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    2050 Old Hwy Cullman, AL 35057

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    2050 Old Hwy Cullman, AL 35057

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    • Land

    Property Details for 2050 Old Hwy

    Property type
    Land

    Description

    Two exceptional commercial land parcels are available for sale in Cullman, Alabama, offering unparalleled visibility and accessibility. Situated on Benchmark Way, these properties boast convenient frontage on Highway 278 and Interstate 65, providing exceptional exposure to high traffic volumes. Located near Exit 308 off I-65, these parcels benefit from their strategic position between the major cities of Huntsville and Birmingham, making them ideal for a variety of commercial developments. Lot 2 encompasses 99,752.40 square feet and is priced at $399,000, while Lot 3 offers 151,589 square feet for $454,000. Both lots are cleared and ready for immediate development. All utilities are readily available, including electricity, power, water, cable, irrigation, and telephone service. These properties present a unique opportunity for businesses seeking high visibility and convenient access to major transportation corridors. The land is available for purchase, and the seller is open to considering offers for dividing the parcels to suit individual needs. This is a rare chance to acquire prime commercial real estate in a thriving Alabama market. The address is 2050 Old Hwy 157, Cullman, AL 35057.

    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
    -86.8753
    Latitude
    34.2091

    Comparable in this City

    • Value Estimation by Request

      181 Waldrip Dr

      Land
      181 Waldrip Dr, Cullman, AL 35057
      View Details
    • Value Estimation by Request
      79.00 Acres

      County Road 110

      Land • 79.00 Acres
      0 County Road 110, Cullman, AL 35057
      View Details
    • Value Estimation by Request
      1.80 Acres

      Us-278

      Land • 1.80 Acres
      0 Us-278, Cullman, AL 35057
      View Details
    • Value Estimation by Request
      1.80 Acres

      1188 Co Rd

      Land • 1.80 Acres
      1188 Co Rd, Cullman, AL 35057
      View Details
    • Value Estimation by Request
      3.48 Acres

      278 & I-65 Hwy

      Land • 3.48 Acres
      278 & I-65 Hwy, Cullman, AL 35057
      View Details
    • Value Estimation by Request
      2,400 SF

      6884 County Rd 222

      COMMERCIAL (GENERAL) • 2,400 SF
      6884 County Rd 222, Cullman, AL 35057-2866
      View Details

    Similar Nearby for Sale

    • $79,000

      Cleared and Wooded Acreage Available

      Land with wooded and cleared areas, easement included.
      571 County Road 728, Cullman, AL 35057
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    • $389,900
      Pending

      Waterfront Land Near Smith Lake

      Waterfront land with sunset views, convenient location, protective covenants.
      1 County Road 287, Cullman, AL 35057
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    • $239,900
      1.80 Acres

      High-Visibility Cullman Commercial Land

      1.8-acre lot, B2 zoning, prime location.
      0 Us Highway 278, Cullman, AL 35057
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    • $94,900
      8.10 Acres

      Secluded Wooded Land in Cullman

      8.1 acres of wooded land with building potential.
      8.1Ac County Rd 1198, Cullman, AL 35057
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    • New
      $79,000
      Pending

      Cullman Land Near Smith Lake

      1.28 acre lot in beautiful community, near Smith Lake.
      130 County Road 261, 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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