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    Motor Coach Resort Lot with Casita Title is generated by Realmo AI

    504 Portofino Loop lot 43, Foley, AL 36535

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    For Sale
    $289,500

    LAND - Foley, AL

    Property size:
    350 SF
    Price / SF:
    $827/SF
    Added:
    Jun 19, 2025
    Days on Market:
    351
    Last Refresh:
    Jun 4 at 1:06 am

    Property Features for 504 Portofino Loop lot 43

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    61-05-15-0-000-005.001-915

    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 Jun 19, 2025

    MLS# 381024 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

    • Lake waterfront features at the motor coach resort site
    • Custom Gold Fortified 350 sq. ft. casita with climate control (mini‑split) and full‑house water softener system
    • 14' x 20' covered patio is insulated and includes remote shade screens and recessed lighting
    • 14' x 20' covered kitchen area with propane grill/vent hood, Blackstone griddle, and 26 Qt. digital air fryer
    • 112 sq. ft. attached storage building with shelving, lighting, and electrical
    • Parking for 2 vehicles plus golf cart parking with a dedicated plug; includes Volt lighting system and Ring camera

    Overview

    This turn-key motor coach resort site includes a custom, Gold Fortified 350 sq. ft. casita plus an insulated 14' x 20' covered patio. The casita interior features a living area with a leather reclining sofa, two chairs, and a wall-mounted Samsung flat screen TV, along with a Bose sound system. Bedroom sleeping options include a full Murphy pull-out bed with a foam mattress. The kitchen is equipped with an LG InstaView refrigerator, an over-the-range convection microwave, an induction cooktop, a Bosch dishwasher, and a sink with a touchless faucet sprayer. The full bath includes a walk-in tiled shower, a bidet toilet, and a sink with a sprayer faucet. Climate control is provided by a mini-split system, and the site includes a full-house water softener system that can be utilized for a motorcoach.

    The property is located in Foley, AL at 504 Portofino Loop lot 43. The pad provides space for parking two vehicles, with additional golf cart parking and a dedicated plug. Outdoor amenities include a propane fire pit table and a conversation set, and there is a mounted Samsung TV with a Storm Shell protective cover.

    Practical for buyers looking for a prepared resort footprint, the site also includes an attached 112 sq. ft. storage building with shelving, lighting, and electrical, plus portable wooden steps for motorcoach access. Additional included features reported include a Volt lighting system, a Ring camera, portable dog fencing, and custom irrigated landscaping with rubber mulch and decorative concrete edging.
    Property Profile Location Intelligence

    Current Use by Public Records

    Resorts

    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
    -87.6619115
    Latitude
    30.3459567

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    FAQs

    What type of property is this?
    Resort - Turn-key motor coach resort site with a custom Gold Fortified casita and covered patio setup for comfortable stays.
    Where is this resort located?
    The property is located at 504 Portofino Loop lot 43 Foley, AL.
    What is the asking price?
    The asking price for this property is $289,500.
    What are key features of this property?
    This property features: Lake waterfront features at the motor coach resort site; Custom Gold Fortified 350 sq. ft. casita with climate control (mini‑split) and full‑house water softener system; 14' x 20' covered patio is insulated and includes remote shade screens and recessed lighting
    (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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