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    Three Manufactured Home Rental Portfolio Title is generated by Realmo AI

    130 Sheila Circle, Williamsburg, KY 40769

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    For Sale
    $300,000

    COMMERCIAL - Williamsburg, KY

    Property size:
    2,660 SF
    Lot size:
    1.17 Acres
    Price / SF:
    $112/SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 3:06 pm

    Property Features for 130 Sheila Circle

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    107-00-00-034.21
    Size
    2,660 SF
    Lot size
    1.17 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    1999

    We can help!

    Listing Contact
    Misty Lewis

    Listing agent Misty Lewis

    Listing office CENTURY 21 Advantage Realty 911 N Main St, London, KY

    Listing date Jun 4, 2026

    MLS# 26012915

    Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Portfolio of 3 single‑story manufactured homes in Sandy Acres Subdivision on a combined 1.21 acres of flat, usable land
    • All homes are R‑5 zoned in Whitley County Schools and include electric heating and electric cooling
    • Projected income: $2,250/month and $27,000/year from three tenants (per provided remarks)
    • Properties: 130 Sheila Circle (1999 Fleetwood Sunpoint 14x60), 150 Sheila Circle (1994 Belmont 14x60), 240 Sheila Circle (1990 Belmont Premier 14x70)
    • Convenient access: I‑75 Exit 11 is under 1 mile, with University of the Cumberlands 1.5 miles and Baptist Health Corbin Williamsburg Campus under 2 miles (per provided remarks)
    • Sold as‑is; buyer to verify all sq footage, bed/bath counts, and other details (per provided remarks)

    Overview

    This for-sale portfolio includes three income-producing, single-story manufactured homes in Sandy Acres Subdivision on 1.21 acres of flat, usable land. The properties are zoned R-5 (Whitley County Schools). 130 Sheila Circle includes a 1999 Fleetwood Sunpoint (14x60). 150 Sheila Circle includes a 1994 Belmont (14x60). 240 Sheila Circle includes a 1990 Belmont Premier (14x70), the largest of the three. The homes are currently leased with three tenants and three income streams.

    Together, the portfolio is described with monthly rent of $2,250 and annual rent of $27,000. The offering is positioned near major local employers and demand drivers, including the University of the Cumberlands (about 1.5 miles), Baptist Health Corbin Williamsburg Campus (under 2 miles), and I-75 Exit 11 (under 1 mile), providing direct interstate access. Additional nearby amenities include The Mint Cumberland Gaming Hall (under 1 mile) and Walmart Supercenter (about 1.5 miles).

    For buyers, the package is intended to be held as traditional rentals, with an alternative use noted by the seller to convert to short-term rental units. Buyers may also consider the acreage as land to hold while collecting rent. The property is sold as-is, and the buyer is responsible for verifying all details, including square footage and bed/bath counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Accounting Firm Butcher

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    Whitley
    State
    Kentucky
    Longitude
    -84.170673
    Latitude
    36.821048

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    FAQs

    What type of property is this?
    Triplex - Three single-story manufactured homes with separate tenants provide multiple rental streams on flat, usable acreage.
    Where is this triplex located?
    The property is located at 130 Sheila Circle Williamsburg, KY.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Portfolio of 3 single‑story manufactured homes in Sandy Acres Subdivision on a combined 1.21 acres of flat, usable land; All homes are R‑5 zoned in Whitley County Schools and include electric heating and electric cooling; Projected income: $2,250/month and $27,000/year from three tenants (per provided remarks)
    (606) 521-1361
    We can help!
    Listing Contact
    Misty Lewis
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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