I'm looking at a stabilized 95% full park with at market rents with seller financing as a probability. It's only a 40 lot park.
My main question is in figuring resale value for the park of this size.
Is it unrealistic to sell a park like this at a 10 cap or would a 12 cap be more realistic.
It does have 3 large septic tanks however with the addition of a pump, local sewer is available and water is already direct billed.
If I can't expect a decent amount of instant equity than I may keep looking unless they will sell it with very little down.