Retail Building with Rear
124 BRINDLEE MOUNTAIN PARKWAY, Arab, AL 35016
For Sale
$6,250,000
Commercial Sale, ARAB, AL
Property Size56,500 SF
Lot Size1.55 Acres
Price / SF$110.62
Days on Market371
Property Features for 124 BRINDLEE MOUNTAIN PARKWAY
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
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Standard status
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Size
Lot size
Additional Details
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Taxes and HOA fees
Tax Description
Legal Description
Utilities
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Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Russ Russell Real Estate
(256) 536-7777
Listed By:
Russ Russell · License AL #25965
(256) 527-7777
Added: Nov 6, 2025
Changed: Nov 3
Last Checked: Nov 11 at 1:06PM
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.
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Investment Insights
Based on property information with market context.
Located in Arab, this 56,500-square-foot retail property includes a 44,000-square-foot building with two floors of open space and a 12,500-square-foot warehouse at the rear. The open layout is also identified as convertible to office space. An elevator serves the building, which has concrete floors, metal siding, and a metal roof.
The 1.55-acre property was built in 1979 and includes a parking lot. Public water serves the site.
The 1.55-acre property was built in 1979 and includes a parking lot. Public water serves the site.
Key Highlights
- 44,000‑square‑foot retail building with two floors of open space
- 12,500‑square‑foot warehouse at the rear of the retail building
- 56,500 square feet of property on 1.55 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$360,435
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
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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
$192,900
Median Home Value
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Market
Average Price Trend$/SF for Retail space in Marshall County, AL
Properties on Market for Retail space in Marshall County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Retail space - Two open floors provide a flexible layout, with office conversion identified as an option.
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 with two floors of open space; 12,500‑square‑foot warehouse at the rear of the retail building; 56,500 square feet of property on 1.55 acres
