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    RV Resort Lot in PUD Title is generated by Realmo AI

    735 Vacation Circle lot 28, Foley, AL 36535

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    For Sale
    $139,900

    LAND - Foley, AL

    Lot size:
    0.07 Acres
    Added:
    Feb 6, 2026
    Days on Market:
    118
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 735 Vacation Circle lot 28

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    PUD
    Standard status
    Active
    APN
    61-02-09-0-001-002.046
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Description
    LOT 28 GRAND RIVIERA RV RESORT A RESUB OF LOT 5A GRAND RIVIERA PHASE 1 SLIDE-2891-D&E

    We can help!

    Listing Contact
    Alla Nikitina
    Alla Nikitina

    Listing agent Alla Nikitina License #0001115900

    Listing office Ryals Realty, Inc 956 Commerce Loop, AL

    Listing date Feb 6, 2026

    MLS# 391593 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

    • RV lot 28 located within Grand Riviera RV Resort in Foley, Alabama
    • Vacation rentals allowed, with an on‑site rental company offering optional use or rental flexibility
    • Resort amenities include clubhouse, covered pavilion, 3 bathhouses, 2 laundry facilities, 3 swimming pools, and playground
    • Additional resort features: pickleball courts, dog park, soccer field, daily boat parking, high‑speed WiFi, and landscaped common areas
    • HOA dues are $235/month covering management, landscaping, pool maintenance, pest/termite services, and common area utilities including cable/internet, waste, water, and sewer
    • Alabama Gulf Coast public beaches are less than 10 miles away

    Overview

    Lot 28 is located within the Grand Riviera RV Resort in Foley, Alabama. This RV resort lot offers the opportunity for personal use or vacation rental use, with Vacation Rentals Allowed. The resort includes a welcome/rental office, clubhouse, spacious covered pavilion, three bathhouses, two laundry facilities, three swimming pools, playground, soccer field, three pickleball courts, dog park, and landscaped common areas. Additional resort services include high-speed WiFi and daily boat parking. Each lot has an individual electricity meter, and buyers should verify all information during due diligence.

    Grand Riviera RV Resort is located on County Road 20 (Miflin Road). The Alabama Gulf Coast public beaches are less than 10 miles away. The property is also near area attractions including Tanger Outlets, OWA Amusement Park, and Tropical Falls Indoor Water Park, along with Gulf Coast Zoo, Gulf State Park, The Wharf Marina, and a variety of restaurants, shopping, and year-round events.

    For an owner-operator, this lot provides a dedicated parcel inside a managed RV resort environment, supported by an on-site rental company that charges a 20% management fee. HOA dues are $235 per month and cover association management, landscaping, pool maintenance, pest and termite services, common area insurance, custodial services for common areas, and utilities including cable/internet, waste collection, water, and sewer. The zoning is PUD, and the resort’s association is positioned to support day-to-day common-area upkeep and services.
    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
    -87.671852
    Latitude
    30.368001

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    FAQs

    What type of property is this?
    Mobile home & RV park - Seventh-tenth acre RV resort lot with individual electric meter and access to extensive on-site amenities.
    Where is this mobile home & rv park located?
    The property is located at 735 Vacation Circle lot 28 Foley, AL.
    What is the asking price?
    The asking price for this property is $139,900.
    What are key features of this property?
    This property features: RV lot 28 located within Grand Riviera RV Resort in Foley, Alabama; Vacation rentals allowed, with an on‑site rental company offering optional use or rental flexibility; Resort amenities include clubhouse, covered pavilion, 3 bathhouses, 2 laundry facilities, 3 swimming pools, and playground
    (251) 923-6475
    We can help!
    Listing Contact
    Alla Nikitina
    Alla Nikitina
    Real Estate License ID: 0001115900
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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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