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    163 Brindlee Mountain Pkwy Arab, AL 35016
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    163 Brindlee Mountain Pkwy Arab, AL 35016

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    • Community centers
    • 78,113 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Goodwill Store & Donation Center / Discount Store

    Property Details for 163 Brindlee Mountain Pkwy

    Property size
    78,113 SF
    Property type
    Community centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail opportunity presents 78,113 square feet of established community center space in Arab, Alabama. Located at the high-growth intersection of Highways 69 and 231, this property offers unparalleled visibility and accessibility. The center boasts six suites, with available spaces ranging from 1,050 to 4,583 contiguous square feet, and a total of 10,183 square feet currently vacant. The property sits on a four-acre lot and is zoned C (Commercial). This well-established center is anchored by key tenants including Foodland, Goodwill, and Factory Connection, with Harbor Freight slated to open in 2024. Its location in the Huntsville submarket of Marshall County, Alabama (zip code 35016), provides access to a thriving consumer base. The address is 163 N Brindlee Mountain Parkway. This is an ideal location for businesses seeking high traffic volume and strong brand recognition in a rapidly developing area. The property offers a unique blend of established tenancy and significant expansion potential. Serious inquiries are encouraged to explore this exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Arab
    County
    Marshall
    State
    Alabama
    Longitude
    -86.5049
    Latitude
    34.3191

    Comparable in this City

    • Value Estimation by Request
      2,000 SF

      965 Brindlee Mountain Pkwy

      Lifestyle centers • 2,000 SF
      965 Brindlee Mountain Pkwy, Arab, AL 35016
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    • Value Estimation by Request
      1,120 SF

      1453 Gilliam Spgs NW Rd

      MINI-MALL • 1,120 SF
      1453 Gilliam Spgs NW Rd, Arab, AL 35016
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    • Value Estimation by Request
      3,600 SF

      2506 Us Hwy 231

      MINI-MALL • 3,600 SF
      2506 Us Hwy 231, Arab, AL 35016-2407
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    • Value Estimation by Request
      2,888 SF

      16360 Al Hwy, Unit 69

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,888 SF
      16360 Al Hwy, Arab, AL 35016
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    • Value Estimation by Request
      3,520 SF

      1410 Lowery NE Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,520 SF
      1410 Lowery NE Rd, Arab, AL 35016-3930
      View Details
    • Value Estimation by Request
      3,652 SF

      3375 Ruth Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,652 SF
      3375 Ruth Rd, Arab, AL 35016-4742
      View Details

    Similar Nearby for Sale

    • $765,000

      Prime Commercial Opportunity in Arab

      6,500± sq ft commercial property with multi-tenant income potential.
      222 Brindlee Mountain Pkwy N, Arab, AL 35016
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    • $749,000
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      Prime Commercial Opportunity in Arab

      6,500+/- sq ft commercial property in high-traffic Arab location.
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    • $975,000
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      Commercial Property on Highway 69

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      10428 Al Highway 69, Arab, AL 35016
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    • $1,400,000

      Industrial/Office/Warehouse on 2.34 Acres

      One-story industrial/office/warehouse with mechanic shop on 2.34 acres.
      540 S Brindlee Mountain Pkwy, Arab, AL 35016
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    • $423,000
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      Renovated Warehouse and Office Space

      6,000+ sq ft warehouse/office near Highway 231, Arab, AL.
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    • $450,000
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      Versatile Commercial Property in Arab

      9500 sq ft commercial space with retail and warehouse.
      218 S Brindlee Mountain Pkwy, Arab, AL 35016
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    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Building in Retail Corridor

      Freestanding building in Arab's main retail corridor, ideal for QSR.
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      576 N Brindlee Mountain Pkwy, Arab, AL 35016

      Strip malls
      576 N Brindlee Mountain Pkwy, Arab, AL 35016
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    • $8 SF/Yr

      Retail Strip Center on Parkway

      Multi-tenant retail center with established tenants and high traffic.
      576 North Brindlee Mountain Pkwy, Arab, AL 35016
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    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 2,520 square feet.
      1440 N Brindlee Mountain Pkwy, Arab, AL 35016
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    • Contact for pricing

      Retail Strip Center For Rent

      Multi-tenant retail center with high traffic and established tenants.
      576 North Brindlee Mountain Pkwy, Arab, AL 35016
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    • $750 /Mo
      750 SF

      Office Space For Lease

      750SF office space available for lease in Arab, Alabama.
      9582 Us Highway 231, Arab, AL 35016
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    Arab, AL 35016
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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