Mobile Home & RV Park with 15
For Sale
$625,000
105 E Briar Drive, Granite Shoals, TX 78654
COMMERCIAL - Granite Shoals, TX
Property Size5,300 SF
Lot Size0.57 Acres
Price / SF$117.92
Days on Market213
Property Features for 105 E Briar Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
12
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 1, Bedroom 8, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 11, Bathroom 6, Bathroom 5, Bedroom 9, Bedroom 10, Bathroom 8, Bedroom 3, Bathroom 2, Bedroom 12, Bathroom 7, Bedroom 7, Bathroom 1, Bedroom 6, Bathroom 4
Appliances
Dishwasher, Ice Maker, Electric Range, Refrigerator, Washer Hookup, Electric Water Heater
Directions
Take FM 1431W to Granite Shoals. Third stop light is Phillips Ranch Road. Take a L. Go to Briar and turn L. First house on the L.
Standard status
Active
APN
043229
Size
5,300 SF
Lot size
0.57 Acres
Taxes and HOA fees
Tax Description
MOBILE HOME IMPROVEMENT ONLY,SN1 12000HB008215A;HUD# NTA2027749 S8210 SWEETBRIAR(SHERWOOD SHORES) L
Legal Description
MOBILE HOME IMPROVEMENT ONLY,SN1 12000HB008215A;HUD# NTA2027749 S8210 SWEETBRIAR(SHERWOOD SHORES) L
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2022
Number of units
5
Flooring type
Vinyl
Building materials
HardiPlank Type
Roof type
Composition
Listing Agency:
Mitchell Kent & Associates
(512) 909-7727
Listed By:
Mitchell Kent · License #0596240
(512) 909-7727
Added: Jan 11
Changed: Aug 4
Last Checked: Aug 12 at 3:06AM
MLS# 176111
Copyright © 2026 Highland Lakes Association of Realtors MLS. 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 Granite Shoals mobile home and RV park offers a total of 15 mobile homes for sale, including 10 contiguous units in the 100 block of Castleshoals and 5 contiguous units in the 200 block of Castleshoals. The property includes 14 homes configured as 3BD/2BA, and one double wide configured as 3BD/2BA.
The 14 homes are reported as 1,060 SF each, while the double wide is reported as 1,460 SF. The double wide is described as the only home installed on two lots, with each lot on its own parcel if the buyer wants to sell individually later.
Construction and utilities details include HardiPlank Type construction materials, vinyl flooring, central air, central electric heating, a composition roof, public water service, and septic tank sewer. The year built is 2022. For the referenced home installed on two lots, there is also a fence in the yard for pets and a 9x12 covered patio on the front.
The 14 homes are reported as 1,060 SF each, while the double wide is reported as 1,460 SF. The double wide is described as the only home installed on two lots, with each lot on its own parcel if the buyer wants to sell individually later.
Construction and utilities details include HardiPlank Type construction materials, vinyl flooring, central air, central electric heating, a composition roof, public water service, and septic tank sewer. The year built is 2022. For the referenced home installed on two lots, there is also a fence in the yard for pets and a 9x12 covered patio on the front.
Key Highlights
- Total of 15 mobile homes for sale, with 10 contiguous units in the 100 block and 5 contiguous units in the 200 block of Castleshoals
- 14 homes are reported as 3BD/2BA at 1,060 SF each
- One double wide is reported as 3BD/2BA at 1,460 SF
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
$48,078
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
7.69%
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%
$961,560
$961.6K
Cap Rate 7%
$686,829
$686.8K
Cap Rate 9%
$534,200
$534.2K
Market Conditions
NOI Build-Up for 5,300 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
$93.5K $17.64/SF
− Vacancy
−$6.1K −$1.15/SF
EGI
$87.4K $16.49/SF
− OpEx
−$39.3K −$7.42/SF
NOI
$48.1K $9.07/SF
Area
Burnet County, TX
Vacancy
6.50%
Lease Rate
$17.64 /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%
$961,560
Cap Rate 7%
$686,829
Cap Rate 9%
$534,200
Alternative Uses
Best Use
Apartment 5plus
$686.8K
$601.0K – $801.3K
NOI $48,078 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.99M
$3.49M – $4.66M
NOI $279,443 @ 7.0% cap · market cap 44.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Explore this area
Business Placement
Demographics for 78654, TX
19,698
Population
9,764
Households
2
Avg Household Size
45
Median Age
33%
College-Educated
89%
High-School Grad
201.3 sq mi
ZIP Area
98
Density / Sq Mi
$72,669
Median Household Income
$37,391
Median Earnings
$1,404
Median Rent
$315,200
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 - Mobile home park in Granite Shoals with 15 homes and public water service, built in 2022.
Where is this mobile home & rv park located?
The property is located at 105 E Briar Drive Granite Shoals, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Total of 15 mobile homes for sale, with 10 contiguous units in the 100 block and 5 contiguous units in the 200 block of Castleshoals; 14 homes are reported as 3BD/2BA at 1,060 SF each; One double wide is reported as 3BD/2BA at 1,460 SF
