Mobile Home and RV
For Sale
$122,500
140 Doyle Drive, Portland, TX 78374
CommercialSale, Portland, TX
Property Size1,296 SF
Lot Size0.48 Acres
Price / SF$94.52
Days on Market786
Property Features for 140 Doyle Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Assigned
Subdivision
Sgp-Doyle Add #2
Lot features
Interior Lot
Standard status
Active
APN
1530
Size
1,296 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Description
SECOND DOYLE ADDN BLK 1, W1/2 LOT 10 (0.478 ACRES)
Legal Description
SECOND DOYLE ADDN BLK 1, W1/2 LOT 10 (0.478 ACRES)
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1975
Floors in Building
1
Listing Agency:
AGM Real Estate
Listed By:
Alicia Garcia Montemayor · License #0484225
(361) 222-0116
Added: Jul 15, 2024
Changed: Sep 6
Last Checked: Sep 8 at 9:06AM
MLS# 444426
Copyright © 2026 South Texas Multiple Listing Service, LLC. 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.
The offering includes two mobile homes, a garage, one RV, and an established layout with four RV spots. One mobile home is presently rented, while the second mobile home and garage need work. All components are conveyed in as-is condition, making the condition of each improvement an important part of review.
The property occupies 0.48 acres at 140 Doyle Drive in Portland, Texas. Public water and public sewer serve the site, and assigned parking is listed. The property has a reported 1975 year built and 1296 square feet of property size.
The property occupies 0.48 acres at 140 Doyle Drive in Portland, Texas. Public water and public sewer serve the site, and assigned parking is listed. The property has a reported 1975 year built and 1296 square feet of property size.
Key Highlights
- Four established RV spots
- Sale includes 2 mobile homes, a garage, and 1 RV
- One mobile home is presently rented
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
$10,616
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
8.67%
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%
$212,320
$212.3K
Cap Rate 7%
$151,657
$151.7K
Cap Rate 9%
$117,956
$118.0K
Market Conditions
NOI Build-Up for 1,296 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
$22.1K $17.04/SF
− Vacancy
−$2.8K −$2.15/SF
EGI
$19.3K $14.89/SF
− OpEx
−$8.7K −$6.70/SF
NOI
$10.6K $8.19/SF
Area
San Patricio County, TX
Vacancy
12.60%
Lease Rate
$17.04 /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%
$212,320
Cap Rate 7%
$151,657
Cap Rate 9%
$117,956
Alternative Uses
Best Use
Apartment 5plus
$151.7K
$132.7K – $176.9K
NOI $10,616 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$664.8K
$581.7K – $775.7K
NOI $46,539 @ 7.0% cap · market cap 37.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Explore this area
Business Placement
Demographics for 78374, TX
20,281
Population
8,426
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
92%
High-School Grad
18.6 sq mi
ZIP Area
1,090
Density / Sq Mi
$81,580
Median Household Income
$43,110
Median Earnings
$1,492
Median Rent
$225,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Established property includes four RV spaces, two mobile homes, and a garage.
Where is this mobile home & rv park located?
The property is located at 140 Doyle Drive Portland, TX.
What is the asking price?
The asking price for this property is $122,500.
What are key features of this property?
This property features: Four established RV spots; Sale includes 2 mobile homes, a garage, and 1 RV; One mobile home is presently rented
