Mixed-Use Property with
For Sale
$450,000
218 S BRINDLEE MOUNTAIN PARKWAY, Arab, AL 35016
Commercial Sale, ARAB, AL
Property Size9,500 SF
Lot Size0.39 Acres
Price / SF$47.37
Days on Market1085
Property Features for 218 S BRINDLEE MOUNTAIN PARKWAY
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
13
Security features
Security System
Window features
Display Window(s)
Exterior features
Lighting
Lot features
Corner Lot, High Visibility
Directions
HWY 231 SOUTH, PROPERTY JUST PAST HWY 69 OVER PASS
Standard status
Active
APN
13-07-26-1-003-027.000
Size
9,500 SF
Lot size
0.39 Acres
Site & Location
Corner Location
Yes
Mixed-Use Components
retail, office, warehouse, residential
Taxes and HOA fees
Tax Year
2023
Tax Description
LOT 8 BLK 4 W T HINDS 3RD ADD 699-580 2439/87
Tax Annual Amount
2838
Legal Description
LOT 8 BLK 4 W T HINDS 3RD ADD 699-580 2439/87
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Flooring type
Wood, Concrete, Tile, Carpet
Building materials
Brick, Block, Metal Siding, Glass
Roof type
Metal
Listing Agency:
Southern Elite Realty
(256) 202-1648
Listed By:
Bonnie Shipp · License #112997
(256) 640-6839
Added: Nov 11, 2023
Changed: Oct 30
Last Checked: Oct 31 at 4:06AM
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.
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Investment Insights
Based on property information with market context.
This 9,500-square-foot mixed-use property combines 1,400 square feet of retail and office area with 8,100 square feet of warehouse space. The building includes a loading bay, a drive-in garage door, and partially finished living space. Construction materials include brick, block, metal siding, and glass; the building dates to 1970.
Set on a 0.39-acre corner lot, the property also has tile, carpet, concrete, and wood flooring, central air, and electric heat.
Set on a 0.39-acre corner lot, the property also has tile, carpet, concrete, and wood flooring, central air, and electric heat.
Key Highlights
- 9,500 square feet total, including 1,400 square feet of retail and office space and 8,100 square feet of warehouse space
- Warehouse area includes 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
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
377
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and office space fronts a substantial warehouse area with a loading bay and drive-in garage door.
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 space; Warehouse area includes a loading bay and drive‑in garage door; Partially finished living space
