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    Motor Coach Resort Lot Title is generated by Realmo AI

    308 Portofino Loop lot 2, Foley, AL 36535

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    Claim this Listing
    For Sale
    $84,900

    LAND - Foley, AL

    Added:
    Oct 29, 2025
    Days on Market:
    219
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 308 Portofino Loop lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    61-05-15-0-000-005.000.902

    Utilities

    Utilities
    Cable Available
    Water front features
    Lake
    Water front
    1

    We can help!

    Listing Contact
    Denise Peoples

    Listing agent Denise Peoples License #102228

    Listing office Bella Terra Realty, LLC 101 Viabella Terra, Foley, AL

    Listing date Oct 29, 2025

    MLS# 387291 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

    • Terraced waterfront RV resort site with an existing RV pad and patio area
    • Lakefront setting (waterfront feature: lake)
    • Access to resort amenities including a 6,000 SF clubhouse, zero entry infinity edge pool, and hot tub
    • Resort offers a fitness center, wet/dry sauna, and a movie theater room
    • Stocked lake plus dog parks & dog wash, including a short walk to the Northeast dog park
    • Utilities: cable available; buyer notes low COA fees and property tax (details to be verified in due diligence)

    Overview

    This move-on ready motor coach resort site features an existing RV pad and patio area. The lot is terraced and includes a concrete table with benches, supporting outdoor seating and dining. Space is also identified for future upgrades, including additional concrete and landscaping, as well as an outdoor kitchen, pavilion, and a potential coach house, subject to buyer verification and due diligence.

    The property is located in Foley, Alabama at 308 Portofino Loop, Lot 2. It is described as providing easy access to resort amenities, and the site is noted as being only a short walk from the Northeast dog park.

    The resort amenities referenced in the listing include a 6,000-square-foot clubhouse, a zero-entry infinity edge pool, hot tub, fitness center, wet/dry sauna, and a movie theater room. Additional on-site features include a stocked lake, dog parks and a dog wash, and daily activities for guests. The listing also notes low COA fees and property tax, with the buyer directed to verify all information during due diligence. The asset’s layout and existing improvements make it a practical option for an owner looking to place a qualifying Class A or Super C motor coach on an established resort site.
    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
    -87.659445
    Latitude
    30.348021

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    FAQs

    What type of property is this?
    Mobile home & RV park - Move-on ready resort lot with an existing RV pad and patio for coach owners seeking on-site amenities.
    Where is this mobile home & rv park located?
    The property is located at 308 Portofino Loop lot 2 Foley, AL.
    What is the asking price?
    The asking price for this property is $84,900.
    What are key features of this property?
    This property features: Terraced waterfront RV resort site with an existing RV pad and patio area; Lakefront setting (waterfront feature: lake); Access to resort amenities including a 6,000 SF clubhouse, zero entry infinity edge pool, and hot tub
    (256) 496-0111
    We can help!
    Listing Contact
    Denise Peoples
    Real Estate License ID: 102228
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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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