Flex Space with
For Sale
$450,000
218 S Brindlee Mountain Parkway, Arab, AL 35016
Business Opportunity, Arab, AL
Property Size9,500 SF
Lot Size0.39 Acres
Price / SF$47.37
Days on Market199
Property Features for 218 S Brindlee Mountain Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Window features
Display Window(s)
Exterior features
Curb/Gutters, Lighting, Sidewalks
Subdivision
W T Hinds
Lot features
Corner Lot, High Visibility
Directions
Hwy 231 South, Property Just Past Hwy 69 Over Pass
Standard status
Active
APN
1307261003027.000
Size
9,500 SF
Lot size
0.39 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Flooring type
Tile, Carpet, Wood, Concrete
Roof type
Metal
Listing Agency:
Southern Elite Realty
(256) 202-1648
Listed By:
Bonnie Shipp · License #112997
(256) 640-6839
Added: Apr 14
Changed: Oct 21
Last Checked: Oct 29 at 3:06AM
MLS# 21847816
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Investment Insights
Based on property information with market context.
This 9,500-square-foot flex property on a 0.39-acre corner lot combines approximately 1,400 square feet of retail and office area with 8,100 square feet of warehouse space. The building also includes a loading bay, drive-in garage door, and partially finished living space. Interior finishes include concrete, wood, tile, and carpet, with central air and electric heat. The structure was built in 1970 and has a metal roof.
Located at 218 S Brindlee Mountain Parkway in Arab, the property includes sidewalks, curb and gutter improvements, exterior lighting, public water, and public sewer. Two bathrooms are also present, supporting the building’s mixed front-of-house and industrial configuration.
Located at 218 S Brindlee Mountain Parkway in Arab, the property includes sidewalks, curb and gutter improvements, exterior lighting, public water, and public sewer. Two bathrooms are also present, supporting the building’s mixed front-of-house and industrial configuration.
Key Highlights
- 9,500 SF flex building on 0.39 acres
- Approximately 1,400 SF of retail and office area
- Approximately 8,100 SF of warehouse 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
Office B
$1.53M
$1.34M – $1.78M
NOI $107,089 @ 7.0% cap · market cap 23.80%
Second Best
Retail
$865.8K
$757.6K – $1.01M
NOI $60,604 @ 7.0% cap · market cap 13.47%
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.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
Balanced
Demand for This Use
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Corner-lot commercial property combining customer-facing space, warehouse capacity, and loading access.
Where is this flex space 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 SF flex building on 0.39 acres; Approximately 1,400 SF of retail and office area; Approximately 8,100 SF of warehouse space
