Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Brewton Land Investment Opportunity Title is generated by Realmo AI

    817 Martin Luther King Drive, Brewton, AL 36427

    View on Map
    Claim this Listing
    For Sale
    $59,900

    Land available for investment, rental, or new construction.

    Type:Lots/Land
    Added:
    Mar 3, 2026
    Days on Market:
    91
    Last Refresh:
    Apr 7 at 8:06 pm

    Property Features for 817 Martin Luther King Drive

    General Information

    Standard status
    Active
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Patricia Sarfert
    Patricia Sarfert

    Listing agent Patricia Sarfert

    Listing office Coldwell Banker Residential Re

    Listing date Mar 3, 2026

    Source Exitrealty

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

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Residential Re

    HighLights

    • Investor opportunity with immediate equity potential
    • Option to purchase individually or bundled with adjacent lot
    • Below‑market pricing
    • Rental portfolio expansion potential
    • Fix‑and‑flip opportunity
    • New build potential on adjacent lot

    Overview

    This property in Brewton presents an investor opportunity, offered individually or collectively with the adjacent lot. The property is suitable for rental portfolio expansion, a fix-and-flip project, or new construction. Buyers can capitalize on below-market pricing. The adjacent lot offers new build potential. Buyer to verify all information during due diligence.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Big Box & Wholesale Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brewton
    County
    Escambia
    State
    Alabama
    Longitude
    -87.05644
    Latitude
    31.121681

    Nearby Similar for Sale

    • $120,000

      Brewton Land with Highway Frontage

      2.5+/- acre property suitable for residential or commercial development.
      2855 Douglas Ave., Brewton, AL 36426
      View Details
    • $424,000

      Brewton Acreage with Equestrian Features

      Versatile 12.2-acre property with equestrian facilities and living accommodations.
      178 Our Lane, Brewton, AL 36426
      View Details
    • $72,000

      Brewton Commercial Land For Sale

      4 acres of wooded commercial land zoned B3 in Brewton.
      0 Highway 31, Brewton, AL 36426
      View Details
    • $23,000

      Residential Lots Overlooking Golf Course

      Residential lots in golfing community with access to amenities.
      0 Juniper Creek Drive, Brewton, AL 36426
      View Details
    • $1,000,000
      3,371 SF

      Brewton Restaurant and Bar Opportunity

      Established restaurant and bar in Brewton, Alabama for sale.
      2579 Douglas Avenue, Brewton, AL 36426
      View Details
    • $39,500

      Waterfront Lot in Golf Community

      Residential lot in Brewton, Alabama, with golf course access.
      0 Windsor Court, Brewton, AL 36426
      View Details
    • $325,000
      2,708 SF

      Commercial Property with Flexible Layout

      B-2 zoned commercial property with immense potential and flexible layout.
      425 Douglas Avenue, Brewton, AL 36426
      View Details
    • $130,000,000
      15,108 SF

      Brewton Restaurant and Convention Center

      Thriving restaurant and event venue in Brewton, Alabama for sale.
      220 St Joseph Ave, Brewton, AL 36426
      View Details
    • $789,900

      High-Cash-Flow Self-Storage Facility

      Gated 148-unit self-storage with strong income and upside.
      5757 Highway 41, Brewton, AL 36426
      View Details
    • $14,000

      Residential Lots in Established Subdivision

      Vacant lot ready to build near schools and shopping.
      0 Tesone Boulevard, Brewton, AL 36426
      View Details
    • $169,000

      Unrestricted Land with Barns

      Eleven acres of fenced, unrestricted land with barns near town.
      180 Tanner Lane, Brewton, AL 36426
      View Details
    • $7,770

      Brewton Land: Build Your Dream

      Two parcels near Brewton, AL, ideal for building.
      1 & 2 Jackson Circle, Brewton, AL 36426
      View Details

    FAQs

    What type of property is this?
    Land - Land available for investment, rental, or new construction.
    Where is this land located?
    The property is located at 817 Martin Luther King Drive Brewton, AL.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: Investor opportunity with immediate equity potential; Option to purchase individually or bundled with adjacent lot; Below‑market pricing
    (850) 449-0908
    We can help!
    Listing Contact
    Patricia Sarfert
    Patricia Sarfert
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    817 Martin Luther King Drive, Brewton, AL 36427
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!