Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1704 Leisure Ln Cullman, AL 35055-6140

    • Garden apartment buildings
    • 2,196 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1373414
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 1704 Leisure Ln

    Year built
    2000
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    2,196 SF
    Property type
    Garden apartment buildings
    APN
    17-03-05-4-001-011.010
    APU
    1703054001011010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cullman
    County
    Cullman
    State
    Alabama
    Longitude
    -86.8666
    Latitude
    34.1935
    CBSA code
    18980
    CBSA name
    CULLMAN, AL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $979
    $0.00
    $0.00
    $31,200
    -
    $33,100
    $278,800
    $311,900

    Comparable in this City

    • Value Estimation by Request
      1,770 SF

      1016 Brookridge SE Ln

      GARDEN APT, COURT APT (5+ UNITS) • 1,770 SF
      1016 Brookridge SE Ln, Cullman, AL 35055-4470
      View Details
    • Value Estimation by Request
      1,580 SF

      921 Brookridge SE Ln

      GARDEN APT, COURT APT (5+ UNITS) • 1,580 SF
      921 Brookridge SE Ln, Cullman, AL 35055-4471
      View Details
    • Value Estimation by Request
      1,580 SF

      923 Brookridge SE Ln

      GARDEN APT, COURT APT (5+ UNITS) • 1,580 SF
      923 Brookridge SE Ln, Cullman, AL 35055-4471
      View Details
    • Value Estimation by Request
      1,580 SF

      925 Brookridge SE Ln

      GARDEN APT, COURT APT (5+ UNITS) • 1,580 SF
      925 Brookridge SE Ln, Cullman, AL 35055-4471
      View Details
    • Value Estimation by Request
      1,956 SF

      1415 Burnham NE Dr

      GARDEN APT, COURT APT (5+ UNITS) • 1,956 SF
      1415 Burnham NE Dr, Cullman, AL 35055-2188
      View Details
    • Value Estimation by Request
      1,579 SF

      1034 Edwardian SW Way

      GARDEN APT, COURT APT (5+ UNITS) • 1,579 SF
      1034 Edwardian SW Way, Cullman, AL 35055-4840
      View Details

    Similar Nearby for Sale

    • $4,525,000
      16.80 Acres

      Prime Hwy 157 Development Land

      High-visibility Cullman, AL land near Walmart.
      157 Cullman, Cullman, AL 35055
      View Details
    • $219,900
      1,839 SF

      Updated Garden Home in Cullman

      Well-maintained 3-bedroom, 2-bathroom home with modern updates and accessibility features.
      1015 SW Edwardian Way, Cullman, AL 35055
      View Details
    • $1,377,000
      1.25 Acres

      Main Ave Cullman Commercial Land

      High-traffic Cullman commercial lot, 1.25 acres.
      305 Main Ave, Cullman, AL 35055
      View Details
    • $1,100,000
      7.20 Acres

      High-Visibility Cullman Commercial Land

      7.2 Acres, Prime Commercial Location
      157 Hwy, Cullman, AL 35055
      View Details
    • $2,990,000
      2,120 SF

      Cullman, AL Retail Investment Opportunity

      High-traffic location, vacant, 2,120 sq ft.
      0 Graham St, Cullman, AL 35055
      View Details
    • $4,000,000
      26.00 Acres

      Prime Cullman Commercial Land

      26 Acres, Hwy 69 Frontage, B-2 Zoning
      38 Co Rd, Cullman, AL 35055
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      304,935 SF

      Cullman Shopping Center Retail Space

      High-traffic retail space available in Cullman, AL.
      1106 Cullman Spg Ctr, Cullman, AL 35055
      View Details
    • $11 SF/Yr
      32,500 SF

      Retail Space in High-Traffic Area

      32,500 SF retail space in a busy Cullman center.
      1731 2Nd Ave Sw, Cullman, AL 35055
      View Details
    • $3,500 /Mo

      Versatile Commercial Building on Highway

      9,100 sq ft building on 4.21 acres for rent.
      9350 Us Highway 278, Cullman, AL 35055
      View Details
    • $725 /Mo

      Retail Space in Cullman, AL

      Retail space available for lease in Cullman, Alabama.
      171 Schwaiger Rd, Cullman, AL 35055
      View Details
    • Contact for pricing

      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
    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.
    1704 Leisure Ln
    Cullman, AL 35055-6140
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.