Two-Story Retail Building with
For Sale
$6,250,000
124 Brindlee Mountain Parkway, Arab, AL 35016
Open commercial layout offers substantial space for retail operations or office conversion.
Property Size44,000 SF
Price / SF$142.05
Days on Market51
Property Features for 124 Brindlee Mountain Parkway
General Information
Standard status
Active
Size
44,000 SF
Property subtype
Business Opportunity
Warehouse & Industrial
Warehouse Space
12,500 SF
Three-Phase Power
No
Building Details
Year Built
1979
Buildings
1
Stories
2
Abandoned
No
Listing Agency:
South Towne Realtors, LLC
(256) 630-1918
Listed By:
Laran Adkins · License #128358
(256) 630-1918
Source:
Laranadkins.idxbroker
Added: Jul 10
Changed: Aug 28
Last Checked: Aug 28 at 7:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of South Towne Realtors, LLC
Investment Insights
Based on property information with market context.
This two-story retail property provides 44,000 square feet of open interior space, creating a broad footprint for a large-format commercial operation or office conversion. The building was constructed in 1979 and includes two floors of adaptable area.
A separate 12,500-square-foot warehouse is positioned at the rear of the property, adding dedicated storage or operational space to the retail building. The property is located at 124 Brindlee Mountain Parkway in Arab, Alabama.
A separate 12,500-square-foot warehouse is positioned at the rear of the property, adding dedicated storage or operational space to the retail building. The property is located at 124 Brindlee Mountain Parkway in Arab, Alabama.
Key Highlights
- 44,000‑square‑foot retail building in Arab, AL
- Two floors of open‑area commercial space
- 12,500‑square‑foot warehouse at the rear
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
$280,693
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
4.49%
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%
$5,613,860
$5.6M
Cap Rate 7%
$4,009,900
$4.0M
Cap Rate 9%
$3,118,811
$3.1M
Market Conditions
NOI Build-Up for 44,000 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
$438.2K $9.96/SF
− Vacancy
−$37.3K −$0.85/SF
EGI
$401.0K $9.11/SF
− OpEx
−$120.3K −$2.73/SF
NOI
$280.7K $6.38/SF
Area
Marshall County, AL
Vacancy
8.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
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%
$5,613,860
Cap Rate 7%
$4,009,900
Cap Rate 9%
$3,118,811
Alternative Uses
Best Use
Retail
$4.01M
$3.51M – $4.68M
NOI $280,693 @ 7.0% cap · market cap 4.49%
Second Best
Warehouse
$2.71M
$2.37M – $3.16M
NOI $189,842 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$9.50M
$8.31M – $11.08M
NOI $664,773 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
453
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Open commercial layout offers substantial space for retail operations or office conversion.
Where is this retail space located?
The property is located at 124 Brindlee Mountain Parkway Arab, AL.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: 44,000‑square‑foot retail building in Arab, AL; Two floors of open‑area commercial space; 12,500‑square‑foot warehouse at the rear
