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    3672 Us-29 Brewton, AL 36426
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    3672 Us-29, Brewton, AL 36426

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    • Mobile home & RV parks
    • 5,000 SF
    • 2.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 3672 Us-29

    Lot size
    2.00 lot acres
    Property type
    Mobile home & RV parks
    Property subtype
    Land

    Description

    This exceptional investment opportunity presents a +/- 2-acre mobile home park ideally located in Brewton, Alabama, near major businesses. Currently featuring five buildings on one story, the park boasts 12 pads, with five units currently occupied at a friendly rental rate. The property sits on a 2-acre lot with a 5,000 square foot net rentable area, and has the infrastructure to accommodate approximately 10 mobile homes. With potential for expansion to 14-18 additional units, this property offers significant upside. The existing infrastructure includes septic and power for up to 10 mobile homes

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brewton
    County
    Escambia
    State
    Alabama
    Longitude
    -87.0011
    Latitude
    31.0811

    Comparable in this City

    • Value Estimation by Request
      652 SF

      561 Canaan Church Rd

      CAMPGROUND, RV PARK
      561 Canaan Church Rd, Brewton, AL 36426-3041
      View Details
    • Value Estimation by Request
      13.00 Acres

      Brewton, AL 36426

      CAMPGROUND, RV PARK
      Brewton, AL 36426
      View Details
    • Value Estimation by Request
      15,108 SF

      220 St. Joseph St

      Land
      220 St. Joseph St, Brewton, AL 36426
      View Details
    • Value Estimation by Request
      2.00 Acres

      1201 Forrest Ave

      MOBILE HOME PARK, TRAILER PARK
      1201 Forrest Ave, East Brewton, AL 36426-2568
      View Details
    • Value Estimation by Request
      0.91 Acres

      Hart St

      MOBILE HOME PARK, TRAILER PARK
      Hart St, Brewton, AL 36426
      View Details
    • Value Estimation by Request
      1.00 Acre

      207 Helen St

      MOBILE HOME PARK, TRAILER PARK
      207 Helen St, East Brewton, AL 36426
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Five-Lot Mobile Home Park

      Mobile home park generating $51,000 in annual gross income.
      35 Rolling Hills Ln, Brewton, AL 36426
      View Details
    • $39,900
      2.00 Acres

      Land in Brewton City Limits

      Land for sale within Brewton city limits. Mobile homes prohibited.
      NW Waters Ln, Brewton, AL 36426
      View Details
    • Contact for pricing

      Land Near Brewton City Limits

      Approximately 3 acres of land located outside Brewton.
      Un Cemetery Rd, Brewton, AL 36426
      View Details
    • Contact for pricing
      0.72 Acres

      Wooded Land Parcel in Brewton

      Two parcels of land near Coastal Alabama Community College.
      1 Jackson Cir, Brewton, AL 36426
      View Details
    • Contact for pricing

      Land for Sale in Brewton

      Land available in Brewton, Alabama.
      1 Jackson Cir, Brewton, AL 36426
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,730 SF

      Former Restaurant Space For Lease

      Restaurant space with walk-in cooler available for lease.
      1600 Douglas Ave, Brewton, AL 36426
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 7,000 square feet.
      1029 Douglas Ave, Brewton, AL 36426
      View Details
    • Contact for pricing

      Brewton Retail Space Available

      Retail spaces available, ranging from 15,300 to 26,800 SqFt.
      1804 Douglas Ave, Brewton, AL 36426
      View Details
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    3672 Us-29
    Brewton, AL 36426
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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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