Mixed-Use Building with Medical
For Sale
$569,900
619 Brindlee Mountain Parkway N, Arab, AL 35016
Business Opportunity, Arab, AL
Property Size4,350 SF
Lot Size0.17 Acres
Price / SF$131.01
Days on Market207
Property Features for 619 Brindlee Mountain Parkway N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 5, Bathroom 3
Parking features
Parking Lot
Subdivision
Metes And Bounds
Lot features
High Visibility
Directions
In Arab On Highway 231, This Property Is Just South Of Mcdonalds, No Sign On The Property
Standard status
Active
APN
1306231000084.000
Size
4,350 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
2
Flooring type
Carpet, Vinyl, Tile
Roof type
Shingle
Listing Agency:
Re/Max Heritage · RE/MAX International
(256) 586-4410
Listed By:
Brenda King · License #97861
(256) 550-2101
Added: Feb 25
Changed: Sep 19
Last Checked: Sep 20 at 12:06AM
MLS# 21910637
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Investment Insights
Based on property information with market context.
This 4,350-square-foot mixed-use building, constructed in 1986, combines an operating chiropractic office with residential space. The lower level includes a reception and waiting area, six private treatment rooms, an X-ray room with darkroom closet, laundry room, and two half baths. Tile, vinyl, and carpet flooring are installed throughout, with central air and forced-air heating.
The upper level is arranged as two residential areas: one includes two bedrooms, two bathrooms, a kitchen, living room, and laundry closet; the other includes one bedroom, one full bathroom, a kitchen, and living room. The 0.17-acre property includes a parking lot and is served by public water and public sewer. Located at 619 Brindlee Mountain Parkway N in Arab, Alabama, the site has a reported traffic count of 536 daily.
The upper level is arranged as two residential areas: one includes two bedrooms, two bathrooms, a kitchen, living room, and laundry closet; the other includes one bedroom, one full bathroom, a kitchen, and living room. The 0.17-acre property includes a parking lot and is served by public water and public sewer. Located at 619 Brindlee Mountain Parkway N in Arab, Alabama, the site has a reported traffic count of 536 daily.
Key Highlights
- 4,350‑square‑foot mixed‑use building on 0.17 acres
- Lower‑level chiropractic office with 6 private treatment rooms
- X‑ray room with darkroom closet, reception area, laundry room, and 2 half baths
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
$50,457
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
8.85%
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%
$1,009,140
$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
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
$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 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%
$1,009,140
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
414
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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Medical office improvements occupy the lower level, with residential units above and on-site parking.
Where is this mixed-use property 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: 4,350‑square‑foot mixed‑use building on 0.17 acres; Lower‑level chiropractic office with 6 private treatment rooms; X‑ray room with darkroom closet, reception area, laundry room, and 2 half baths
