Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mobile Home Park Investment Opportunity Title is generated by Realmo AI

    464 County Road 237, Moulton, AL 35650

    View on Map
    Claim this Listing
    For Sale
    $325,000

    Four mobile homes on 0.50 acres with income potential.

    Type:Multi Family
    Lot size:
    0.50 Acres
    Added:
    Nov 18, 2025
    Days on Market:
    196
    Last Refresh:
    Apr 7 at 11:51 pm

    Property Features for 464 County Road 237

    General Information

    Standard status
    Active
    Lot size
    0.50 Acres
    Property subtype
    Multi Family

    Building Details

    Year Built
    1999

    We can help!

    Listing Contact
    Morgan Jones

    Listing agent Morgan Jones License #106410

    Listing office MarMac Real Estate

    Listing date Nov 18, 2025

    Source Exitrealty

    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 MarMac Real Estate

    HighLights

    • Strong income potential with three of four mobile homes currently occupied.
    • Investment opportunity on approximately 0.50 acres.
    • Mix of 2BR/1BA and 3BR/2BA floor plans provides tenant flexibility.
    • One vacant home available for immediate lease.
    • Recent improvements include new steps and landing porches on each unit.
    • Conveniently located near restaurants, schools, medical facilities, and local services.

    Overview

    This property presents an investment opportunity with income potential, featuring four mobile homes situated on approximately 0.50 acres. The units offer floor plans ranging from 2 bedrooms and 1 bathroom to 3 bedrooms and 2 bathrooms, accommodating various tenant needs. Currently, three of the homes are occupied, while one is vacant and ready for immediate lease. Recent improvements include new steps and landing porches on each unit. The property is located in a rural setting, yet remains convenient to restaurants, schools, medical facilities, and other local services. This property is suited for investors seeking steady rental income or buyers aiming to expand their portfolio.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Moulton
    County
    Lawrence
    State
    Alabama
    Longitude
    -87.343646
    Latitude
    34.539322

    Nearby Similar for Sale

    • $149,900
      1,930 SF

      Historic Commercial Property in Moulton

      Historic 1908 commercial property with office space and parking.
      614 East Street, Moulton, AL 35650
      View Details
    • $250,000

      Commercial Building in Moulton, Alabama

      Commercial building with great visibility and paved parking.
      14888 Court ST, Moulton, AL 35650
      View Details
    • $149,900

      Downtown Moulton Historic Office Building

      Historic office building in downtown Moulton with multiple offices.
      614 East Street, Moulton, AL 35650
      View Details
    • $499,000

      79 Acres Farm and Recreation

      Premier farm and recreation property ready for your vision.
      79 acres County Road 110, Moulton, AL 35650
      View Details
    • $699,900

      Established Restaurant with Dual Income

      Commercial property featuring a restaurant and separate leased location.
      15165 Court Street, Moulton, AL 35650
      View Details
    • $750,000
      8,680 SF

      Garden Style Apartment Complex

      Ten-unit apartment complex in Moulton, Alabama, near Decatur.
      1000 Main St, MOULTON, AL 35650
      View Details
    • $795,000
      1,925 SF

      Highway Frontage Car Wash Facility

      Car wash with automatic and self-serve bays on highway.
      11367 Hwy 157, Moulton, AL 35650
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - Four mobile homes on 0.50 acres with income potential.
    Where is this mobile home & rv park located?
    The property is located at 464 County Road 237 Moulton, AL.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Strong income potential with three of four mobile homes currently occupied.; Investment opportunity on approximately 0.50 acres.; Mix of 2BR/1BA and 3BR/2BA floor plans provides tenant flexibility.
    (256) 522-8465
    We can help!
    Listing Contact
    Morgan Jones
    Real Estate License ID: 106410
    Learn More
    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
    464 County Road 237, Moulton, AL 35650
    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!