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    118 st joseph avenue Brewton, AL 36426

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    118 st joseph avenue Brewton, AL 36426

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    • Retail properties & Spaces
    For Sale
    $275,000
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    15,000 SF Historical Buildings in Downtown Brewton For Sale For Sale
    $275,000
    15,000 SF

    15,000 SF Historical Buildings in Downtown Brewton For Sale

    15,000 SF Historical Buildings in Downtown Brewton For Sale

    118 st joseph avenue, Brewton, AL 36426
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 118 st joseph avenue

    Year built
    1900
    Property type
    Retail properties & Spaces
    Property subtype
    Investment properties

    Description

    Own your own piece of history in Downtown Brewton! Two buildings with over 15,000 square feet of endless possibilities! Open floorplan downstairs and room for multiple tenants upstairs! The adjoining building is included as well! The character in these buildings cannot be recreated! Let's go look!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brewton
    County
    State
    Alabama
    Longitude
    -87.0663
    Latitude
    31.11

    Comparable in this City

    • Value Estimation by Request
      3,793 SF

      505 Forrest Ave

      Individual retail properties • 3,793 SF
      505 Forrest Ave, Brewton, AL 36426
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    • Value Estimation by Request
      94,564 SF

      1804 Douglas Ave

      Lifestyle centers • 94,564 SF
      1804 Douglas Ave, Brewton, AL 36426
      View Details
    • Value Estimation by Request
      2,008 SF

      St Joseph Ave

      DEPARTMENT STORE • 2,008 SF
      St Joseph Ave, Brewton, AL 36426
      View Details
    • Value Estimation by Request
      3,084 SF

      101 Saint Joseph Ave

      DEPARTMENT STORE • 3,084 SF
      101 Saint Joseph Ave, Brewton, AL 36426-2021
      View Details
    • Value Estimation
      $625,000
      5,120 SF

      24210 Hwy 41

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,120 SF
      24210 Hwy 41, Brewton, AL 36426
      View Details
    • Value Estimation by Request
      30,027 SF

      2550 Douglas Ave

      Lifestyle centers • 30,027 SF
      2550 Douglas Ave, Brewton, AL 36426
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $1,200 /Mo
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      Brewton Retail Space Available

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    • $4 SF/Yr
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      Brewton Retail Space - 16,777 SF

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    • $12 SF/Yr
      3,450 SF

      Brewton Retail Space - 3,450 SF

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    • Contact for pricing
      18,200 SF

      Former Restaurant Space For Lease

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    • Contact for pricing

      Retail Space Available For Rent

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    • 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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    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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