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    616 Martin Luther King Jr Dr Prichard, AL

    For Sale
    $40,000

    Warehouse with apartment units and adjacent lot for sale.

    Property size:
    5,841 SF
    Lot size:
    0.29 Acres

    Property Features for 616 Martin Luther King Jr Dr

    General Information

    Size
    5,841 SF
    Lot size
    0.29 Acres

    Source: EXIT Realty Promise Agent Lamoura Nettles

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Warehouse with Potential Apartment Units

    This property features a warehouse building with two upstairs rooms that were previously rented as apartments. The sale includes the adjacent lot 618. The property presents an opportunity for investors to revitalize the existing warehouse and explore the potential of the apartment units.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Prichard
    County
    Mobile
    State
    Alabama
    Longitude
    -88.0949609
    Latitude
    30.7153357

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    FAQs

    What type of property is this?
    Retail space - Warehouse with apartment units and adjacent lot for sale.
    Where is this retail space located?
    The property is located at 616 Martin Luther King Jr Dr Prichard, AL.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: - Warehouse building suitable for business use; - Includes adjacent lot 618; - Potential for rental income from 2 upstairs rooms (formerly apartments)
    (251) 401-6341
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    616 Martin Luther King Jr Dr Prichard, AL
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    Prichard, AL
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    Realmo Value Estimation

    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.

    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.

    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
    616 Martin Luther King Jr Dr Prichard, AL
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