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Property profile & analytics
FOR SALE
Retail space
737 N Brindlee Mountain Pkwy Arab, AL 35016
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0456995
For Sale
1 / 5
$650,000
737 N Brindlee Mountain Pkwy, Arab, AL 35016
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1993
Total area
6,972 SF
Lot
0.9 ac (39,300 SF)
Zoning code
11
APN
13-06-23-2-000-018.009
UPID
US03-0456995
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
-
Advance Auto Parts Auto Parts Store
-
UPS Access Point location Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$496k
Blend (final)
Blend
$575k
Owner & transaction history
Ris Realty LLC · 2 yrs held
Ris Realty LLC
since 2023
Last sale
$587,500
2 recorded transactions
Zoning & alternative use
11 · Arab, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$675,000
+110.5%
Apartment house (5+ units)
$630,000
+95.7%
Warehouse, storage
$355,000
+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
$565,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
$740,000
6.5%
$685,000
7%
$635,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$675,000
Change: +110% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$630,000
Change: +96% · Conversion: Difficult
WAREHOUSE, STORAGE
$355,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $588k (Aug 8 2023)
Last sale anchor
$588k
Aug 8 2023
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
$82 / 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
$7,093
Tax year 2023
Assessed value
$157,940
Assessed 2023
Previous assessed
$157,940
+0.0% YoY
Effective rate
4.49%
On assessed value
Assessed land
$37,600
Assessed improvement
$120,340
Land market value
$188,000
Improvement market value
$601,700
Total market value
$789,700
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
For Sale
Year built
1993
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
7
Bathrooms
1
Total area
6,972 SF
Lot
0.9 ac (39,300 SF)
Zoning code
11
APN
13-06-23-2-000-018.009
UPID
US03-0456995
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
$675,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$630,000
WAREHOUSE, STORAGE
Est. value
$355,000
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
1993
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
7
Bathrooms
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Ris Realty LLC
Entity
Free & Clear · 2 yrs held
Mailing address
11911 US HWY 1ST STE #206, N PALM BEACH, FL 33408-2862
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2023
$587,500
Ris Realty LLC
David Luong
Warranty Deed
—
Nov 5, 2020
$500,000
David Luong
Bob G Hughes
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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