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    Property profile & analytics

    18291 Highway 140 Elrod, AL 35458

    • Commercial real estate
    For Sale
    View listing
    $329,900
    Value Estimation
    Location Intelligence
    Property ID
    US03-0123327
    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

    • Commercial real estate

    Property Details for 18291 Highway 140

    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a well-established mobile home park situated on approximately four acres of land in Elrod, Alabama. The property boasts a prime location with 475 feet of frontage on Highway 140, ensuring high visibility and accessibility. The park comprises nine mobile home units, all of which are currently owner-occupied, generating a consistent and reliable income stream. This turnkey operation offers a significant advantage for investors seeking immediate returns. The land itself provides ample space for potential expansion or future development, allowing for further growth and increased profitability. The asking price of $329,900 represents a compelling value for a property of this nature, offering a solid foundation for long-term investment growth. Detailed financial records are available upon request, providing potential buyers with a comprehensive understanding of the park's financial performance. This is a rare opportunity to acquire a profitable, established business with significant upside potential. Don't miss out on this chance to own a piece of Elrod's thriving real estate market. Serious inquiries only.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elrod
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.81251
    Latitude
    33.27396
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    18291 Highway 140
    Elrod, AL 35458
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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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