Mobile Home Park with Multiple
For Sale
$625,000
105 E Briar Drive, Granite Shoals, TX 78654
Commercial Sale, Granite Shoals, TX
Property Size5,300 SF
Lot Size0.57 Acres
Price / SF$117.92
Days on Market235
Property Features for 105 E Briar Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
12
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 5, Bedroom 7, Bedroom 3, Bedroom 6, Bathroom 7, Bedroom 5, Bedroom 11, Bathroom 3, Bathroom 6, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 10, Bedroom 12, Bedroom 1, Bedroom 8, Bedroom 9, Bathroom 8, Bedroom 4, Bedroom 2
Appliances
Dishwasher, Ice Maker, Electric Range, Refrigerator, Washer Hookup, Electric Water Heater
Directions
Take FM 1431W to Granite Shoals. Third stop light is Phillips Ranch Road. Take a L. Go to Briar and turn L. First house on the L.
Standard status
Active
APN
043229
Size
5,300 SF
Lot size
0.57 Acres
Taxes and HOA fees
Tax Description
MOBILE HOME IMPROVEMENT ONLY,SN1 12000HB008215A;HUD# NTA2027749 S8210 SWEETBRIAR(SHERWOOD SHORES) L
Legal Description
MOBILE HOME IMPROVEMENT ONLY,SN1 12000HB008215A;HUD# NTA2027749 S8210 SWEETBRIAR(SHERWOOD SHORES) L
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2022
Number of units
5
Flooring type
Vinyl
Building materials
HardiPlank Type
Roof type
Composition
Listing Agency:
Mitchell Kent & Associates
Listed By:
Mitchell Kent · License #0596240
(512) 909-7727
Added: Jan 11
Changed: Sep 3
Last Checked: Sep 3 at 12:06PM
MLS# 176111
Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mobile home property in Granite Shoals includes 15 homes across the offering. Fourteen units are 3-bedroom, 2-bath residences measuring 1,060 square feet, while one double-wide provides 3 bedrooms and 2 bathrooms within 1,460 square feet. The double-wide has two living rooms, covered front and rear patios, and occupies two lots, with each lot held as a separate parcel. Other homes feature covered front patios and fenced yards.
The property is located near Lake LBJ in Burnet County, with Granite Shoals identified as having multiple boat ramps. Improvements were built in 2022 and include HardiPlank-type construction, vinyl flooring, central heating and cooling, public water, and septic systems. Appliances and hookups include electric ranges, refrigerators, dishwashers, ice makers, electric water heaters, and washer hookups.
The property is located near Lake LBJ in Burnet County, with Granite Shoals identified as having multiple boat ramps. Improvements were built in 2022 and include HardiPlank-type construction, vinyl flooring, central heating and cooling, public water, and septic systems. Appliances and hookups include electric ranges, refrigerators, dishwashers, ice makers, electric water heaters, and washer hookups.
Key Highlights
- 15 mobile homes included in the offering
- 14 units with 3BD/2BA layouts and 1060SQFT
- One double wide with 3BD/2BA and 1460SQFT
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,078
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$961,560
$961.6K
Cap Rate 7%
$686,829
$686.8K
Cap Rate 9%
$534,200
$534.2K
Market Conditions
NOI Build-Up for 5,300 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$93.5K $17.64/SF
− Vacancy
−$6.1K −$1.15/SF
EGI
$87.4K $16.49/SF
− OpEx
−$39.3K −$7.42/SF
NOI
$48.1K $9.07/SF
Area
Burnet County, TX
Vacancy
6.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$961,560
Cap Rate 7%
$686,829
Cap Rate 9%
$534,200
Alternative Uses
Best Use
Apartment 5plus
$686.8K
$601.0K – $801.3K
NOI $48,078 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.99M
$3.49M – $4.66M
NOI $279,443 @ 7.0% cap · market cap 44.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Explore this area
Business Placement
Demographics for 78654, TX
19,698
Population
9,764
Households
2
Avg Household Size
45
Median Age
33%
College-Educated
89%
High-School Grad
201.3 sq mi
ZIP Area
98
Density / Sq Mi
$72,669
Median Household Income
$37,391
Median Earnings
$1,404
Median Rent
$315,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Income-producing mobile home property with varied layouts, covered patios, and fenced outdoor areas in Granite Shoals.
Where is this mobile home & rv park located?
The property is located at 105 E Briar Drive Granite Shoals, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 15 mobile homes included in the offering; 14 units with 3BD/2BA layouts and 1060SQFT; One double wide with 3BD/2BA and 1460SQFT
