Cullman, AL Development
For Sale
$499,000
0 Graham St Sw, Cullman, AL 35055
Mixed-use development opportunity in Cullman, Alabama.
Property Size2,120 SF
Price / SF$235.38
Days on Market823
Property Features for 0 Graham St Sw
General Information
Standard status
Active
Size
2,120 SF
Listing Agency:
Culpepper Real Estate Inc
2567391
Listed By:
Clay Culpepper · License #101611
(256) 338-5378
Source:
Exprealty
Added: Jul 15, 2024
Changed: Oct 5
Last Checked: Oct 15 at 3:50AM
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 mixed-use property in Cullman, Alabama, presents a development opportunity. The property encompasses a total size of 2,120 square feet. It is suitable for commercial real estate ventures, including retail spaces.
Key Highlights
- Development opportunity
- MLS 383103
- Located in Cullman, AL
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,226
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,520
$304.5K
Cap Rate 7%
$217,514
$217.5K
Cap Rate 9%
$169,178
$169.2K
Market Conditions
NOI Build-Up for 2,120 SF
Gross rent
$24.2K $11.40/SF
− Vacancy
−$2.4K −$1.14/SF
EGI
$21.8K $10.26/SF
− OpEx
−$6.5K −$3.08/SF
NOI
$15.2K $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 Rate 5%
$304,520
Cap Rate 7%
$217,514
Cap Rate 9%
$169,178
Alternative Uses
Best Use
Retail
$217.5K
$190.3K – $253.8K
NOI $15,226 @ 7.0% cap · market cap 3.05%
Second Best
Mixed Use
$129.9K
$113.7K – $151.6K
NOI $9,095 @ 7.0% cap · market cap 1.82%
Theoretical Best
Office A
$312.5K
$273.5K – $364.6K
NOI $21,878 @ 7.0% cap · market cap 4.38%
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
551
Businesses Nearby
487k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 23%
Home Improvements & Furnishings 18%
Superstores 4%
Chick-fil-A
Dining
48,540 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
47,794 visits/mo
0.3 miles
Hobby Lobby
Shops & Services
38,586 visits/mo
0.1 miles
McDonald's
Dining
33,148 visits/mo
0.1 miles
Taco Bell
Dining
23,595 visits/mo
0.2 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use development opportunity in Cullman, Alabama.
Where is this mixed-use property located?
The property is located at 0 Graham St Sw Cullman, AL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Development opportunity; MLS 383103; Located in Cullman, AL
