Medical Office with Treatment
For Sale
$569,900
619 Brindlee Mountain Parkway N, Arab, AL 35016
A two-level property pairs a chiropractic practice layout with two furnished residential configurations upstairs.
Property Size4,350 SF
Price / SF$131.01
Days on Market248
Property Features for 619 Brindlee Mountain Parkway N
General Information
Standard status
Active
Size
4,350 SF
Property subtype
COMMERCIAL
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Building Details
Building Size
4,350 SF
Year Built
1986
Buildings
1
Listing Agency:
Re/Max Heritage
Listed By:
Brenda King · License #97861
(256) 550-2101
Source:
Intownpartners
Added: Feb 24
Changed: Oct 26
Last Checked: Oct 26 at 3:17PM
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 Heritage
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Investment Insights
Based on property information with market context.
Built in 1986, this 4,350-square-foot medical office property is currently occupied by a practicing chiropractor. The ground-level plan includes a waiting room, front desk area, six private treatment rooms, a laundry room, an X-ray room with a darkroom closet, and two half bathrooms.
The upper level contains two separate residential layouts. One side has two bedrooms, two bathrooms, a kitchen, living room, and laundry closet; the other includes one bedroom, one full bathroom, a kitchen, and a living room. The property also has parking, and the reported daily traffic count is 536.
The upper level contains two separate residential layouts. One side has two bedrooms, two bathrooms, a kitchen, living room, and laundry closet; the other includes one bedroom, one full bathroom, a kitchen, and a living room. The property also has parking, and the reported daily traffic count is 536.
Key Highlights
- Currently occupied by a practicing chiropractor
- 4,350 square feet; built in 1986
- Six private treatment rooms, waiting room, and front desk area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,457
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,009,140
$1.0M
Cap Rate 7%
$720,814
$720.8K
Cap Rate 9%
$560,633
$560.6K
Market Conditions
NOI Build-Up for 4,350 SF
Gross rent
$94.0K $21.60/SF
− Vacancy
−$9.9K −$2.27/SF
EGI
$84.1K $19.33/SF
− OpEx
−$33.6K −$7.73/SF
NOI
$50.5K $11.60/SF
Area
Marshall County, AL
Vacancy
10.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,009,140
Cap Rate 7%
$720,814
Cap Rate 9%
$560,633
Alternative Uses
Best Use
Healthcare Medical
$720.8K
$630.7K – $841.0K
NOI $50,457 @ 7.0% cap · market cap 8.85%
Second Best
Office B
$700.5K
$612.9K – $817.3K
NOI $49,035 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$938.9K
$821.5K – $1.10M
NOI $65,722 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
Balanced
Demand for This Use
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A two-level property pairs a chiropractic practice layout with two furnished residential configurations upstairs.
Where is this medical office space located?
The property is located at 619 Brindlee Mountain Parkway N Arab, AL.
What is the asking price?
The asking price for this property is $569,900.
What are key features of this property?
This property features: Currently occupied by a practicing chiropractor; 4,350 square feet; built in 1986; Six private treatment rooms, waiting room, and front desk area
