Industrial Flex Property with Mechanic
For Sale
$1,100,000
540 S Brindlee Mountain Parkway, Arab, AL 35016
Business Opportunity, Arab, AL
Property Size19,095 SF
Lot Size2.34 Acres
Price / SF$53.80
Days on Market76
Property Features for 540 S Brindlee Mountain Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial, Industrial
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bathroom 4, Bathroom 5, Bathroom 3, Bathroom 1
Parking features
Driveway, Parking Lot, Gated
Subdivision
Street
Lot features
High Visibility
Directions
Highway 231 In Arab South Of The Overpass At Highway 69 On The Right. Corner Of Us Highway 231 And Union Hill Road
Standard status
Active
APN
1307264000028.000
Size
20,445 SF
Lot size
2.34 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
6 offices
conference room
5 baths
full kitchen
three-bay mechanic shop with lift
indoor wash bay
office space
drive thru for 18 wheelers
loading dock
Building Details
Year built
1989
Floors in Building
1
Flooring type
Concrete, Vinyl, Carpet
Roof type
Shingle, Metal
Listing Agency:
Re/Max Unlimited · RE/MAX International
(256) 327-7600
Listed By:
Lachun Weaver · License #052962
(256) 513-1433
Added: Jul 14
Changed: Sep 27
Last Checked: Sep 27 at 11:06AM
MLS# 21907775
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 one-story flex property brings together office, warehouse, and automotive service improvements on a 2.34-acre site. The office component includes 6 private offices, a conference room, 5 bathrooms, and a full kitchen, with carpet, vinyl, and concrete flooring throughout the property. Central air, natural gas and electric heating, public water, and public sewer are in place.
The warehouse supports truck-oriented operations with an internal drive-through route for 18-wheelers and a loading dock. A separate three-bay mechanic shop includes a vehicle lift, enclosed wash bay, and additional office space. The property fronts US Highway 231 at Union Hill Road, where the reported traffic count ranges from 18,300 to 18,500. Site features include a gated parking lot and driveway access.
The warehouse supports truck-oriented operations with an internal drive-through route for 18-wheelers and a loading dock. A separate three-bay mechanic shop includes a vehicle lift, enclosed wash bay, and additional office space. The property fronts US Highway 231 at Union Hill Road, where the reported traffic count ranges from 18,300 to 18,500. Site features include a gated parking lot and driveway access.
Key Highlights
- 2.34‑acre site with one‑story flex, office, warehouse, and automotive improvements
- Office area includes 6 offices, conference room, 5 bathrooms, and full kitchen
- Three‑bay mechanic shop with lift, indoor wash bay, and separate 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
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
187
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
View Realmo Analytics
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 - One-story commercial facility combines office, warehouse, and automotive service functions.
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 one‑story flex, office, warehouse, and automotive improvements; Office area includes 6 offices, conference room, 5 bathrooms, and full kitchen; Three‑bay mechanic shop with lift, indoor wash bay, and separate office space
