Building Details

Building Size 1,064 SF

Year Built 1983

Listing Agency: KW Realty Group

Listed By: Brenda Spears · License #000040284 Show Phone

Source: Kw

Added: May 6, 2025 Changed: Oct 10 Last Checked: Oct 12 at 4:35PM

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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 KW Realty Group

Investment Insights

Based on property information with market context.

The property features two mobile homes, both with updated central heat and air units and some interior remodeling. The property includes three lots, with one lot having a septic tank already installed, allowing for the potential placement of a third mobile home. Both mobile homes are currently rented on a month-to-month basis. According to the owner, each mobile home has its own septic tank. The property is located within walking distance of Weaver Elementary School and the Weaver softball fields, offering convenient access to local amenities. The property presents income-producing potential.

Key Highlights

• Two mobile homes included on the property.
• New central heat and air units in both mobile homes.
• Income‑producing potential with existing tenants.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$5,611

Cap Rate

6.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$112,220 $112.2K

Cap Rate 7%

$80,157 $80.2K

Cap Rate 9%

$62,344 $62.3K

Market Conditions

NOI Build-Up for 1,064 SF

Gross rent

$10.9K $10.20/SF

− Vacancy

−$651 −$0.61/SF

EGI

$10.2K $9.59/SF

− OpEx

−$4.6K −$4.31/SF

NOI

$5.6K $5.27/SF

Area

Calhoun County, AL

Vacancy

6.00%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$112,220

Cap Rate 7%

$80,157

Cap Rate 9%

$62,344

Alternative Uses

Best Use

Apartment 5plus

$80.2K

$70.1K – $93.5K (±1% cap)

NOI $5,611 @ 7.0% cap · market cap 6.24%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$163.6K

$143.1K – $190.8K (±1% cap)

NOI $11,450 @ 7.0% cap · market cap 12.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mobile home & RV ...

Suggested Use

Top Pick Law Firm Auto Repair Shop Spa & Massage Center Parking Lot & Garage Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

59

Businesses Nearby

Explore this area Business Placement

Demographics for 36277, AL

5,379

Population

2,007

Households

2.7

Avg Household Size

39

Median Age

28%

College-Educated

89%

High-School Grad

7.7 sq mi

ZIP Area

699

Density / Sq Mi

$65,096

Median Household Income

$45,766

Median Earnings

$1,034

Median Rent

$139,800

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this mobile home & rv parks located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Two mobile homes with income potential near Weaver Elementary School.

Where is this mobile home & rv park located?

The property is located at 1026 ASTOR AVENUE Weaver, AL.

What is the asking price?

The asking price for this property is $89,900.

What are key features of this property?

This property features: Two mobile homes included on the property.; New central heat and air units in both mobile homes.; Income‑producing potential with existing tenants.