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    5745 Katherine Hankins Dr Theodore, AL 36582

    Sponsored
    For Sale
    $75,000

    1.19-acre lot, ideal for multifamily or mobile home park.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 1.19-acre commercial lot, located at 5745 Katherine Hankins Dr in Theodore, Alabama (zip code 36582), is offered at $75,000, or $63,025 per acre. The property's APN is 3802044000009.000. Conveniently situated just off Highway 90, this vacant land boasts a prime location across from Katherine Hankins Middle School. Previously utilized as a mobile home park, all existing trailers have been removed, presenting a clean slate for development. The property's zoning and potential uses include multifamily residential and mobile home park development, making it an attractive investment opportunity. The sale terms are cash to the seller. This exceptional location and versatile zoning make this a highly desirable property for investors seeking a strong return. Serious inquiries are encouraged. The property is ready for immediate development.

    Property Features for 5745 Katherine Hankins Dr

    General Information

    Property type
    Multifamily properties
    Lot Size
    51,836 SF

    HighLights

    • Listing ID: 30257712
    • Status: Active
    • Vacant Land: 1.19 acres available for sale.
    • Potential Uses: Mobile home park or multi‑family development.
    • Asking Price: $75,000
    • Price Per Acre: $63,025
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Theodore
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1751883
    Latitude
    30.5511779

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    FAQs

    What type of property is this?
    Multifamily property - 1.19-acre lot, ideal for multifamily or mobile home park.
    Where is this multifamily property located?
    The property is located at 5745 Katherine Hankins Dr Theodore, AL.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Listing ID: 30257712; Status: Active; Vacant Land: 1.19 acres available for sale.
    Request Owner's contact information
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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
    5745 Katherine Hankins Dr Theodore, AL 36582
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