Flex Space with Mechanic
For Sale
$1,100,000
540 S Brindlee Mountain Parkway, Arab, AL 35016
One-story commercial facility combines office areas, warehouse functionality, and automotive service improvements on a sizable site.
Property Size20,445 SF
Lot Size2.34 Acres
Price / SF$53.80
Days on Market205
Property Features for 540 S Brindlee Mountain Parkway
General Information
Standard status
Active
Size
20,445 SF
Lot size
2.34 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
conference room
full kitchen
Building Details
Building Size
20,445 SF
Year Built
1989
Buildings
2
Stories
1
Listing Agency:
Re/Max Unlimited
(256) 489-9000
Listed By:
Lachun Weaver · License #052962
(256) 489-9000
Source:
Alabamaland
Added: Jan 19
Changed: Aug 10
Last Checked: Aug 12 at 12:30PM
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 Re/Max Unlimited
Investment Insights
Based on property information with market context.
This one-story flex property combines office, warehouse, and automotive service components on a 2.34-acre site. The office portion includes six offices, a conference room, five bathrooms, and a full kitchen. Additional improvements include a three-bay mechanic shop with a vehicle lift, an enclosed wash bay, and separate office space.
The warehouse offers drive-through access for 18-wheelers and includes a loading dock. The property fronts US Highway 231 at Union Hill Road in Arab, Alabama, with reported traffic counts of 18,300–18,500 at the intersection. Built in 1989, the facility is currently known as the GoNetSpeed office and warehouse.
The warehouse offers drive-through access for 18-wheelers and includes a loading dock. The property fronts US Highway 231 at Union Hill Road in Arab, Alabama, with reported traffic counts of 18,300–18,500 at the intersection. Built in 1989, the facility is currently known as the GoNetSpeed office and warehouse.
Key Highlights
- 2.34‑acre site with a one‑story flex facility
- Six offices, conference room, five bathrooms, and full kitchen
- Three‑bay mechanic shop with lift, indoor wash bay, and office 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
$88,212
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
8.02%
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%
$1,764,240
$1.8M
Cap Rate 7%
$1,260,171
$1.3M
Cap Rate 9%
$980,133
$980.1K
Market Conditions
NOI Build-Up for 20,445 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
$110.4K $5.40/SF
− Vacancy
−$6.6K −$0.32/SF
EGI
$103.8K $5.08/SF
− OpEx
−$15.6K −$0.76/SF
NOI
$88.2K $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%
$1,764,240
Cap Rate 7%
$1,260,171
Cap Rate 9%
$980,133
Alternative Uses
Best Use
Office B
$3.29M
$2.88M – $3.84M
NOI $230,466 @ 7.0% cap · market cap 20.95%
Second Best
Retail
$1.86M
$1.63M – $2.17M
NOI $130,426 @ 7.0% cap · market cap 11.86%
Theoretical Best
Office A
$4.41M
$3.86M – $5.15M
NOI $308,893 @ 7.0% cap · market cap 28.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
443
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - One-story commercial facility combines office areas, warehouse functionality, and automotive service improvements on a sizable site.
Where is this flex space located?
The property is located at 540 S Brindlee Mountain Parkway Arab, AL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2.34‑acre site with a one‑story flex facility; Six offices, conference room, five bathrooms, and full kitchen; Three‑bay mechanic shop with lift, indoor wash bay, and office space
