Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    118 st joseph avenue Brewton, AL 36426

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $275,000

    Prime Brewton investment opportunity. Two historic buildings, 15,000 SF.

    Property size:
    15,000 SF

    Property Features for 118 st joseph avenue

    General Information

    Property type
    Other retail properties
    Square Feet
    15,000 SF
    Price / Square Foot
    $18
    Elevators
    N/A
    Net Rentable
    15,000 SF

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    2

    Overview

    Historic Brewton Buildings: Redevelopment Opportunity

    Located in downtown Brewton, Alabama, this property features two interconnected historical buildings totaling 15,000 square feet. The buildings, situated at 118 St Joseph Avenue, 36426, offer an open floor plan on the ground level, suitable for retail or commercial space. The upstairs area provides ample room for multiple tenants or expansion. The property's architectural character offers charm and ambiance. The combined square footage provides substantial space for a range of business ventures or redevelopment projects. This property is an investment opportunity in a vibrant downtown area. The sale includes both adjoining buildings, providing a cohesive and expansive footprint. The property is suited for adaptive reuse or creative commercial development.

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    HighLights

    • Prime 15,000 sq ft downtown Brewton location, perfect for redevelopment.
    • Two historic buildings included in this exceptional investment opportunity.
    • Open floor plans offer versatile space for multiple tenants or single use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Map

    City
    Brewton
    State
    Alabama

    Nearby Similar for Sale

    • New
      $424,000
      12.20 Acres

      Brewton Acreage with Equestrian Features

      Versatile 12.2-acre property with home, barn, and arena.
      178 Our Ln, Brewton, AL 36426
      View Details
    • Contact for pricing
      15,108 SF

      220 St Joseph Ave

      Camp #1 BBQ Restaurant and Hourglass Convention Center
      220 St Joseph Ave, Brewton, AL 36426
      View Details
    • $399,000
      3,260 SF

      Brewton Restaurant - Turnkey Opportunity

      Established eatery, 3260 sq ft, prime location.
      1111 Douglas Ave, Brewton, AL 36426
      View Details
    • $475,000
      6,000 SF

      Brewton Commercial Building - 6,000 SF

      Versatile Brewton commercial space; ideal for multiple uses.
      106 W jackson street, Brewton, AL 36426
      View Details
    • $450,000
      7,754 SF

      Historic Brewton Restaurant and Retail

      Historic building with restaurant, retail, and office space.
      204 Belleville Ave, Brewton, AL 36426
      View Details
    • $180,000
      1,762 SF

      Brewton Class A Office Building

      Recently renovated Class A office building in the heart of Brewton.
      610 Douglas Ave, Brewton, AL 36426
      View Details
    • $899,000

      Brewton Storage Facility Investment Opportunity

      Well-maintained storage facility with diverse income streams on over 8 acres.
      30333 Highway 31, Brewton, AL 36426
      View Details
    • $165,000
      6,000 SF

      Brewton Commercial Building - 6,000 SF

      Versatile Brewton commercial space; ideal for various uses.
      101 alco drive, Brewton, AL 36426
      View Details
    • $220,000
      1,762 SF

      Prime Brewton Medical Office Building

      Class A, 1762 SF, Highway 31 location.
      610 Douglas Ave, Brewton, AL 36426
      View Details
    • $209,900
      1,290 SF

      Brewton Office Building - 1290 SF

      Mixed-use office, prime location, move-in ready.
      821 Douglas Ave, Brewton, AL 36426
      View Details
    • Contact for pricing
      3,013 SF

      Retail Property on South Blvd

      Retail space with high visibility on a primary thoroughfare.
      212 Highway 31 S, Brewton, AL 36426
      View Details
    • $200,000

      Brewton Duplex with Detached Garage

      Two-unit property built in 2009 with quality finishes.
      2718 Highway 29, Brewton, AL 36426
      View Details

    FAQs

    What type of property is this?
    Other retail property - Prime Brewton investment opportunity. Two historic buildings, 15,000 SF.
    Where is this other retail property located?
    The property is located at 118 st joseph avenue Brewton, AL.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Prime 15,000 sq ft downtown Brewton location, perfect for redevelopment.; Two historic buildings included in this exceptional investment opportunity.; Open floor plans offer versatile space for multiple tenants or single use.
    (850) 564-0120
    Request Owner's contact information
    118 st joseph avenue Brewton, AL 36426
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    118 st joseph avenue
    Brewton, AL 36426
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    118 st joseph avenue Brewton, AL 36426
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Paul Salter
    (850) 564-0120
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!