Strip Mall with Upper-Level
222 BRINDLEE MOUNTAIN PARKWAY N, Arab, AL 35016
For Sale
$750,000
Commercial Sale, ARAB, AL
Property Size6,500 SF
Lot Size0.64 Acres
Price / SF$115.38
Days on Market71
Property Features for 222 BRINDLEE MOUNTAIN PARKWAY N
General Information
Property type
Property subtype
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Water source
Building Details
Floors in Building
Flooring type
Listing Agency:
Premiere Realty Group LLC
(256) 586-7450
Listed By:
Celeste Wooten · License AL #110692
(256) 990-9643
Added: Sep 2
Changed: Nov 2
Last Checked: Nov 11 at 1:06PM
MLS# 21928166
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Investment Insights
Based on property information with market context.
This retail property in Arab, Alabama, is arranged as five units ranging from 1,200 to 2,000 square feet. Additional space occupies the second level, and the building has tile, vinyl, and carpet flooring. Public water serves the property.
The parcel encompasses 0.64 acres at 222 Brindlee Mountain Parkway N. The five-unit configuration and upper-level area are the principal physical features of the offering.
The parcel encompasses 0.64 acres at 222 Brindlee Mountain Parkway N. The five-unit configuration and upper-level area are the principal physical features of the offering.
Key Highlights
- Five retail units ranging from 1,200 to 2,000 square feet
- Additional space on the second level
- 0.64‑acre parcel at 222 Brindlee Mountain Parkway N
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,466
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,320
$829.3K
Cap Rate 7%
$592,371
$592.4K
Cap Rate 9%
$460,733
$460.7K
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$64.7K $9.96/SF
− Vacancy
−$5.5K −$0.85/SF
EGI
$59.2K $9.11/SF
− OpEx
−$17.8K −$2.73/SF
NOI
$41.5K $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%
$829,320
Cap Rate 7%
$592,371
Cap Rate 9%
$460,733
Alternative Uses
Best Use
Retail
$592.4K
$518.3K – $691.1K
NOI $41,466 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,205 @ 7.0% cap · market cap 13.09%
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
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
98k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 25%
Apparel 7%
Home Improvements & Furnishings 7%
McDonald's
Dining
23,804 visits/mo
0.4 miles
SONIC Drive In
Dining
12,734 visits/mo
0.3 miles
Dollar General
Shops & Services
9,342 visits/mo
0.4 miles
Burger King
Dining
8,772 visits/mo
0.2 miles
Harbor Freight Tools
Home Improvements & Furnishings
6,402 visits/mo
0.2 miles
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - The multi-unit retail layout includes additional space on a second level.
Where is this strip mall located?
The property is located at 222 BRINDLEE MOUNTAIN PARKWAY N Arab, AL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Five retail units ranging from 1,200 to 2,000 square feet; Additional space on the second level; 0.64‑acre parcel at 222 Brindlee Mountain Parkway N
