How to value RV lots attached to a mobile home park?


#1

I am looking at a park with about 30 RV lots that fill in the summer and empty in the winter. Lots are $280.

This is on a very popular lake that I know fills to capacity every summer. How would I evaluate the value of RV lots that are great in summer and terrible in winter?

Thank you,
Toben Blalock


#2

I would use an income based approach, and have laser focus on expenses for those lots if they have all inclusive utilities. Consider how financing of those might work - potentially value as two businesses MHP + RV Park.