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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1931 Main Ave Cullman, AL 35055

    • Commercial real estate
    • 2,942 SF
    • 1.60 lot acres
    For Sale
    View listing
    $599,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1219427
    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

    • Commercial real estate

    Property Details for 1931 Main Ave

    Lot size
    1.60 lot acres
    Property size
    2,942 SF
    Property type
    Commercial real estate
    APN
    16273

    Description

    This exceptional investment opportunity presents a 2,942 square foot vacant office building situated on a generous 1.6-acre lot in Cullman, Alabama. Located at 1931 Main Ave SW, this property boasts over 200 feet of road frontage in a high-traffic area, providing excellent visibility and accessibility. The building is zoned B1 and is currently vacant, offering immediate occupancy for a wide range of commercial uses. Its strategic location places it in close proximity to numerous amenities, including restaurants, retail establishments, Heritage Park Sport Complex, and WildWater Water Park. Convenient access to Cullman Exits 308 and 304 further enhances its appeal. The property's significant size and prime location within city limits present a compelling opportunity for redevelopment or continued use as a commercial space. The asking price is $599,900, translating to $203.91 per square foot. APN is 16273. This property is situated in an Opportunity Zone. The building consists of one structure. Previously used as a residential rental property.

    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
    -86.85160409034
    Latitude
    34.150198365322

    Comparable in this City

    • $1,549,981
      12,835 SF

      Downtown Cullman Executive Office

      12,835 SF Office Building, High Visibility
      421 2Nd Ave, Cullman, AL 35055
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    • $2,799,000
      6,955 SF

      Cullman Office Building - $2.8M

      Modern Office Space, High Traffic Area, Vacant
      1830 Lee Ave, Cullman, AL 35055
      View Details
    • $775,000
      5,712 SF

      Prime Cullman Office Building

      Spacious Office Space, Downtown Cullman
      409 2Nd Ave, Cullman, AL 35055
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    • $1,633,500
      3,300 SF

      Cullman Commercial Land Opportunity

      10 Acres, High Visibility, I-Interstate Access
      181, Cullman, AL 35055
      View Details
    • $59,900
      0.40 Acres

      Residential Land in Cullman, AL

      Vacant 0.4 acre residential land for sale in Cullman.
      00 NE Longbrook Dr, Cullman, AL 35055
      View Details
    • $675,000
      4.21 Acres

      Cullman Commercial Property on Highway

      9,100 sq ft building on 4.21 acres with high visibility.
      9350 Us Highway 278, Cullman, AL 35055
      View Details

    Similar Nearby for Sale

    • $1,549,981
      12,835 SF

      Downtown Cullman Executive Office

      12,835 SF Office Building, High Visibility
      421 2Nd Ave, Cullman, AL 35055
      View Details
    • $2,799,000
      6,955 SF

      Cullman Office Building - $2.8M

      Modern Office Space, High Traffic Area, Vacant
      1830 Lee Ave, Cullman, AL 35055
      View Details
    • $775,000
      5,712 SF

      Prime Cullman Office Building

      Spacious Office Space, Downtown Cullman
      409 2Nd Ave, Cullman, AL 35055
      View Details
    • $1,633,500
      3,300 SF

      Cullman Commercial Land Opportunity

      10 Acres, High Visibility, I-Interstate Access
      181, Cullman, AL 35055
      View Details
    • $59,900
      0.40 Acres

      Residential Land in Cullman, AL

      Vacant 0.4 acre residential land for sale in Cullman.
      00 NE Longbrook Dr, Cullman, AL 35055
      View Details
    • $675,000
      4.21 Acres

      Cullman Commercial Property on Highway

      9,100 sq ft building on 4.21 acres with high visibility.
      9350 Us Highway 278, Cullman, AL 35055
      View Details

    Similar Nearby for Lease

    • $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
      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
    • 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
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    Cullman, AL 35055
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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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