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    Property profile & analytics

    1015 Rhea Ave Opp, AL 36467-2800

    • Mobile home & RV parks
    • 54 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 24, 2022
    Location Intelligence
    Property ID
    US03-2269952
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 1015 Rhea Ave

    Year built
    1900
    Lot size
    1.00 lot acres
    Property size
    54 SF
    Property type
    Mobile home & RV parks
    APN
    23-11-09-32-2-003-022.000
    APU
    231109322003022000

    Description

    This fee-simple owned, stabilized investment opportunity presents a 67-unit mobile home park situated on 15 acres in Opp, Alabama, within the Enterprise MSA. The property, identified by APN numbers 23 11 09 32 2 003 022.001 and 23 11 09 32 2 003 022.000, boasts 67 buildings, each a single-story unit. All units are served by city utilities, providing a reliable infrastructure. The park benefits from an existing stable tenant base, contributing to a high current cash flow. This represents a compelling opportunity for investors seeking a proven, income-generating asset in a convenient location at 1015 Rhea Ave, Opp, AL 36467 (latitude 31.271953, longitude -86.2724725). The property is located in Covington County. All site visits require prior scheduling.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Opp
    County
    Covington
    State
    Alabama
    Longitude
    -86.2707
    Latitude
    31.272

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $68
    $1,600
    $140
    $1,740
    -
    $8,000
    $700
    $8,700

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      26.00 Acres

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      Opp, AL 36467

      MOBILE HOME PARK, TRAILER PARK • 5 SF
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    Opp, AL 36467-2800
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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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