Mixed-Use Property with
For Sale
$450,000
218 S Brindlee Mountain Parkway, Arab, AL 35016
Retail and office space connects to a substantial warehouse with loading and drive-in access.
Property Size9,500 SF
Price / SF$47.37
Days on Market1083
Property Features for 218 S Brindlee Mountain Parkway
General Information
Standard status
Active
Size
9,500 SF
Property subtype
COMMERCIAL
Site & Location
Corner Location
Yes
Mixed-Use Components
retail, office, warehouse, living
Warehouse & Industrial
Warehouse Space
8,100 SF
Drive-In Doors
1
Additional Details
Property Use
Warehouse
Amenities
loading bay
drive-in garage door
Building Details
Building Size
9,500 SF
Year Built
1970
Listing Agency:
Southern Elite Realty
Listed By:
Bonnie Shipp · License #112997
(256) 640-6839
Source:
Intownpartners
Added: Nov 11, 2023
Changed: Oct 27
Last Checked: Oct 27 at 3:56AM
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 Southern Elite Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,500-square-foot mixed-use property at 218 S Brindlee Mountain Parkway in Arab combines 1,400 square feet of retail and office space with 8,100 square feet of warehouse area. The warehouse includes a loading bay and a drive-in garage door, while partially finished living space adds another component to the building. Constructed in 1970, the property occupies a corner lot.
Key Highlights
- 9,500 square feet total, including 1,400 square feet of retail and office space and 8,100 square feet of warehouse
- Warehouse has a loading bay and drive‑in garage door
- Partially finished living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,989
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,780
$819.8K
Cap Rate 7%
$585,557
$585.6K
Cap Rate 9%
$455,433
$455.4K
Market Conditions
NOI Build-Up for 9,500 SF
Gross rent
$51.3K $5.40/SF
− Vacancy
−$3.1K −$0.32/SF
EGI
$48.2K $5.08/SF
− OpEx
−$7.2K −$0.76/SF
NOI
$41.0K $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 Rate 5%
$819,780
Cap Rate 7%
$585,557
Cap Rate 9%
$455,433
Alternative Uses
Best Use
Retail
$865.8K
$757.6K – $1.01M
NOI $60,604 @ 7.0% cap · market cap 13.47%
Second Best
Mixed Use
$760.3K
$665.3K – $887.1K
NOI $53,224 @ 7.0% cap · market cap 11.83%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,531 @ 7.0% cap · market cap 31.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
482
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and office space connects to a substantial warehouse with loading and drive-in access.
Where is this mixed-use property located?
The property is located at 218 S Brindlee Mountain Parkway Arab, AL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 9,500 square feet total, including 1,400 square feet of retail and office space and 8,100 square feet of warehouse; Warehouse has a loading bay and drive‑in garage door; Partially finished living space
