Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Luxury RV Resort Space Title is generated by Realmo AI

    820 Carrozza Lane, Foley, AL 36535

    View on Map
    Claim this Listing
    For Sale
    $269,000

    Remodeled RV space with casita overlooking a lake.

    Property size:
    283 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $950/SF
    Added:
    Nov 29, 2023
    Days on Market:
    918
    Last Refresh:
    May 20 at 12:37 am

    Property Features for 820 Carrozza Lane

    General Information

    Standard status
    Active
    Size
    283 SF
    Lot size
    0.05 Acres
    Property subtype
    other

    Building Details

    Year Built
    2019

    We can help!

    Listing Contact
    Michael McCaleb

    Listing agent Michael McCaleb

    Listing office World Impact Real Estate

    Listing date Nov 29, 2023

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of World Impact Real Estate

    HighLights

    • Lakefront RV space with Casita in Luxury Class A Motor Coach Resort
    • Casita includes 1 bedroom and full bath, equipped with GREE AC/Heating, and Rheem Gas Pack
    • Enjoy the outdoor kitchen featuring granite countertops, gas grill, stainless steel sink, mini fridge, and Green Egg grill
    • Access to Bella Terra Resort amenities: clubhouse, infinity edge pool, hot tub, fitness center, sauna, movie theater, and stocked lake
    • Landscaped site with stack stone natural gas fire pit and lake views
    • Recently remodeled (September 2024)

    Overview

    This remodeled RV space, completed in September 2024, is located in Bella Terra, a luxury Class A exclusive motor coach resort. The south-facing RV space with casita overlooks the largest of two lakes at Bella Terra. The site features a stack stone natural gas fire pit and landscaping. An outdoor kitchen includes granite countertops, a gas grill, a stainless steel sink, a mini fridge, and a green egg grill. The casita provides 283 square feet of living area, with one bedroom and a full bath, accommodating up to four people. Additional features include GREE AC/Heating, a Rheem Gas Pack, and gutter guards. Bella Terra Resort amenities include a 6,000 square foot clubhouse, a zero-entry infinity-edge pool, a hot tub, a fitness center, a wet/dry sauna, a movie theater room, and a stocked lake with a fishing pier. Motor coaches must be 15 years or newer and 32 feet or greater. Ownership is not contingent on having a motor coach.
    Property Profile Location Intelligence

    Current Use by Public Records

    Campgrounds

    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
    -87.7151
    Latitude
    30.3794

    Nearby Similar for Sale

    • $310,000
      3,236 SF

      Mobile Home Park Opportunity

      1.67 acre property with mobile homes and commercial laundry.
      14119 County Road 49, Foley, AL 36535
      View Details
    • $89,500

      Luxury RV Lot in Foley

      Well-maintained RV lot in Bella Terra RV Resort.
      577 Portofino Loop, Foley, AL 36535
      View Details
    • $1,545,000
      1,173 SF

      Foley RV Park Opportunity

      RV park with expansion potential near Gulf Shores.
      17511 County Road 26, Foley, AL 36535
      View Details
    • $349,000

      Lakefront Motor Coach Resort Lot

      North-facing lakefront lot at a motor coach resort, featuring a casita, climate-controlled all-weather room, and outdoor kitchen.
      749 Lago Way lot: 130, Foley, AL 36535
      View Details
    • $129,999

      Improved RV Lot in Foley, AL

      RV lot with resort-style amenities in a gated community.
      777 Vacation Circle, Foley, AL 36535
      View Details
    • $215,000

      Motor Coach Resort Pull-Through Lot

      Pull-through resort lot with a custom casita, screened gazebo, and extended patio for guest comfort and entertaining.
      317 Portofino Loop lot: 64, Foley, AL 36535
      View Details
    • $139,900

      RV Resort Lot in Planned Development

      Build-ready RV resort lot with its own electricity meter and vacation-rental allowance inside an amenity-rich community.
      3104 Truckster Lane lot: 142, Foley, AL 36535
      View Details
    • $850,000
      12,107 SF

      Foley Commercial Space For Sale

      Commercial space in Foley near Highway 59 and Foley Industrial Park.
      339 Berry E Avenue, Foley, AL 36535
      View Details
    • $159,000

      Lakefront RV Resort Lot

      Lakefront lot within a gated RV resort for Class A motor coaches, improved with site amenities and landscaping.
      224 MAGNIFICO Drive lot: 176, Foley, AL 36535
      View Details
    • $174,900

      RV Resort Motor Coach Lot

      Oversized RV resort site with an upgraded full-hookup pedestal and a 16-by-24 screened pavilion for year-round outdoor living.
      574 Portofino Loop lot: 57, Foley, AL 36535
      View Details
    • $209,000

      Motor Coach Resort Premium Lot

      Extra-large motor coach lot with outdoor pavilion, kitchen, patio, and fire pit within a staffed resort setting.
      536 Portofino Loop lot: 49, Foley, AL 36535
      View Details
    • $154,900

      Luxury RV Lot with Gazebo

      Spacious RV lot with screened gazebo in top-rated resort.
      420 Portofino Loop lot: 24, Foley, AL 36535
      View Details

    FAQs

    What type of property is this?
    Campground - Remodeled RV space with casita overlooking a lake.
    Where is this campground located?
    The property is located at 820 Carrozza Lane Foley, AL.
    What is the asking price?
    The asking price for this property is $269,000.
    What are key features of this property?
    This property features: Lakefront RV space with Casita in Luxury Class A Motor Coach Resort; Casita includes 1 bedroom and full bath, equipped with GREE AC/Heating, and Rheem Gas Pack; Enjoy the outdoor kitchen featuring granite countertops, gas grill, stainless steel sink, mini fridge, and Green Egg grill
    (256) 990-9666
    We can help!
    Listing Contact
    Michael McCaleb
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    820 Carrozza Lane, Foley, AL 36535
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!