Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    23901 County Rd 38th Lot, Unit 131 Summerdale, AL 36580-3259
    Back to Search
    Property profile & analytics

    23901 County Rd 38th Lot, Unit 131, Summerdale, AL 36580-3259

    View on Map
    • Mobile home & RV parks
    • 2,430 SF
    • 7.00 lot acres
    Off-Market
    Last Sale Jan 18, 2022
    $10,000
    Property ID
    US03-0010425
    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.
    Value Estimations
    $5,815,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 23901 County Rd 38th Lot

    Year built
    1995
    Lot size
    7.00 lot acres
    Property type
    Mobile home & RV parks
    APN
    48-06-24-0-000-017.006
    APU
    4806240000017006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 18, 2022 — Kinetic Capital Vi LLC Kinetic Capital Vi LLC Intrafamily Transfer · related $500k · Gerald W Carlisle Etux
    Mar 7, 2018 $505,250 Greenwood Mobile Hm Estates Ll Greenwood Mobile Hm Cmnty LLC Warranty Deed $379k · National Bk/commerce
    Sep 5, 2013 — Greenwood Mobile Hm Cmnty LLC Greer,stephen D & Sarita Quit Claim Deed $325k · James & Betty Flowers
    Jun 13, 2011 $10,000 Stephen D Greer Vick,carl R Grant Deed —
    Sep 21, 2006 $35,000 Rex Potter SR. Potter,deloris K Quit Claim Deed · related —
    Jan 20, 2006 $149,800 Rex Potter Townley,harry E Grant Deed $75k · Choice Capital Funding INC
    — — Patrick N Weber — Deed Of Trust · related $24k · Regions Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Summerdale
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.6181
    Latitude
    30.5106
    CBSA code
    19300
    CBSA name
    DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA

    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
    $2,915
    $47,300
    $56,800
    $104,100
    -
    $236,500
    $284,000
    $520,500

    Comparable in this City

    • Value Estimation by Request
      3.80 Acres

      20911 Fred Dugger Rd

      MOBILE HOME PARK, TRAILER PARK
      20911 Fred Dugger Rd, Summerdale, AL 36580-3714
      View Details
    • Value Estimation
      $2,795,000
      1,120 SF

      15186 County Rd 28

      MOBILE HOME PARK, TRAILER PARK
      15186 County Rd 28, Summerdale, AL 36580
      View Details
    • Value Estimation by Request
      10.00 Acres

      15551 County Rd 49

      MOBILE HOME PARK, TRAILER PARK
      15551 County Rd 49, Summerdale, AL 36580-4383
      View Details
    • Value Estimation by Request
      7.70 Acres

      15609 County Rd 49

      MOBILE HOME PARK, TRAILER PARK
      15609 County Rd 49, Summerdale, AL 36580-4387
      View Details
    • Value Estimation by Request
      2.00 Acres

      13692 Pendix Rd

      MOBILE HOME PARK, TRAILER PARK
      13692 Pendix Rd, Summerdale, AL 36580-4062
      View Details
    • Value Estimation by Request
      15.00 Acres

      17367 Resmondo Rd

      MOBILE HOME PARK, TRAILER PARK
      17367 Resmondo Rd, Summerdale, AL 36580-3802
      View Details

    Similar Nearby for Sale

    • $530,000
      4,100 SF

      Summerdale Multifamily Investment Opportunity

      Fourplex in Summerdale, Alabama, near beaches, Foley, and Fairhope.
      304-306 W Shriver St, Summerdale, AL 36580
      View Details
    • $75,000
      0.64 Acres

      Cleared Double Lot in Summerdale

      Cleared double lot ready for building with community waterfront access.
      17262 Bridgeport Dr, Summerdale, AL 36580
      View Details
    • $103,410
      1.43 Acres

      Partially Cleared Land in Summerdale

      1.43-acre parcel near Fairhope and Foley with wooded area.
      Amison Ln, Summerdale, AL 36580
      View Details
    • $1,900,000
      77.00 Acres

      Unzoned Land Near Beach Express

      77-acre lot offers versatile development opportunities near Beach Express.
      19750 County Road 73, Summerdale, AL 36580
      View Details
    • $186,000
      3.70 Acres

      Summerdale Acreage Near Highway 59

      3.70 acre property near State Hwy 59 in Summerdale.
      Daugherty Rd, Summerdale, AL 36580
      View Details
    • $265,000
      14.50 Acres

      Summerdale Land Near Fish River

      14.5 acres for country living near Fish River.
      County Road 28, Summerdale, AL 36580
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      33,348 SF

      Summerdale Warehouse with Laydown Yard

      Large warehouse with laydown yard and three-phase power available.
      501 Sandborn Rd E, Summerdale, AL 36580
      View Details
    • Contact for pricing

      Highway 59 Retail/Office/Warehouse Space

      Retail, office, and warehouse space available for lease on Highway 59.
      102 Al-59, Summerdale, AL 36580
      View Details
    • Contact for pricing
      17,500 SF

      Summerdale Retail Office/Warehouse Retrofit

      Retail office and warehouse space available for lease in Summerdale.
      102 State Highway 59 S, Summerdale, AL 36580
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23901 County Rd 38th Lot, Unit 131
    Summerdale, AL 36580-3259
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    23901 County Rd 38th Lot, Summerdale, AL, 36580
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!