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Property profile & analytics
OFF-MARKET
Estimated value
$6,655,000
Retail space
145 Brindlee Mtn Pkwy Arab, AL 35016-1317
Entity Owned
2-yr Hold
Free & Clear
Property ID
US03-0920427
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
80,484 SF
Lot
6.8 ac (296,208 SF)
Zoning code
11
APN
13-06-23-3-000-086.002
UPID
US03-0920427
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Factory Connection Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.90M
Comparable Approach
Comparable
$4.59M
Blend (final)
Blend
$6.66M
Owner & transaction history
Harbor Freight Tools USA INC · 2 yrs held
Harbor Freight Tools USA INC
since 2024
4 recorded transactions
Zoning & alternative use
11 · Arab, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.8M
+110.5%
Apartment house (5+ units)
$7.3M
+95.7%
Warehouse, storage
$4.1M
+9.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Arab submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arab submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,555,000
6.5%
$7,900,000
7%
$7,335,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,820,000
Change: +110% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$7,270,000
Change: +96% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,085,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$6.66M
Range $5.99M – $7.32M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$83 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,949
Tax year 2023
Assessed value
$1,141,280
Assessed 2023
Previous assessed
$1,141,280
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$59,500
Assessed improvement
$1,081,780
Land market value
$297,500
Improvement market value
$5,408,900
Total market value
$5,706,400
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
1
Bathrooms
1
Total area
80,484 SF
Lot
6.8 ac (296,208 SF)
Zoning code
11
APN
13-06-23-3-000-086.002
UPID
US03-0920427
Jurisdiction
MARSHALL
Zoning & alternative use
11 · Arab, AL
Zoning 11 · permitted uses
11 · Arab, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arab. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$7.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.3M
WAREHOUSE, STORAGE
Est. value
$4.1M
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
1
Lot
6.8 ac
Current owner
From public records · entity-resolved
Harbor Freight Tools USA INC
Entity
Free & Clear · 2 yrs held
Mailing address
26677 AGOURA RD, CALABASAS, CA 91302-1959
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2024
—
Harbor Freight Tools USA INC
Arab Town Plaza LLC
Lease
—
Jun 3, 2014
$300,000
Arab Town Plaza LLC
Rref Rb Acquisitions-al Hh LLC
Warranty Deed
—
Jun 3, 2014
$1,501,000
Arab Town Plaza LLC
J Rref Rb Acquisitions-al Hh L
Quit Claim Deed
related
$1,500,000 · Merchants Bk/al
Mar 19, 2013
$2,279,781
Rref Rb Acquisitions-al Hh LLC
Town Plaza Shopping Center LLC
Deed In Lieu Of Foreclosure
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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