Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    53 Acre Country Retreat Title is generated by Realmo AI

    2488 LOUINA ROAD, Roanoke, AL 36274

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $489,000

    Charming country property with acreage, pond, and historic storefront.

    Type:Manufactured Home
    Property size:
    2,000 SF
    Price / SF:
    $244/SF
    Added:
    May 20, 2025
    Days on Market:
    371
    Last Refresh:
    May 19 at 9:14 pm

    Property Features for 2488 LOUINA ROAD

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Property subtype
    Manufactured Home

    Building Details

    Year Built
    1995

    We can help!

    Listing Contact
    +1 (256) 499-6641
    +1 (256) 499-6641

    Listing agent +1 (256) 499-6641 License #0344465

    Listing office Prime Properties Real Estate

    Listing date May 20, 2025

    Source Kw

    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 Prime Properties Real Estate

    HighLights

    • 53 Acres of Land with Pastures and Mature Trees
    • Spring‑Fed Pond
    • Hay Barn
    • Old Country Store on Property
    • Well‑Maintained Modular Home
    • Ideal for Hobby Farming, Outdoor Activities, Peace and Privacy

    Overview

    This 53-acre property features a well-maintained 2000 square foot modular home set on picturesque land. The property includes spacious pastures, mature trees, and a spring-fed pond. Additional structures include a hay barn and an old country store. This property is suited for hobby farmers, outdoor enthusiasts, or those seeking peace and privacy. It offers a blend of comfort, charm, and rural beauty. The listing presents an opportunity to own a piece of countryside character and functionality, ideal for a farmstead, a peaceful getaway, or a unique restoration project.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Randolph
    State
    Alabama
    Longitude
    -85.416338
    Latitude
    33.139799

    Nearby Similar for Sale

    • $575,000
      16,200 SF

      Industrial Property with Rental Income

      9.5 acres with rental income and multiple buildings.
      1167 LAFAYETTE HIGHWAY, ROANOKE, AL 36274
      View Details
    • $325,000

      Downtown Roanoke Retail Opportunity

      Large retail space in the heart of downtown Roanoke, AL.
      986 MAIN STREET, ROANOKE, AL 36274
      View Details
    • $349,900
      10,443 SF

      Downtown Roanoke Commercial Building

      Large commercial building in downtown Roanoke with business potential.
      986 Main Street, ROANOKE, AL 36274
      View Details
    • $488,000

      Roanoke, AL Land with Mobile Home

      64-acre property with a 2020 manufactured home.
      13215 AL HWY 77, Roanoke, AL 36274
      View Details
    • $125,000

      Roanoke Land with Shop

      Downtown Roanoke land with shop, zoned B1 or R2.
      Satterwhite Street, Roanoke, AL 36274
      View Details
    • $1,075,000

      Historic Farm with Creek Frontage

      127+/- acre family farm with High Pine Creek.
      0 COUNTY ROAD 59, ROANOKE, AL 36274
      View Details
    • $30,000

      Roanoke, AL Building Lot

      2.34 acre building lot with county water access.
      County Road 865, Roanoke, AL 36274
      View Details
    • $28,500

      Lakefront Land in Roanoke, Alabama

      Lakefront land available on private Lake George in Roanoke.
      Mary Drive lot: 7, Roanoke, AL 36274
      View Details
    • $21,000

      Lake George Building Lot

      Flat, off-water lot on private Lake George in Roanoke, AL.
      Mary Drive lot: 13, Roanoke, AL 36274
      View Details
    • $28,500

      Lakefront Lot on Lake George

      Lakefront lot on private Lake George with paved road access.
      Mary Drive lot: 6, Roanoke, AL 36274
      View Details
    • $69,000

      Recreational Land with Stocked Lakes

      5+/- acres with two stocked catfish lakes near Roanoke.
      5.21acres COUNTY ROAD 61, ROANOKE, AL 36274
      View Details
    • $5
      87,979 SF

      Bonner's Point Retail Center

      Community retail center with anchor spaces available in Roanoke, Alabama.
      3075-3159 US Highway 431 | Roanoke, AL 36274
      View Details

    FAQs

    What type of property is this?
    Farm - Charming country property with acreage, pond, and historic storefront.
    Where is this farm located?
    The property is located at 2488 LOUINA ROAD Roanoke, AL.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: 53 Acres of Land with Pastures and Mature Trees; Spring‑Fed Pond; Hay Barn
    (256) 499-6641
    We can help!
    Listing Contact
    +1 (256) 499-6641
    +1 (256) 499-6641
    Real Estate License ID: 0344465
    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
    2488 LOUINA ROAD, ROANOKE, AL 36274
    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!