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    Upgraded Perimeter RV Resort Lot Title is generated by Realmo AI

    733 Vacation Circle lot 27, Foley, AL 36535

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    For Sale
    $152,900

    LAND - Foley, AL

    Lot size:
    0.07 Acres
    Added:
    Jan 21, 2026
    Days on Market:
    134
    Last Refresh:
    Jun 4 at 2:06 pm

    Property Features for 733 Vacation Circle lot 27

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    PUD
    Standard status
    Active
    APN
    61-02-09-0-001-002.045
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Description
    Lot #27 in Grand Riviera RV Resort

    Utilities

    Water front features
    Pond

    We can help!

    Listing Contact
    Levi Ehmka

    Listing agent Levi Ehmka License #117247

    Listing office Ryals Realty, Inc 956 Commerce Loop, AL

    Listing date Jan 21, 2026

    MLS# 390608 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 27 in Grand Riviera RV Resort (Foley, AL) with waterfront feature: pond
    • Upgraded with a new 20 ft x 12 ft gazebo with metal roof and gutters on a 30 ft x 12 ft concrete pad
    • Gazebo is fully furnished with outdoor furniture plus a 65‑inch Sylvox outdoor TV
    • Resort amenities include 3 swimming pools, clubhouse, covered pavilion, 3 bathhouses, 2 laundry facilities, and high‑speed WiFi
    • HOA dues are $235/month, including landscaping and lawn maintenance, pool maintenance, pest/termite services, utilities (cable/internet, water, sewer, waste collection)
    • Each lot is separately metered for electricity; on‑site rental management company charges 20% for rentals

    Overview

    This for-sale RV resort lot offers a perimeter position within the Grand Riviera RV Resort and comes with significant upgrades for outdoor use. A newly added gazebo measuring 20 feet by 12 feet features a metal roof and gutters, set on an additional 30 feet by 12 feet concrete pad. The gazebo is fully furnished and includes a 65-inch Sylvox outdoor television, creating a ready-to-use entertaining space. The lot is separately metered for electricity.

    Grand Riviera RV Resort is located on County Road 20 (Miflin Road) in Foley, Alabama. Resort amenities include a welcome and rental office, clubhouse, covered pavilion, multiple bathhouses, laundry facilities, and swimming pools, along with a playground, soccer field, pickleball courts, a dog park, and on-site boat parking. The resort also offers high-speed WiFi and includes lawn maintenance. The property sits near major South Baldwin attractions including Tanger Outlets, OWA Amusement Park, and Tropic Falls Indoor Water Park, and the Gulf Coast public beach is less than 10 miles away.

    For buyers seeking a low-maintenance RV resort purchase, the lot includes an upgraded outdoor structure and access to resort-wide amenities managed through the HOA. HOA dues are $235 per month and cover association management, landscaping and pool maintenance, pest and termite services, common area insurance, custodial services, and utilities including cable/internet, water, sewer, and waste collection. The resort has a designated on-site rental management company that charges 20%. A 2024 Forest River Grand Surveyor 302RDBS RV is available for purchase separately, and buyer due diligence is required to verify all details.
    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
    -87.671749
    Latitude
    30.368027

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    FAQs

    What type of property is this?
    Mobile home & RV park - Perimeter RV resort lot with a fully furnished metal-roof gazebo on a concrete pad for outdoor living and entertaining.
    Where is this mobile home & rv park located?
    The property is located at 733 Vacation Circle lot 27 Foley, AL.
    What is the asking price?
    The asking price for this property is $152,900.
    What are key features of this property?
    This property features: Lot 27 in Grand Riviera RV Resort (Foley, AL) with waterfront feature: pond; Upgraded with a new 20 ft x 12 ft gazebo with metal roof and gutters on a 30 ft x 12 ft concrete pad; Gazebo is fully furnished with outdoor furniture plus a 65‑inch Sylvox outdoor TV
    (251) 586-1772
    We can help!
    Listing Contact
    Levi Ehmka
    Real Estate License ID: 117247
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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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