Two-Story Retail
For Sale
$6,250,000
124 Brindlee Mountain Parkway, Arab, AL 35016
Business Opportunity, Arab, AL
Property Size56,500 SF
Lot Size1.55 Acres
Price / SF$110.62
Days on Market61
Property Features for 124 Brindlee Mountain Parkway
General Information
Property type
Residential
Property subtype
Retail
Zoning description
Business, Commercial
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 1
Parking features
Parking Lot
Interior features
Elevator
Accessibility
Accessible Elevator Installed
Lot features
High Visibility
Directions
From Huntsville To Arab. Building On The Left Just Before Hwy 69 Across From Arab Foodland.
Standard status
Active
APN
1306234003032000
Size
56,500 SF
Lot size
1.55 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1979
Floors in Building
2
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Russ Russell Real Estate
(256) 536-7777
Listed By:
Russ Russell · License #25965
(256) 527-7777
Added: Jun 30
Changed: Aug 28
Last Checked: Aug 29 at 4:06PM
MLS# 21903283
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 two-story retail property contains 44,000 square feet of open-area space suited to a large-format retail operation or potential office conversion. A separate 12,500-square-foot warehouse is positioned at the rear, bringing the total property size to 56,500 square feet. Interior features include an elevator, concrete flooring, multiple bathrooms, and an accessible elevator installation.
The property occupies 1.55 acres at 124 Brindlee Mountain Parkway in Arab, Alabama. Public water and public sewer serve the site, while a metal roof and dedicated parking lot support the existing improvements. Built in 1979, the building combines expansive customer-facing space with substantial rear storage or warehouse capacity.
The property occupies 1.55 acres at 124 Brindlee Mountain Parkway in Arab, Alabama. Public water and public sewer serve the site, while a metal roof and dedicated parking lot support the existing improvements. Built in 1979, the building combines expansive customer-facing space with substantial rear storage or warehouse capacity.
Key Highlights
- 44,000 sf retail building with 2 floors of open‑area space
- Additional 12,500 sf warehouse at the rear
- Total property size of 56,500 square feet on 1.55 acres
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
$360,435
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
5.77%
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%
$7,208,700
$7.2M
Cap Rate 7%
$5,149,071
$5.1M
Cap Rate 9%
$4,004,833
$4.0M
Market Conditions
NOI Build-Up for 56,500 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
$562.7K $9.96/SF
− Vacancy
−$47.8K −$0.85/SF
EGI
$514.9K $9.11/SF
− OpEx
−$154.5K −$2.73/SF
NOI
$360.4K $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%
$7,208,700
Cap Rate 7%
$5,149,071
Cap Rate 9%
$4,004,833
Alternative Uses
Best Use
Retail
$5.15M
$4.51M – $6.01M
NOI $360,435 @ 7.0% cap · market cap 5.77%
Second Best
Warehouse
$3.48M
$3.05M – $4.06M
NOI $243,775 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$12.19M
$10.67M – $14.23M
NOI $853,629 @ 7.0% cap · market cap 13.66%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Large-format commercial building with flexible open areas, rear warehouse space, an elevator, and on-site parking.
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 sf retail building with 2 floors of open‑area space; Additional 12,500 sf warehouse at the rear; Total property size of 56,500 square feet on 1.55 acres
