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    535 County Road 1196 Cullman, AL 35057
    Property profile & analytics

    535 County Road 1196, Cullman, AL 35057

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    • Mobile home & RV parks
    • 18.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 535 County Road 1196

    Lot size
    18.00 lot acres
    Property type
    Mobile home & RV parks
    Property subtype
    Campgrounds

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cullman
    County
    Cullman
    State
    Alabama
    Longitude
    -86.922
    Latitude
    34.2232

    Comparable in this City

    • Value Estimation by Request
      528 SF

      155 County Rd 805

      MOBILE HOME PARK, TRAILER PARK
      155 County Rd 805, Cullman, AL 35057-1413
      View Details
    • Value Estimation by Request
      1,820 SF

      County Rd 437

      APARTMENT HOUSE (5+ UNITS)
      County Rd 437, Cullman, AL 35057
      View Details
    • Value Estimation by Request
      2,352 SF

      103 County Rd 1154

      APARTMENT HOUSE (5+ UNITS)
      103 County Rd 1154, Cullman, AL 35057-0869
      View Details
    • Value Estimation by Request
      4,800 SF

      County Rd 1129

      APARTMENT HOUSE (5+ UNITS)
      County Rd 1129, Cullman, AL 35057
      View Details
    • Value Estimation by Request
      3,644 SF

      2306 County Rd 222

      APARTMENT HOUSE (5+ UNITS)
      2306 County Rd 222, Cullman, AL 35057-3452
      View Details
    • Value Estimation by Request
      60,000 SF

      415 Lincoln Ave

      Multifamily properties
      415 Lincoln Ave, Cullman, AL 35057
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Lakeview Estates Mobile Home Park

      Stabilized mobile home park in Cullman, Alabama, 100% occupied.
      4565 Us Highway 278 W, Cullman, AL 35057
      View Details
    • Contact for pricing

      14 Acres For Sale

      14 acres suitable for multifamily, church, flex, or light industrial.
      415 Lincoln Ave Southwest, Cullman, AL 35057
      View Details
    • Contact for pricing

      Income-Producing Triplex with Rental Upside

      Triplex with rental upside and strong income potential.
      6104 County Road 437, Cullman, AL 35057
      View Details
    • Contact for pricing
      3,000 SF

      New Shop Space on Highway

      3,000 sq ft shop with office and bathroom.
      289 County Road 116, Bremen, AL 35057
      View Details
    • Contact for pricing
      Pending

      Smith Lake Waterfront Land Parcel

      Waterfront land parcel on Smith Lake, Cullman, Alabama.
      1 County Road 287, Cullman, AL 35057
      View Details
    • Contact for pricing
      2,675 SF

      Cullman Home with Acreage and Pond

      Home on 19.81 acres with shop, barn, and pond.
      12830 Us Highway 278 W, Cullman, AL 35057
      View Details
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    Cullman, AL 35057
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    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
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