15-Unit Mobile Home
For Sale
$1,147,500
430 CR 311, Tyler, TX 75708
Residential Income, Tyler, TX
Property Size9,873 SF
Lot Size24.97 Acres
Price / SF$116.23
Days on Market557
Property Features for 430 CR 311
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Subdivision
A100009 - A0009 E FLORES
Elementary school
Winona
Middle school
Winona
High school
Winona
Directions
From Longview, take I-20 towards Dallas. Exit 562 Hawkins/Tyler. Take right on FM 14. Go 0.2 miles. Take a right on CR 311. Go 0.2 miles. Property is on the right.
Standard status
Active
Size
9,873 SF
Lot size
24.97 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
See Exhibit A in Documents
Tax Annual Amount
10000
Legal Description
See Exhibit A in Documents
Utilities
Heating system
Central
Cooling system
Central Air, Electric, Window Unit(s)
Building Details
Year built
2022
Number of units
15
Building materials
Aluminum Siding, Metal Siding
Listing Agency:
Texas Real Estate Executives-Gilmer
(903) 680-4663
Listed By:
Cathy Daniels · License #0502250
(903) 360-8682
Added: Feb 13, 2025
Changed: Aug 21
Last Checked: Aug 24 at 8:06PM
MLS# 26004801
Copyright © 2026 Greater Tyler Association of Realtors. 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 24.965-acre property includes a 15-unit home park with a varied inventory of tiny homes, manufactured homes, and FEMA trailers. The property size is identified as 9,873 square feet, with construction materials including aluminum siding and metal siding. Central heating and a combination of window units, central air, and electric cooling are reported. The improvements date to 2022.
Located at 430 CR 311 in Tyler, Texas, the property is outside city limits and within the Winona School District. The site combines a rural setting with an established residential park configuration and multiple home types across the acreage.
Located at 430 CR 311 in Tyler, Texas, the property is outside city limits and within the Winona School District. The site combines a rural setting with an established residential park configuration and multiple home types across the acreage.
Key Highlights
- 24.965‑acre property with a 15‑unit home park
- Mix of tiny homes, manufactured homes, and FEMA trailers
- Located outside city limits in the Winona School District
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
$83,570
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
7.28%
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%
$1,671,400
$1.7M
Cap Rate 7%
$1,193,857
$1.2M
Cap Rate 9%
$928,556
$928.6K
Market Conditions
NOI Build-Up for 9,873 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
$159.9K $16.20/SF
− Vacancy
−$8.0K −$0.81/SF
EGI
$151.9K $15.39/SF
− OpEx
−$68.4K −$6.93/SF
NOI
$83.6K $8.46/SF
Area
Tyler, TX
Vacancy
5.00%
Lease Rate
$16.20 /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%
$1,671,400
Cap Rate 7%
$1,193,857
Cap Rate 9%
$928,556
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,570 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,253 @ 7.0% cap · market cap 13.44%
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
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 75708, TX
8,294
Population
3,585
Households
2.3
Avg Household Size
33
Median Age
8%
College-Educated
65%
High-School Grad
56.5 sq mi
ZIP Area
147
Density / Sq Mi
$81,500
Median Household Income
$37,087
Median Earnings
$865
Median Rent
$131,100
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 - Mixed tiny-home, manufactured-home, and FEMA trailer accommodations on a rural property outside city limits.
Where is this mobile home & rv park located?
The property is located at 430 CR 311 Tyler, TX.
What is the asking price?
The asking price for this property is $1,147,500.
What are key features of this property?
This property features: 24.965‑acre property with a 15‑unit home park; Mix of tiny homes, manufactured homes, and FEMA trailers; Located outside city limits in the Winona School District
