1 2nd St Daleville, AL 36322-9578
- Mobile home & RV parks
- 3.00 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 1 2nd St
- Year built
- 1900
- Lot size
- 3.00 lot acres
- Zone code
- O
- Property type
- Mobile home & RV parks
- APN
- 14-04-19-4-000-001.001
- APU
- 1404194000001001
Description
This Daleville, Alabama RV park presents a compelling investment opportunity. Boasting 115 potential sites, the property currently generates substantial income with significant upside potential for expansion. Located near Fort Novosel, one of the Southeast's largest military bases, and conveniently situated along the main route to Panama City Beach, the park benefits from a robust and consistent tenant base, including active-duty personnel, contractors, and tourists. Recent capital improvements have upgraded infrastructure and amenities, enhancing operational efficiency and minimizing maintenance costs. Public water and sewer services are available, along with weekly curbside trash removal. The park's strategic location, combined with its existing cash flow and expansion possibilities, makes it an attractive investment in a recession-resistant market. This is a value-add opportunity with a clear path to increased revenue and minimal development risk. The property offers an ideal location for both long-term and transient tenants, ensuring consistent occupancy. The substantial capital expenditures already allocated to property improvements further enhance its appeal and profitability.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $105,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $105,000
- 6.5%
- $115,000
- 7%
- $100,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $110,000
- Geo Method
- $115,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $130,000
- Retail
- $120,000
- Mixed-Use
- $130,000
- Hospitality
- $115,000
- Educational
- $125,000
- Residential Income
- $130,000
- Energy
- $105,000
- Income-Based Land
- $95,000
- Food Service
- $110,000
Location Insight
- Map
- Local Demand
- City
- Daleville
- County
- Dale
- State
- Alabama
- Longitude
- -85.6767
- Latitude
- 31.3039
- CBSA code
- 37120
- CBSA name
- OZARK, AL MICROPOLITAN STATISTICAL AREA