Office Building with Retail
For Sale
$795,000
965 Brindlee Mountain Parkway, Arab, AL 35016
Business Opportunity, Arab, AL
Property Size6,350 SF
Lot Size1.88 Acres
Price / SF$125.20
Days on Market46
Property Features for 965 Brindlee Mountain Parkway
General Information
Property type
Residential
Property subtype
Retail
Zoning description
Commercial
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bathroom 5, Bathroom 1, Bathroom 4, Bathroom 3
Lot features
High Visibility
Directions
From Hsv, South On Hwy 231 To Arab Just South Of Northgate Drive On The Right.
Standard status
Active
APN
1306232000001000
Size
6,350 SF
Lot size
1.88 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1973
Floors in Building
1
Flooring type
Vinyl, Carpet
Roof type
Metal
Listing Agency:
Russ Russell Real Estate
(256) 536-7777
Listed By:
Russ Russell · License #25965
(256) 527-7777
Added: Jul 20
Changed: Sep 2
Last Checked: Sep 3 at 4:06PM
MLS# 21924243
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 6,350-square-foot office building occupies a 1.88-acre parcel at 965 Brindlee Mountain Parkway in Arab, Alabama. The property includes five restrooms, 14-foot eaves, vinyl and carpet flooring, central heating and central air, a metal roof, and public water and sewer. Built in 1973, the building offers a configuration that can accommodate office or retail operations.
Positioned along Hwy 231S, the property also has existing monthly rental arrangements with an ice vendor and a garden center vendor. The combination of office and retail functionality, substantial site area, and current vendor occupancy provides a range of commercial considerations for an owner-user or investor.
Positioned along Hwy 231S, the property also has existing monthly rental arrangements with an ice vendor and a garden center vendor. The combination of office and retail functionality, substantial site area, and current vendor occupancy provides a range of commercial considerations for an owner-user or investor.
Key Highlights
- 6,350 square feet on 1.88 acres
- Five restrooms and 14‑foot eaves
- Located on Hwy 231S at 965 Brindlee Mountain Parkway
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
$71,580
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
9.00%
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%
$1,431,600
$1.4M
Cap Rate 7%
$1,022,571
$1.0M
Cap Rate 9%
$795,333
$795.3K
Market Conditions
NOI Build-Up for 6,350 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
$114.3K $18.00/SF
− Vacancy
−$18.9K −$2.97/SF
EGI
$95.4K $15.03/SF
− OpEx
−$23.9K −$3.76/SF
NOI
$71.6K $11.27/SF
Area
Marshall County, AL
Vacancy
16.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,431,600
Cap Rate 7%
$1,022,571
Cap Rate 9%
$795,333
Alternative Uses
Best Use
Office B
$1.02M
$894.8K – $1.19M
NOI $71,580 @ 7.0% cap · market cap 9.00%
Second Best
Retail
$578.7K
$506.4K – $675.2K
NOI $40,509 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,939 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
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?
Office building - Flexible commercial building with central HVAC, public utilities, and existing vendor rentals.
Where is this office building located?
The property is located at 965 Brindlee Mountain Parkway Arab, AL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 6,350 square feet on 1.88 acres; Five restrooms and 14‑foot eaves; Located on Hwy 231S at 965 Brindlee Mountain Parkway
