Flex Space with Drive-Thru for Eighteen
For Sale
$1,100,000
540 S Brindlee Mountain Parkway, Arab, AL 35016
COMMERCIAL - Arab, AL
Property Size20,445 SF
Lot Size2.34 Acres
Price / SF$53.80
Days on Market30
Property Features for 540 S Brindlee Mountain Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial, Industrial
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 5
Parking features
Driveway, Parking Lot, Gated
Subdivision
Street
Lot features
High Visibility
Directions
Highway 231 In Arab South Of The Overpass At Highway 69 On The Right. Corner Of Us Highway 231 And Union Hill Road
Standard status
Active
APN
1307264000028.000
Size
20,445 SF
Lot size
2.34 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1989
Floors in Building
1
Flooring type
Vinyl, Carpet, Concrete
Roof type
Shingle, Metal
Listing Agency:
Re/Max Unlimited · RE/MAX International
(256) 327-7600
Listed By:
Lachun Weaver · License #052962
(256) 513-1433
Added: Jul 14
Changed: Aug 7
Last Checked: Aug 12 at 2:06AM
MLS# 21907775
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This one-story flex space combines industrial, office, and warehouse use and is currently known as Gonetspeed Office/Warehouse. The main building includes six offices, a conference room, a full kitchen, and five bathrooms. It also features a three-bay mechanic shop with a lift, along with a separate indoor wash bay and additional office space.
The warehouse has drive-through access for eighteen wheelers and a loading dock. Parking is available with a driveway, gated access, and a parking lot. The property sits on a 2.34-acre site on US Highway 231 and Union Hill Road with high visibility.
Built in 1989, the property is served by public water and public sewer. Heating is provided via natural gas and electric systems, with central air cooling. The roof is metal and shingle, and interior finishes include vinyl, concrete, and carpet. Traffic counts at US 231 S and Union Hill Rd are reported at 18,300–18,500.
The warehouse has drive-through access for eighteen wheelers and a loading dock. Parking is available with a driveway, gated access, and a parking lot. The property sits on a 2.34-acre site on US Highway 231 and Union Hill Road with high visibility.
Built in 1989, the property is served by public water and public sewer. Heating is provided via natural gas and electric systems, with central air cooling. The roof is metal and shingle, and interior finishes include vinyl, concrete, and carpet. Traffic counts at US 231 S and Union Hill Rd are reported at 18,300–18,500.
Key Highlights
- 2.34‑acre site with high‑visibility frontage on US Highway 231 and Union Hill Road
- Warehouse drive‑through access for 18 wheelers plus loading dock
- Three‑bay mechanic shop with lift and separate indoor wash bay
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$88,212
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,764,240
$1.8M
Cap Rate 7%
$1,260,171
$1.3M
Cap Rate 9%
$980,133
$980.1K
Market Conditions
NOI Build-Up for 20,445 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$110.4K $5.40/SF
− Vacancy
−$6.6K −$0.32/SF
EGI
$103.8K $5.08/SF
− OpEx
−$15.6K −$0.76/SF
NOI
$88.2K $4.31/SF
Area
Marshall County, AL
Vacancy
6.00%
Lease Rate
$5.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,764,240
Cap Rate 7%
$1,260,171
Cap Rate 9%
$980,133
Alternative Uses
Best Use
Office B
$3.29M
$2.88M – $3.84M
NOI $230,466 @ 7.0% cap · market cap 20.95%
Second Best
Flex RnD
$1.68M
$1.47M – $1.96M
NOI $117,371 @ 7.0% cap · market cap 10.67%
Theoretical Best
Office A
$4.41M
$3.86M – $5.15M
NOI $308,893 @ 7.0% cap · market cap 28.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35016, AL
17,495
Population
7,372
Households
2.4
Avg Household Size
42
Median Age
22%
College-Educated
89%
High-School Grad
79.0 sq mi
ZIP Area
221
Density / Sq Mi
$60,910
Median Household Income
$36,939
Median Earnings
$758
Median Rent
$192,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse features loading dock and drive-through access for eighteen-wheelers, plus six offices and a conference room.
Where is this flex space located?
The property is located at 540 S Brindlee Mountain Parkway Arab, AL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2.34‑acre site with high‑visibility frontage on US Highway 231 and Union Hill Road; Warehouse drive‑through access for 18 wheelers plus loading dock; Three‑bay mechanic shop with lift and separate indoor wash bay
