Operational RV Park with
For Sale
$549,900
5330 Lee Road 379, Salem, AL 36874
COMMERCIAL - Salem, AL
Property Size1,500 SF
Lot Size1.50 Acres
Price / SF$366.60
Days on Market186
Property Features for 5330 Lee Road 379
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Parking
20
Fencing
Fenced
Lot features
Corner Lot, Level
Directions
From HWY 280 turn right onto Lee Road 379, continue approximately 5.3 miles then the property is on the right.
Standard status
Active
APN
1205210000003002
Size
1,500 SF
Lot size
1.50 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1840
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Flooring type
Vinyl
Building materials
Block
Roof type
Metal
Listing Agency:
Keller Williams Realty River C
(334) 298-3900
Listed By:
Brent Newsome · License #79178
(334) 298-3900
Added: Feb 18
Changed: Aug 19
Last Checked: Aug 23 at 2:06AM
MLS# E103082
Copyright © 2026 East Alabama Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Set on 1.5 acres, this RV park includes eight rental hookups, all occupied, plus a five-bay storage area for boats and recreational vehicles. The property also includes a 1,500-square-foot office building that has been remodeled and is served by HVAC, electric heating and cooling, vinyl flooring, block construction, and a metal roof. The site is fenced and connected to public water and septic service, with two new septic systems noted in the property information.
The property is located at 5330 Lee Road 379 in Salem, Alabama, near the intersection of Lee Road 379 and Lee Road 334. Zoning is C. The office building dates to 1960 and includes a separate septic system among its listed improvements.
The property is located at 5330 Lee Road 379 in Salem, Alabama, near the intersection of Lee Road 379 and Lee Road 334. Zoning is C. The office building dates to 1960 and includes a separate septic system among its listed improvements.
Key Highlights
- Eight RV rental hookups, all currently occupied
- Five‑bay boat and RV storage area
- Remodeled 1,500‑square‑foot office building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,600
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$372,000
$372.0K
Cap Rate 7%
$265,714
$265.7K
Cap Rate 9%
$206,667
$206.7K
Market Conditions
NOI Build-Up for 1,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.1K $20.04/SF
− Vacancy
−$5.3K −$3.51/SF
EGI
$24.8K $16.53/SF
− OpEx
−$6.2K −$4.13/SF
NOI
$18.6K $12.40/SF
Area
Lee County, AL
Vacancy
17.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$372,000
Cap Rate 7%
$265,714
Cap Rate 9%
$206,667
Alternative Uses
Best Use
Office B
$265.7K
$232.5K – $310.0K
NOI $18,600 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$171.4K
$149.9K – $199.9K
NOI $11,995 @ 7.0% cap · market cap 2.18%
Theoretical Best
Office A
$365.8K
$320.1K – $426.8K
NOI $25,609 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 36874, AL
9,173
Population
4,502
Households
2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
111.9 sq mi
ZIP Area
82
Density / Sq Mi
$63,211
Median Household Income
$42,471
Median Earnings
$629
Median Rent
$189,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Eight occupied rental hookups accompany a remodeled office and enclosed boat and recreational-vehicle storage area.
Where is this mobile home & rv park located?
The property is located at 5330 Lee Road 379 Salem, AL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Eight RV rental hookups, all currently occupied; Five‑bay boat and RV storage area; Remodeled 1,500‑square‑foot office building
