
Adaptable building suitable for medical, retail, or daycare use.
Property Size3,431 SF
Price / SF$83.07
Days on Market176
Property Features for 21 Beech Grove Rd
General Information
Standard status
Active
Size
3,431 SF
Class
B
Total Parking Spaces
20
Property subtype
Mixed Use, Office, Retail, Special Purpose
Zoning
Cullman County Commercial
Building Details
Year Built
2002
Year Renovated
2025
Buildings
1
Stories
1
Units
1
Listing Agency:
SVN | AVAT Realty, LLC
(504) 715-7033
Listed By:
Phillip Chenault · License #AL 000137416-0
Source:
Crexi
Added: Feb 16
Changed: Aug 8
Last Checked: Aug 8 at 6:37AM
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 SVN | AVAT Realty, LLC
Investment Insights
Based on property information with market context.
This 3,431-square-foot commercial building is located in Cullman, Alabama. Previously used as a hospice medical building and dispatch office, the property is situated in a growing area near Smith Lake and Cullman. The building is suitable for a medical space, such as an animal vet or general practitioner. The grass lot in the back of the property is suitable for a daycare center. The property is zoned for medical office, general office, retail, daycare centers, and other specialty commercial uses.
Key Highlights
- Ideal for Medical Space (Animal Vet or General Practitioner)
- Growing Area due to Smith Lake and Cullman, Alabama
- Grass lot suitable for a Daycare
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
$24,641
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
8.65%
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%
$492,820
$492.8K
Cap Rate 7%
$352,014
$352.0K
Cap Rate 9%
$273,789
$273.8K
Market Conditions
NOI Build-Up for 3,431 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
$39.1K $11.40/SF
− Vacancy
−$3.9K −$1.14/SF
EGI
$35.2K $10.26/SF
− OpEx
−$10.6K −$3.08/SF
NOI
$24.6K $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%
$492,820
Cap Rate 7%
$352,014
Cap Rate 9%
$273,789
Alternative Uses
Best Use
Healthcare Medical
$426.4K
$373.1K – $497.5K
NOI $29,848 @ 7.0% cap · market cap 10.47%
Second Best
Office B
$389.1K
$340.4K – $453.9K
NOI $27,235 @ 7.0% cap · market cap 9.56%
Theoretical Best
Office A
$505.8K
$442.6K – $590.1K
NOI $35,408 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35057, AL
13,954
Population
6,312
Households
2.2
Avg Household Size
41
Median Age
17%
College-Educated
87%
High-School Grad
127.9 sq mi
ZIP Area
109
Density / Sq Mi
$77,054
Median Household Income
$36,732
Median Earnings
$845
Median Rent
$191,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Adaptable building suitable for medical, retail, or daycare use.
Where is this medical office space located?
The property is located at 21 Beech Grove Rd Cullman, AL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Ideal for Medical Space (Animal Vet or General Practitioner); Growing Area due to Smith Lake and Cullman, Alabama; Grass lot suitable for a Daycare
