Building Details

Building Size 6,350 SF

Year Built 1973

Buildings 1

Tenancy Multi

Listing Agency: Russ Russell Real Estate

Listed By: Russ Russell · License #25965 Show Phone

Source: Intownpartners

Added: Jul 20 Changed: Oct 27 Last Checked: Oct 27 at 3:14AM

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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 Russ Russell Real Estate

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Investment Insights

Based on property information with market context.

Located at 965 Brindlee Mountain Parkway in Arab, this 6,350-square-foot mixed-use building accommodates office and retail space. The 1973 property has five restrooms and 14-foot eaves, providing a range of interior configurations for commercial use.

The building is on Hwy 231S and has existing rental arrangements with an ice vendor and a garden center vendor.

Key Highlights

• 6,350‑square‑foot mixed‑use building with office and retail space
• Five restrooms and 14‑foot eaves
• Existing rentals to an ice vendor and a garden center vendor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,509

Cap Rate

5.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$810,180 $810.2K

Cap Rate 7%

$578,700 $578.7K

Cap Rate 9%

$450,100 $450.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,350 SF

Gross rent

$63.2K $9.96/SF

− Vacancy

−$5.4K −$0.85/SF

EGI

$57.9K $9.11/SF

− OpEx

−$17.4K −$2.73/SF

NOI

$40.5K $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%

$810,180

Cap Rate 7%

$578,700

Cap Rate 9%

$450,100

Alternative Uses

Best Use

Retail

$578.7K

$506.4K – $675.2K (±1% cap)

NOI $40,509 @ 7.0% cap · market cap 5.10%

Second Best

Mixed Use

$508.2K

$444.7K – $592.9K (±1% cap)

NOI $35,576 @ 7.0% cap · market cap 4.47%

Theoretical Best

Office A

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $95,939 @ 7.0% cap · market cap 12.07%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

New You Weight ... Weight Loss Service Twice The Ice Big Box & Wholesale Store ARAB NAIL SALON Nail Salon

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service Grocery & Convenience Store Kitchen & Bath Showroom Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

269

Businesses Nearby

200k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 40% Superstores 27% Shops & Services 26% Home Improvements & Furnishings 6%

Walmart Superstores

54,160 visits/mo 0.3 miles

Murphy USA Shops & Services

18,294 visits/mo 0.4 miles

Zaxby's Chicken Fingers & Buffalo Wings Dining

14,246 visits/mo 0.2 miles

Taco Bell Dining

13,337 visits/mo 0.1 miles

Wendy's Dining

12,077 visits/mo 0.4 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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The property combines office and retail space with current rentals to an ice vendor and a garden center vendor.

Where is this mixed-use property located?

The property is located at 965 Brindlee Mountain Parkway Arab, AL.

What is the asking price?

The asking price for this property is $795,000.

What are key features of this property?

This property features: 6,350‑square‑foot mixed‑use building with office and retail space; Five restrooms and 14‑foot eaves; Existing rentals to an ice vendor and a garden center vendor