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 Market153
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, Concrete, Carpet, Wood
Roof type
Metal
Listing Agency:
Southern Elite Realty
(256) 202-1648
Listed By:
Bonnie Shipp · License #112997
(256) 640-6839
Added: Apr 14
Changed: Sep 12
Last Checked: Sep 13 at 9:06AM
MLS# 21847816
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 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 = 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
$40,989
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
9.11%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
