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    208 Trojan Way Troy, AL 36081

    • Mobile home & RV parks
    • 3.46 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 208 Trojan Way

    Lot size
    3.46 lot acres
    Property type
    Mobile home & RV parks

    Description

    This exceptional 14-unit mobile home park in Troy, Alabama, presents a compelling investment opportunity. Situated on a 3.46-acre lot at 208 Trojan Way, this property boasts 100% occupancy, generating a current Net Operating Income (NOI) of $23,100 and a 5.14% cap rate. All 14 units are single-family homes ranging from one to three bedrooms and one bathroom. The park features tenant-owned homes, significantly reducing maintenance responsibilities. City-maintained streets, city water, and sewer services (direct-billed to residents) further minimize operational overhead. Residents are responsible for maintaining their own properties. The convenient Troy location offers proximity to shopping and a local distillery. The current lot rents are below market levels, presenting a significant opportunity for increased revenue and a pro forma cap rate exceeding 12% with near-market rent adjustments. This low-maintenance property offers a strong return on investment with potential for substantial future growth. The property is located in zip code 36081.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Pike
    State
    Alabama
    Longitude
    -85.9737
    Latitude
    31.8222

    Comparable in this City

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      1.00 Acre

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      MOBILE HOME PARK, TRAILER PARK • 1.00 Acre
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    • Value Estimation by Request
      22.53 Acres

      Troy, AL 36081

      MOBILE HOME PARK, TRAILER PARK • 22.53 Acres
      Troy, AL 36081
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    208 Trojan Way
    Troy, AL 36081
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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
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