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    RV Resort Lot in Planned Development Title is generated by Realmo AI

    3104 Truckster Lane lot 142, Foley, AL 36535

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    For Sale
    $139,900

    LAND - Foley, AL

    Lot size:
    0.05 Acres
    Added:
    May 18, 2026
    Days on Market:
    18
    Last Refresh:
    Jun 4 at 1:06 am

    Property Features for 3104 Truckster Lane lot 142

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    PUD
    Standard status
    Active
    APN
    05-61-02-09-0-001-002.160
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Description
    LOT 142 GRAND RIVIERA RV RESORT A RESUB OF LOT 5A GRAND RIVIERA PHASE 1 SLIDE-2891-D&E

    We can help!

    Listing Contact
    Alla Nikitina
    Alla Nikitina

    Listing agent Alla Nikitina License #0001115900

    Listing office Ryals Realty, Inc 956 Commerce Loop, AL

    Listing date May 18, 2026

    MLS# 396701 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

    • Lot 44 in Grand Riviera RV Resort with owner financing available
    • HOA dues are $235/month covering association management, landscaping, pool maintenance, pest/termite, common area insurance, and custodial services
    • HOA includes utilities: cable/internet, water, sewer, and trash; each lot has its own electricity meter
    • Resort amenities include clubhouse, heated main pool, 3 bathhouses, 2 laundry facilities, and 3 swimming pools
    • Additional on‑site amenities: covered pavilion, playground, soccer field, 3 pickleball courts, dog park, and daily boat parking
    • Vacation rentals are allowed, including an on‑site rental management option or self‑managed rentals (buyer to verify)

    Overview

    This offering is for Lot 44 within Grand Riviera RV Resort. The lot benefits from being positioned across from the clubhouse and the main heated pool, providing convenient access to the resort’s core gathering and amenity areas. Each lot has its own electricity meter. Grand Riviera RV Resort supports vacation rentals, and owners may rent their lots either through a designated on-site rental management option or by self-managing, subject to the resort and HOA rules. The property is listed under PUD zoning.

    Grand Riviera RV Resort is located on County Road 20 (Miflin Rd). The resort is near major entertainment and shopping, including Tanger Outlets, OWA Amusement Park, and Tropical Falls indoor water park. The Gulf Coast public beaches are less than 10 miles away. The resort also operates a broad amenity set, including a welcome/rental office, clubhouse, covered pavilion, three bathhouses, two laundry facilities, three swimming pools, playground, soccer field, three pickleball courts, dog park, and daily boat parking, along with high-speed WiFi and maintained common areas.

    For buyers seeking a lot within a managed RV environment, this site offers practical day-to-day coverage through HOA dues of $235 per month, which include association management, landscaping, pool maintenance, pest and termite services, common area insurance, custodial services, and utilities such as cable/internet, water, sewer, and trash. Owner financing is noted as available; buyers should confirm all details 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
    -87.669193
    Latitude
    30.367273

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    FAQs

    What type of property is this?
    Mobile home & RV park - Build-ready RV resort lot with its own electricity meter and vacation-rental allowance inside an amenity-rich community.
    Where is this mobile home & rv park located?
    The property is located at 3104 Truckster Lane lot 142 Foley, AL.
    What is the asking price?
    The asking price for this property is $139,900.
    What are key features of this property?
    This property features: Lot 44 in Grand Riviera RV Resort with owner financing available; HOA dues are $235/month covering association management, landscaping, pool maintenance, pest/termite, common area insurance, and custodial services; HOA includes utilities: cable/internet, water, sewer, and trash; each lot has its own electricity meter
    (251) 923-6475
    We can help!
    Listing Contact
    Alla Nikitina
    Alla Nikitina
    Real Estate License ID: 0001115900
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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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