Retail Building with Detached
538 OLD CULLMAN ROAD, Arab, AL 35016
For Sale
$164,900
Commercial Sale, ARAB, AL
Property Size1,737 SF
Lot Size0.26 Acres
Price / SF$94.93
Days on Market22
Property Features for 538 OLD CULLMAN ROAD
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Basement
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Water source
Building Details
Floors in Building
Roof type
Additional Structures
Buildings
Listing Agency:
MeritHouse Realty
(256) 822-0010
Listed By:
Kenyala Hicks · License AL #113858
(256) 200-4056
Added: Oct 21
Changed: Nov 3
Last Checked: Nov 11 at 1:06PM
MLS# 21932223
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes a 1,253-square-foot main building and a detached 22-by-22-foot shop/garage. The shop has a concrete floor and 110V power. The main building has a metal roof and one bathroom; the property totals 1,737 square feet and includes public water.
Road frontage is on Hwy 69, with rear access to Hwy 231.
Road frontage is on Hwy 69, with rear access to Hwy 231.
Key Highlights
- 1,253‑square‑foot main building
- Detached 22‑by‑22‑foot shop/garage with concrete floor and 110V power
- 1,737 square feet of total property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,081
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,620
$221.6K
Cap Rate 7%
$158,300
$158.3K
Cap Rate 9%
$123,122
$123.1K
Market Conditions
NOI Build-Up for 1,737 SF
Gross rent
$17.3K $9.96/SF
− Vacancy
−$1.5K −$0.85/SF
EGI
$15.8K $9.11/SF
− OpEx
−$4.7K −$2.73/SF
NOI
$11.1K $6.38/SF
Area
Marshall County, AL
Vacancy
8.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,620
Cap Rate 7%
$158,300
Cap Rate 9%
$123,122
Alternative Uses
Best Use
Retail
$158.3K
$138.5K – $184.7K
NOI $11,081 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$374.9K
$328.0K – $437.4K
NOI $26,243 @ 7.0% cap · market cap 15.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Apparel 26%
Home Improvements & Furnishings 24%
Dining 10%
Dollar General
Shops & Services
9,342 visits/mo
0.1 miles
Harbor Freight Tools
Home Improvements & Furnishings
6,402 visits/mo
0.3 miles
Goodwill
Apparel
5,722 visits/mo
0.3 miles
SUBWAY
Dining
2,747 visits/mo
0.2 miles
Cadence Bank
Shops & Services
1,502 visits/mo
0.4 miles
Demographics for 35016, AL
17,495
Population
7,372
Households
2.4
Avg Household Size
42
Median Age
22%
College-Educated
89%
High-School Grad
79.0 sq mi
ZIP Area
221
Density / Sq Mi
$60,910
Median Household Income
$36,939
Median Earnings
$758
Median Rent
$192,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Marshall County, AL
Properties on Market for Retail space in Marshall County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A separate shop and garage provides additional space alongside the main building.
Where is this retail space located?
The property is located at 538 OLD CULLMAN ROAD Arab, AL.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: 1,253‑square‑foot main building; Detached 22‑by‑22‑foot shop/garage with concrete floor and 110V power; 1,737 square feet of total property size
