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    RV Resort Land Parcel Title is generated by Realmo AI

    3061 Griswold Boulevard lot 6, Foley, AL 36535

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    For Sale
    $132,000

    LAND - Foley, AL

    Lot size:
    0.07 Acres
    Added:
    Jan 21, 2026
    Days on Market:
    134
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 3061 Griswold Boulevard lot 6

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    PUD
    Standard status
    Active
    APN
    61-02-09-0-001-002.024
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Description
    LOT 6 GRAND RIVIERA RV RESORT A RESUB OF LOT 5A GRAND RIVIERA PHASE 1 SLIDE-2891-D&E

    We can help!

    Listing Contact
    Shauntelle Henshaw

    Listing agent Shauntelle Henshaw License #151301-1

    Listing office RE/MAX on the Coast 8158 AL-59, Ste 102, Foley, AL

    Listing date Jan 21, 2026

    MLS# 390597 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.

    HighLights

    • Grand Riviera RV Resort in Foley, AL offers three heated pools open year‑round.
    • On‑site amenities include a pickleball court, spacious dog park, and a clubhouse for social gatherings.
    • Recreation features include a soccer field and a covered pavilion for events.
    • Optional on‑site rental management is available for owners.
    • Resort is directly across from OWA Amusement Park and Tropic Falls Water Park.
    • Tanger Outlets are down the road at the Highway 59 intersection.

    Overview

    This listing offers a small land parcel within the Grand Riviera RV Resort in Foley, Alabama, under PUD zoning. The property is described as supporting an RV resort lifestyle with three heated year-round pools, a pickleball court, a spacious dog park, and a clubhouse for social gatherings. Additional outdoor recreation is identified through a soccer field and a covered pavilion suitable for events.

    The resort is positioned directly across from OWA Amusement Park and Tropic Falls Water Park. It is also described as being minutes from several local destinations, and Tanger Outlets is noted as being down the road at the intersection of Highway 59.

    For buyers seeking an RV resort-related site, this parcel is presented as part of an existing amenity package designed for guest stays and community use. The remarks also note that optional on-site rental management is available, offering an added convenience for owners. Buyer to verify all information during due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Foley
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.66965
    Latitude
    30.368418

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    FAQs

    What type of property is this?
    Mobile home & RV park - Small land parcel in a PUD RV resort setting with multiple heated pools and outdoor recreation amenities.
    Where is this mobile home & rv park located?
    The property is located at 3061 Griswold Boulevard lot 6 Foley, AL.
    What is the asking price?
    The asking price for this property is $132,000.
    What are key features of this property?
    This property features: Grand Riviera RV Resort in Foley, AL offers three heated pools open year‑round.; On‑site amenities include a pickleball court, spacious dog park, and a clubhouse for social gatherings.; Recreation features include a soccer field and a covered pavilion for events.
    (251) 374-6222
    We can help!
    Listing Contact
    Shauntelle Henshaw
    Real Estate License ID: 151301-1
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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.

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