Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    460 Pine Valley Dr Roanoke, AL 36274

    For Sale
    $3,100,000

    79-Pad Mobile Home Park, High NOI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 79-pad mobile home park presents a compelling investment opportunity in Roanoke, Alabama. Situated on 21.5 acres at 460 Pine Valley Dr, Roanoke, AL 36274, this established community boasts a diverse tenant base, generating a strong net operating income (NOI) of $187,677. The park's current configuration includes 7 rent-paying lots, 42 tenant-owned homes under rent-to-own agreements, 3 vacant park-owned homes, and 27 vacant pads, offering significant upside potential through infill development and rent increases. Built in 1976, the park benefits from a cost-effective operational structure, with electricity billed directly to tenants and municipal water and sewer services. Roanoke's affordable housing market, coupled with its proximity to larger cities like Birmingham and Atlanta, ensures consistent demand for affordable housing options. The local economy, driven by manufacturing and agriculture, provides a stable foundation for continued growth. This property offers a blend of immediate cash flow and long-term growth prospects, making it an attractive investment in a thriving market. The property's location in Randolph County, Alabama, provides easy access to regional economic hubs and recreational amenities like Lake Wedowee. The combination of strong existing cash flow, significant development potential, and favorable market conditions makes this mobile home park a truly exceptional investment opportunity.

    Property Features for 460 Pine Valley Dr

    General Information

    Property type
    Multifamily properties
    Lot Size
    936,540 SF

    Building Details

    Year Built
    1976

    HighLights

    • 79‑pad mobile home park generating $187,677 NOI.
    • Significant upside potential via infill development of 27 vacant pads and rent increases on 42 rent‑to‑own homes.
    • Attractive location in Roanoke, AL, near Birmingham and Atlanta, offering strong tenant demand in an affordable housing market.
    • Low operating costs due to tenant‑paid electricity and municipal water/sewer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Realty agency Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Randolph
    State
    Alabama
    Longitude
    -85.3469087
    Latitude
    33.1449378

    Nearby Comparable

    • $175,000
      0.46 Acres

      Roanoke Retail Land Investment

      Two outparcels near major retailers. High-traffic location.
      3073 Hwy, Roanoke, AL 36274
      View Details
    • Contact for pricing

      Roanoke Retail Space - Highway 431

      High-traffic retail/office space available. Great location, utilities included.
      3164 Highway 431, Roanoke, AL 36274
      View Details
    • Contact for pricing

      Roanoke Retail Space - Highway 431

      High-traffic retail space, utilities included.
      3164 Highway 431, Roanoke, AL 36274
      View Details
    • Contact for pricing

      High-Traffic Roanoke Retail Space

      Prime Office/Retail, 1200 sq ft, Great Location
      3164 Highway 431, Roanoke, AL 36274
      View Details

    Nearby Similar for Sale

    • $750,000
      2.00 Acres

      Versatile Commercial Property in Roanoke

      9,750 SF commercial space with warehouse and office.
      31 Steelview Dr, Roanoke, AL 36274
      View Details
    • $899,000
      2.00 Acres

      Prime Roanoke Industrial Space

      Versatile Warehouse, Office, Ample Parking
      31 Steelview Dr, Roanoke, AL 36274
      View Details
    • Contact for pricing

      Roanoke Retail Space - Highway 431

      High-traffic retail space, utilities included.
      3164 Highway 431, Roanoke, AL 36274
      View Details
    • Contact for pricing

      Roanoke Retail Space - Highway 431

      High-traffic retail/office space available. Great location, utilities included.
      3164 Highway 431, Roanoke, AL 36274
      View Details
    • Contact for pricing

      High-Traffic Roanoke Retail Space

      Prime Office/Retail, 1200 sq ft, Great Location
      3164 Highway 431, Roanoke, AL 36274
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 79-Pad Mobile Home Park, High NOI
    Where is this multifamily property located?
    The property is located at 460 Pine Valley Dr Roanoke, AL.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: 79-pad mobile home park generating $187,677 NOI.; Significant upside potential via infill development of 27 vacant pads and rent increases on 42 rent-to-own homes.; Attractive location in Roanoke, AL, near Birmingham and Atlanta, offering strong tenant demand in an affordable housing market.
    Request Owner's contact information
    460 Pine Valley Dr Roanoke, AL 36274
    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.
    460 Pine Valley Dr
    Roanoke, AL 36274
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    460 Pine Valley Dr Roanoke, AL 36274
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.