My mom has a mobile home park she wishes to sell, but we don’t know how much to ask for it. A park nearby recently sold for $500,000. It was fully rented, ours in not. It needs some work and is zoned, “General Business”. It’s near beaches and in a summer tourist area. Any suggestions?
Cheryl, in order to get pricing you will need to provide more information:
- Acreage - Total Amount
Of Lots - Total Amount
Of Rented Lots - Total Amount
- Lot Rental Prices
Of Park Owned Homes - Total Amount
- Mobile Home Rental Prices
- Value Of Park Owned Homes
- Water: City Water /or/ Well (How Many Wells) /or/ Something Else
- Sewer: City Sewer /or/ Septic Systems /or/ Something Else
- Water: Is The Tenant Directly, Individually Billed By The City
- Sewer: Is The Tenant Directly, Individually Billed By The City
- Electric: Is It Master Metered (Does The Electric Company Bill The Mobile Home Park Owner For All Electricity?)
- Gas: Is It Master Metered (Does The Gas Company Bill The Mobile Home Park Owner For All Gas?)
- What State Is It Located In?
I am a Licensed Real Estate Broker-In-Charge & Realtor in South Carolina.
This Forum has lots of people looking for Mobile Home Parks, so maybe your Buyer is here .
We wish you the very best!
You will need to provide details. To value a business it is necessary to know the business. Financial details including location, income, expenses, resident owned or POHs, occupancy, age, tenant base, city or rural etc.
The difference in value is based on the details of the business. Value varies by hundreds of thousands between parks depending on the details of the business operation not what a near by park may have sold for.