Building Details

Building Size 1,064 SF

Year Built 1983

Listing Agency: KW Realty Group B***@gmail.com Show Phone

Listed By: Brenda Spears · License #000040284 Show Phone

Source: Kw

Added: May 6, 2025 Changed: Aug 23 Last Checked: Aug 28 at 5:37PM

Report an Issue

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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$5,611

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

6.24%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

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 Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

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 rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

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.

Property Analytics

Property Profile

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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?

Ask Rey about 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.