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    1505 Co Rd Florence, AL 35633

    For Sale
    $1,899,000
    Property size:
    1,512 SF
    Added:
    Dec 11, 2024
    Days on Market:
    370

    Property Features for 1505 Co Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,512 SF
    Class
    A
    Lot Size
    392,040 SF

    Building Details

    Year Built/Renovated
    2022/2023
    Stories
    1
    Units
    29

    HighLights

    • 8% Cap Rate, strong monthly revenue growth.
    • 29 RV pads, heated saltwater pool, 6,000 sq ft dog park on 9 acres.
    • Permits secured for 20 additional pads, plus land for 20+.
    • 16.8% year‑to‑date revenue increase (as of 10/2/2024).
    • 2022 model 4‑bedroom, 2‑bath manager's residence (56x28).
    • 17 monthly residents, 75% occupancy on remaining pads.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Florence
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.732637
    Latitude
    34.814174

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    FAQs

    Where is this multifamily property located?
    The property is located at 1505 Co Rd Florence, AL.
    What is the asking price?
    The asking price for this property is $1,899,000.
    What are key features of this property?
    This property features: 8% Cap Rate, strong monthly revenue growth.; 29 RV pads, heated saltwater pool, 6,000 sq ft dog park on 9 acres.; Permits secured for 20 additional pads, plus land for 20+.
    Request Owner's contact information
    1505 Co Rd Florence, AL 35633
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    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
    1505 Co Rd Florence, AL 35633
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