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    Value-Add Mobile Home Park Title is generated by Realmo AI

    4182 367 S Highway, Searcy, AR 72143

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    For Sale
    $449,000

    Mobile Home Park - Searcy, AR

    Property size:
    5,600 SF
    Lot size:
    3.90 Acres
    Price / SF:
    $80/SF
    Added:
    Mar 19, 2026
    Days on Market:
    61
    Last Refresh:
    May 18 at 8:06 am

    Property Features for 4182 367 S Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    16
    Standard status
    Active
    Size
    5,600 SF
    Lot size
    3.90 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1560

    Building Details

    Year built
    2005
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Austin Durham

    Listing agent Austin Durham

    Listing office Dalrymple 1560 W. Beebe Capps, Searcy, AR

    Listing date Mar 19, 2026

    MLS# 26010985 Listing URL

    Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Significant Value‑Add Opportunity: Finish 2 mobile home interiors to immediately increase rent roll and NOI.
    • Recent Capital Improvements: 6 of 8 mobile homes fully remodeled in 2025 with new flooring, roofs, windows, HVAC, appliances, skirting, and decks.
    • Immediate Income Potential: Income lift by completing interiors of 2 units.
    • Upside Potential: Opportunity to increase occupancy and rental income by filling remaining vacant mobile‑home sites.
    • Low Deferred Maintenance: Recent capital expenditures minimize immediate repair costs.
    • Stabilized Cash Flow: Attractive for investors seeking stabilized cash flow with significant upside opportunity.

    Overview

    This well-maintained mobile home park presents a value-add opportunity for investors. The property features 8 park-owned mobile homes, with six of the eight units fully remodeled as of 2025. Remodeling includes new flooring, roofs, windows, HVAC systems, appliances, skirting, and decks. The remaining two units have had roofs and exterior work completed, requiring interior finishing to meet the same turnkey standard. The property includes 15 existing mobile-home sites, offering the potential to increase occupancy and rental income. Completing the interiors of the two unfinished units will immediately increase the rent roll and net operating income. The recent capital expenditures have resulted in low deferred maintenance. Further upside exists by filling the remaining vacant sites. The pro-forma income, based on six out of eight rent-ready units, is $81,600++. The property is located in Searcy, Arkansas, and occupies a 3.9-acre lot.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $336.1K
    NOI $30,248 @ 9.00% cap · cautious / downside scenario
    Moderate
    $432.1K
    NOI $30,248 @ 7.00% cap · market / base-case scenario
    Aggressive
    $605.0K
    NOI $30,248 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $59.1k $10.56
    − Vacancy −$4.1k −$0.74
    EGI $55.0k $9.82
    − OpEx −$24.7k −$4.42
    NOI $30.2k $5.40
    5,600 SF · lease $10.56/SF/yr · vacancy 7.00% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $432.1K
    $378.1K – $504.1K (±1% cap)
    NOI $30,248 @ 7.0% cap · market cap 6.74%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.02M
    $896.1K – $1.19M (±1% cap)
    NOI $71,689 @ 7.0% cap · market cap 15.97%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Searcy
    County
    White
    State
    Arkansas
    Longitude
    -91.7668326
    Latitude
    35.1566652

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    FAQs

    What type of property is this?
    Mobile home & RV park - Park-owned mobile home community with significant capital improvements and upside.
    Where is this mobile home & rv park located?
    The property is located at 4182 367 S Highway Searcy, AR.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Significant Value‑Add Opportunity: Finish 2 mobile home interiors to immediately increase rent roll and NOI.; Recent Capital Improvements: 6 of 8 mobile homes fully remodeled in 2025 with new flooring, roofs, windows, HVAC, appliances, skirting, and decks.; Immediate Income Potential: Income lift by completing interiors of 2 units.
    (501) 268-2445
    We can help!
    Listing Contact
    Austin Durham
    Learn More
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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.

    More about this property
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