Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Hwy 31 Cullman, AL 35055

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $299,000

    Commercial lot with high visibility and traffic count.

    Type:General Commercial
    Added:
    Sep 17, 2024
    Days on Market:
    579
    Last Refresh:
    Apr 1 at 8:28 pm

    Property Features for Hwy 31

    General Information

    Standard status
    Active
    Property subtype
    General Commercial

    We can help!

    Listing Contact
    Clay Culpepper

    Listing agent Clay Culpepper

    Listing office Culpepper Real Estate Inc

    Listing date Sep 17, 2024

    Source Xome

    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

    Overview

    Commercial Lot on Hwy 31

    This commercial lot is zoned B-3 in the City of Cullman. It features frontage on Hwy 31, offering high visibility and traffic count. The property presents a range of potential business uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Cullman
    County
    Cullman
    State
    Alabama
    Longitude
    -86.7474608
    Latitude
    34.0264531

    Nearby Similar for Sale

    • $575,000
      9,100 SF

      Cullman Commercial Property on 4.21 Acres

      9,100 sq ft building suitable for various business needs.
      9350 US Highway 278, Cullman, AL 35055
      View Details
    • $375,000
      4,258 SF

      Mixed-Use Property on Highway 69

      Mixed-use commercial property with highway frontage near Cullman, Alabama.
      61 Al Hwy 69 N, Cullman, AL 35055
      View Details
    • $1,600
      4,200 SF

      Retail Space on Highway 69

      Retail/commercial space with high visibility and ample parking.
      3870 Al Hwy 69 unit: 2, Cullman, AL 35057
      View Details
    • $600,000
      2,932 SF

      Turnkey Transmission Shop with Residence

      Fully equipped transmission shop with on-site residence for sale.
      439 County Road 1568, Cullman, AL 35058
      View Details
    • $309,999
      3,000 SF

      Renovated Duplex in Southeast Cullman

      Turnkey duplex with strong rental potential near schools and shopping.
      1335 16th SE St, Cullman, AL 35055
      View Details
    • $599,000

      Cullman Acreage: Development Opportunity

      Rare large acreage in Cullman, AL, ideal for development.
      1707 Warnke Rd NW, Cullman, AL 35055
      View Details
    • $200,000

      Cullman Warehouse with Included Treasures

      12,000 SF warehouse on 2 acres with included contents.
      1350 COUNTY ROAD 831, CULLMAN, AL 35057
      View Details
    • $675,000

      Seventeen Acre Farm in Cullman

      Farm with home, pastures, and outbuildings near Cullman, Alabama.
      690 county road 820, Cullman, AL 35057
      View Details
    • $575,000

      Prime Downtown Cullman Cleared Lot

      1.72 acre cleared lot in downtown Cullman, Alabama.
      3rd Street SE, Cullman, AL 35055
      View Details
    • $369,000

      Operational Meat Processing Plant

      Fully operational meat processing plant on 1.1 acres for sale.
      3415 W HIGHWAY 278, CULLMAN, AL 35057
      View Details
    • $119,900

      Waterfront Lot in New Subdivision

      Waterfront lot in Cullman, Alabama, near shopping and restaurants.
      County Road 1462 lot: 31, Cullman, AL 35055
      View Details
    • $2,000
      2,334 SF

      Cullman Office Building For Sale

      Single-story office building with versatile layout in Cullman, Alabama.
      21 Beech Grove Road, Cullman, AL 35057
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lot with high visibility and traffic count.
    Where is this commercial land located?
    The property is located at Hwy 31 Cullman, AL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Commercial lot zoned B‑3; Frontage on Hwy 31; High traffic count
    (256) 739-1389
    We can help!
    Listing Contact
    Clay Culpepper
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!