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    Cedar Rapids Investment Opportunity Title is generated by Realmo AI

    100 Hames Street Southwest, Cedar Rapids, IA 52404

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    Large mobile home community with industrial warehouse and agricultural land.

    Type:Mobile Home Park
    Property size:
    14,000 SF
    Lot size:
    207.00 Acres
    Price / SF:
    $7,857/SF
    Added:
    May 26, 2026
    Days on Market:
    6
    Last Refresh:
    May 27 at 8:26 am

    Property Features for 100 Hames Street Southwest

    General Information

    Standard status
    Active
    Size
    14,000 SF
    Lot size
    207.00 Acres
    Property subtype
    Mobile Home Park

    Building Details

    Year Built
    1990

    We can help!

    Listing Contact
    Jordan Bouslog
    Jordan Bouslog

    Listing agent Jordan Bouslog License #IA S62986000

    Listing office Cushman & Wakefield - West Des Moines, Iowa

    Listing date May 26, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - West Des Moines, Iowa

    HighLights

    • Large mobile home community with approximately 936 home sites across two parks on 207 acres.
    • Includes four additional revenue‑generating businesses providing a turnkey investment opportunity.
    • Prime Cedar Rapids location with easy access to Highway 151 and Highway 30.
    • Industrial warehouse: 14,000 SF steel‑frame and 2,100 SF post‑frame on 2.15 acres with 6 drive‑in doors, built in 2018.
    • Established communities built in the late 1990s with well‑kept home sites and mature landscaping.
    • Significant land holdings: Five parcels totaling 132.34 acres of AG land with future development potential.

    Overview

    This offering features a prime Cedar Rapids location, situated just off Highway 151 and Highway 30, providing easy access to employers, shopping, healthcare, and parks. It includes a large mobile home community comprising two parks, Grand View Village and Summit View, totaling approximately 936 home sites across 207 acres. Additionally, there is an industrial warehouse consisting of a 14,000 square foot steel-frame building and a 2,100 square foot post-frame warehouse on 2.15 acres, featuring 6 drive-in doors and built in 2018, currently serving as the central maintenance facility. The offering also includes five parcels totaling 132.34 acres of agricultural land with a future land use designation of Urban Medium Intensity, indicating strong development potential for approximately 519 sites. The established communities, built in the late 1990s, feature well-kept home sites, mature landscaping, and a friendly neighborhood atmosphere. The offering includes four additional revenue-generating businesses providing a fully integrated, turnkey investment opportunity: a retail homes sale company, a home service department, an in-house mortgage finance company, and an in-house insurance company.
    Location Intelligence

    Current Use by Public Records

    Summit View Village Campground & RV Park

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.731355
    Latitude
    41.955932

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    FAQs

    What type of property is this?
    Mobile home & RV park - Large mobile home community with industrial warehouse and agricultural land.
    Where is this mobile home & rv park located?
    The property is located at 100 Hames Street Southwest Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Large mobile home community with approximately 936 home sites across two parks on 207 acres.; Includes four additional revenue‑generating businesses providing a turnkey investment opportunity.; Prime Cedar Rapids location with easy access to Highway 151 and Highway 30.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jordan Bouslog
    Jordan Bouslog
    Real Estate License ID: IA S62986000
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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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    100 Hames Street Southwest, Cedar Rapids, IA 52404
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