Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1St St Cullman, AL 35055
    Property profile & analytics

    1St St, Cullman, AL 35055

    View on Map
    • Land
    • 3.59 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 1St St

    Lot size
    3.59 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 3.59-acre commercial and industrial land parcel presents a rare opportunity in the heart of Cullman, Alabama. Located at 0 First St, Cullman, AL 35055, this property boasts a substantial existing warehouse building ripe for adaptive reuse. Its central location offers unparalleled access to Cullman's vibrant downtown area, providing excellent visibility and convenient access to local amenities and transportation routes. The expansive lot size provides ample space for a variety of development possibilities, catering to diverse business needs. The existing warehouse structure, while requiring potential renovation or conversion, offers a significant advantage, reducing initial construction costs and providing a solid foundation for future projects. This property is ideally suited for businesses seeking a prominent location with existing infrastructure, allowing for creative repurposing and expansion. The property's zoning and permitted uses should be verified independently. This is a unique chance to acquire a significant piece of Cullman's commercial landscape, offering substantial potential for growth and return on investment. The asking price for this prime property is $1,900,000. Serious inquiries are encouraged.

    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
    -86.8574
    Latitude
    34.1749

    Comparable in this City

    • Value Estimation by Request
      10.00 Acres

      157 Tbd Alabama Hwy

      Land
      157 Tbd Alabama Hwy, Cullman, AL 35055
      View Details
    • Value Estimation by Request
      19.90 Acres

      157 Cullman Al

      Land
      157 Cullman Al, Cullman, AL 35055
      View Details
    • Value Estimation by Request
      6.50 Acres

      Us-278

      Land
      0 Us-278, Cullman, AL 35055
      View Details
    • Value Estimation by Request
      0.92 Acres

      101 8Th St

      Land
      101 8Th St, Cullman, AL 35055
      View Details
    • Value Estimation by Request
      4.90 Acres

      Lee Ave

      Land
      0 Lee Ave, Cullman, AL 35055
      View Details
    • Value Estimation by Request
      5.00 Acres

      1807 Cherokee Ave

      Land
      1807 Cherokee Ave, Cullman, AL 35055
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Near I-65

      Land with high visibility off I-65, owner will divide.
      157 Cullman, Cullman, AL 35055
      View Details
    • Contact for pricing

      Undeveloped Land on Highway 157

      Highly visible land with development opportunity off Hwy 157.
      Tbd Hwy 157, Cullman, AL 35055
      View Details
    • Contact for pricing
      Pending

      7.4 Acres Ready to Build

      7.4 acre property with utilities and shop.
      1207 County Road 700, Cullman, AL 35055
      View Details
    • $163,000
      17.00 Acres

      Secluded Land in Welti Community

      17 acres with pond and creek access in Cullman, AL.
      County Road 707, Cullman, AL 35055
      View Details
    • Contact for pricing

      Cullman City Building Lot

      Building lot available in Cullman, Alabama.
      4 Carrollton Dr, Cullman, AL 35055
      View Details
    • Contact for pricing
      7,000 SF

      Versatile Commercial Property For Sale

      10,000 sq ft commercial property with high visibility.
      1825 4Th St, Cullman, AL 35055
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      129,286 SF

      Cullman Distribution Facility For Rent

      Distribution facility near Walmart, close to I-65 in Cullman, AL.
      715 Industrial Dr SW, Cullman, AL 35055
      View Details
    • $3,500 /Mo
      9,100 SF

      Versatile Commercial Building on Highway

      9,100 sq ft building on 4.21 acres available for rent.
      9350 Us Highway 278, Cullman, AL 35055
      View Details
    • Contact for pricing
      122,500 SF

      Cullman Manufacturing/Warehouse Space Available

      122,500 SF fully conditioned manufacturing/warehouse space for sublease.
      1212 26Th St, Cullman, AL 35055
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Good Hope, Alabama.
      1106 Cullman Spg Ctr, Good Hope, AL 35055
      View Details
    • Contact for pricing

      Luxury Retail Space on Hwy 31

      Premier shopping destination with modern luxury and high-end architectural aesthetics.
      1269 2Nd Ave NW, Cullman, AL 35055
      View Details
    • $2,200 /Mo
      12,700 SF

      Retail/Office Space in Cullman, AL

      Retail/office space in a 5-unit complex on Cherokee Avenue.
      1726 - B Cherokee Ave, Cullman, AL 35055
      View Details
    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.
    1St St
    Cullman, AL 35055
    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

    Thank You for Inquiry
    1St St, Cullman, AL, 35055
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!