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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    621 Brindlee Mtn Pkwy Arab, AL 35016-1055

    • Office buildings
    • 4,349 SF
    • 0.18 lot acres
    OFF-MARKET
    Last Sale
    Feb 24, 2025
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0430796
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Rodney Melton Public Accountant & Associates / Tax Preparation Service / Accountant
    • Alabama Toys & Teacups / Dog Breeder
    • Rodney V Melton Income Tax Services / Tax Preparation Service
    • Rodney V Melton Income Tax Services: Hollaway Tonja M CPA / Accountant

    Property Details for 621 Brindlee Mtn Pkwy

    Year built
    1986
    Construction
    WOOD
    Lot size
    0.18 lot acres
    Property size
    4,349 SF
    Zone code
    11
    Property type
    Office buildings
    APN
    13-06-23-1-000-084.001
    APU
    1306231000084001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Arab
    County
    Marshall
    State
    Alabama
    Longitude
    -86.5036
    Latitude
    34.3254
    CBSA code
    10700
    CBSA name
    ALBERTVILLE, AL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,854
    $4,760
    $65,720
    $70,480
    -
    $23,800
    $328,600
    $352,400

    Comparable in this City

    • Value Estimation by Request
      4,620 SF

      313 2nd NW St

      OFFICE BUILDING • 4,620 SF
      313 2nd NW St, Arab, AL 35016-1346
      View Details
    • Value Estimation by Request
      2,944 SF

      725 Brindlee Mtn Pkwy

      OFFICE BUILDING • 2,944 SF
      725 Brindlee Mtn Pkwy, Arab, AL 35016-1056
      View Details
    • Value Estimation
      $1,845,000
      13,280 SF

      Guntersville Rd

      OFFICE BUILDING • 13,280 SF
      Guntersville Rd, Arab, AL 35016
      View Details
    • Value Estimation by Request
      2,870 SF

      205 Guntersville Rd

      OFFICE BUILDING • 2,870 SF
      205 Guntersville Rd, Arab, AL 35016-1117
      View Details
    • Value Estimation
      $2,785,000
      15,580 SF

      800 Main St

      OFFICE BUILDING • 15,580 SF
      800 Main St, Arab, AL 35016-1021
      View Details
    • Value Estimation by Request
      3,897 SF

      124 Main St

      OFFICE BUILDING • 3,897 SF
      124 Main St, Arab, AL 35016-1351
      View Details

    Similar Nearby for Sale

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      20,445 SF

      Industrial/Office/Warehouse on 2.34 Acres

      19,095 SF industrial/office/warehouse with mechanic shop on 2.34 acres.
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    • $1,250,000
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      Professional Office Spaces For Sale

      Commercial property featuring multiple professional office spaces in Arab, Alabama.
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    • $423,000
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      6,000+ sq ft warehouse/office near Highway 231, Arab, AL.
      1291 Eddy Scant City Rd, Arab, AL 35016
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    • $450,000
      9,500 SF

      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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    • $450,000

      Corner Lot Commercial Property

      9500 sq ft commercial space with retail and warehouse areas.
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    • $399,000
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      Commercial Building on High-Traffic Highway

      Commercial building with high visibility and ample parking.
      1521 Old Huntsville Hwy, Arab, AL 35016
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    Similar Nearby for Lease

    • $750 /Mo
      750 SF

      Office Space For Lease

      750SF office space available for lease in Arab, Alabama.
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      View Details
    • $9 SF/Yr
      12,000 SF

      Brindlee Mountain Retail Space

      High-traffic Arab, AL retail space.
      576 Brindlee Mountain Pkwy, Arab, AL 35016
      View Details
    • $8 SF/Yr
      12,000 SF

      Retail Strip Center on Parkway

      Multi-tenant retail center with established tenants and high traffic.
      576 North Brindlee Mountain Pkwy, Arab, AL 35016
      View Details
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    Arab, AL 35016-1055
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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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