I get how to figure out a price for a park based on income brought in. I guess I’m a little confused when it comes to pricing a park “per pad”.
A park a friend of mine is looking at has only 40 out of 62 pads occupied and the owner said he wants $15,000-$18,000 per pad. I’m still in my research phase regarding this park but this definitely seems high considering occupancy and NOI.
Thanks for your time!