1 2Nd StDaleville, AL 36322

Property Details for 1 2Nd St

Year built

1900

Lot size

3.00 AC

Zone code

O

Property type

Residential income properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $16,367,235

  6.5%

  $15,108,217

  7%

  $14,029,059

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,399,564

  Geo Method

  $14,399,564

• Alternative Use

  Use

  Valuation

  Residential

  $15,108,217

  Hospitality

  $13,839,045

  Educational

  $11,513,923

  Medical

  $11,909,905

  Retail

  $17,910,548

Location Insight

City

Daleville

County

Dale

State

Alabama

Latitude

31.3039

Longitude

-85.6767

CBSA code

37120

CBSA name

OZARK, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].