Building Details

Year built 1960

Floors in Building 1

Flooring type Vinyl

Building materials Block

Roof type Metal

Listing Agency: KW Realty River Cities · Keller Williams Realty k***@kw.com Show Phone

Listed By: Brent Newsome · License #79178 Show Phone

Added: Feb 18 Changed: Sep 22 Last Checked: Oct 7 at 11:06PM

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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.

This 1.5-acre RV park includes 8 rental hookups, all currently occupied, plus a 5-bay area for boat and RV storage. The property also features a 1,500-square-foot office building that has been remodeled with a metal roof and HVAC system. Construction includes block walls, vinyl flooring, electric heating and cooling, public water, and septic service. The site is fenced and includes two new septic systems.

Located at the corner of Lee Road 379 and Lee Road 334 in Salem, the property is near Lake Harding, grocery stores, and restaurants. Zoning is C, and the office building dates to 1960.

Key Highlights

• 1.5‑acre RV park with 8 rental hookups
• All 8 RV hookups are currently occupied
• 5‑bay boat and RV storage area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,600

Cap Rate

3.38%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $18,600 @ 7.0% cap · market cap 3.38%

Second Best

Apartment 5plus

$171.4K

$149.9K – $199.9K (±1% cap)

NOI $11,995 @ 7.0% cap · market cap 2.18%

Theoretical Best

Office A

$365.8K

$320.1K – $426.8K (±1% cap)

NOI $25,609 @ 7.0% cap · market cap 4.66%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Mobile home & RV ...

Suggested Use

Top Pick Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this mobile home & rv parks located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Fenced commercial property combines RV accommodations, boat and RV storage, and a remodeled office building.

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: 1.5‑acre RV park with 8 rental hookups; All 8 RV hookups are currently occupied; 5‑bay boat and RV storage area