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    271 Defuniak Cir Lillian, AL 36549

    View on Map
    Sponsored
    For Sale
    $142,500

    RV Lot Improved - Lillian, AL

    Lot size:
    0.08 Acres
    Days on Market:
    158
    Last Refresh:
    Mar 9 at 10:06 pm

    Property Features for 271 Defuniak Cir

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    52-08-33-4-005-049.000
    Lot size
    0.08 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kim Warner
    Kim Warner

    B W Properties (850) 346-2222

    Listing agent Kim Warner (850) 292-4107 License #126271

    Listing date Oct 3, 2025

    MLS# 386059 Listing URL

    Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Improved RV Lot Near Beach

    This improved RV lot features a bungalow near the beach in the Spanish Cove subdivision of Lillian, Alabama. The property includes a 2021 Palmetta Puma RV with a high-end trim package, stainless steel appliances, a washer/dryer, and a dishwasher. The RV also features an on-demand hot water heater, is solar panel ready, and has three slide-outs. It has new tires and a motorized awning. The lot is fully fenced and includes a large concrete pad, a wood deck, sidewalks, landscaping, and a shed set up for a full-size washer and dryer. Additional features include motion detection lights, an outdoor gas fireplace, an electronic lock, and a Ring camera. The lot has a 200 amp box at the road. Spanish Cove offers amenities such as two clubhouses, 24-hour security patrol, tennis, shuffleboard, a nature trail, horseshoe and volleyball courts, a fishing pier, a beach and picnic area, and a swimming pool that is covered and heated in the winter. It is located approximately one mile from the Lillian Boat Launch and is a 15-20 minute drive to the Gulf of Mexico, Pensacola, Foley, and Orange Beach. The lot size is 0.075 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Spa & Massage Center Gym & Fitness Center Auto Repair Shop Skin Care Clinic Accounting Firm Big Box & Wholesale Store Kitchen & Bath Showroom Hotel & Motel Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lillian
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.4655813
    Latitude
    30.3892616

    Nearby Similar for Sale

    • New
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      Lillian, AL Land Opportunity

      Turnkey coastal retreat in Spanish Cove, Lillian, Alabama.
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      View Details
    • $139,900
      0.08 Acres

      Improved RV Lot in Lillian

      Coastal getaway in a golf-cart-friendly community with numerous amenities.
      368 Buena Vista Dr, Lillian, AL 36549
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    • $74,900
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      Coastal RV Lot with Hookups

      RV lot in a beachside community with full amenities.
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    • $137,500
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      RV Lot in Spanish Cove

      Fully equipped RV lot with amenities in Spanish Cove community.
      631 Escambia Dr, Lillian, AL 36549
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    • $112,000
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      Improved RV Lot in Lillian, AL

      RV lot with park model in Spanish Cove community.
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      View Details
    • $124,900
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      Move-In Ready RV Lot

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    FAQs

    What type of property is this?
    Residential land & home lot - Turn-key RV lot with bungalow near Perdido Bay.
    Where is this residential land & home lot located?
    The property is located at 271 Defuniak Cir Lillian, AL.
    What is the asking price?
    The asking price for this property is $142,500.
    What are key features of this property?
    This property features: - Turn-key RV lot in amenity-rich Spanish Cove subdivision, including a fully decked-out 2021 Palmetta Puma RV with high-end trim package and stainless steel appliances.; - The RV features a washer/dryer, dishwasher, on-demand hot water heater, 3 slide-outs for ample space, new tires, and a motorized awning.; - **The lot is fully fenced and meticulously landscaped with a large concrete pad, wood deck, sidewalks, and a shed plumbed for a full-size washer and dryer.**
    (850) 292-4107
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    271 Defuniak Cir Lillian, AL 36549
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    Lillian, AL 36549
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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
    271 Defuniak Cir Lillian, AL 36549
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    We can help!
    Listing Contact
    Kim Warner
    Kim Warner
    Real Estate License ID: 126271
    (850) 292-4107
    Learn more
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