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    Auburn, AL Housing Portfolio Title is generated by Realmo AI

    1100 Stonegate Drive, Auburn, AL 36832

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    Four communities totaling 490 home-sites near Auburn University.

    Type:Mobile Home Park
    Added:
    May 19, 2026
    Days on Market:
    12
    Last Refresh:
    May 20 at 4:54 am

    Property Features for 1100 Stonegate Drive

    General Information

    Standard status
    Active
    Property subtype
    Mobile Home Park

    We can help!

    Listing Contact
    Parker Kelly

    Listing agent Parker Kelly License #GA 385444

    Listing office BWE Investment Sales

    Listing date May 19, 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 BWE Investment Sales

    HighLights

    • High Occupancy: 93% occupancy rate ensures reliable cash flow.
    • Rent Growth Potential: In‑place lot rents are significantly below market comps (25%+) offering substantial upside.
    • Scalable Portfolio: Four communities totaling 490 home‑sites within 6 miles of Auburn University allow for efficient management.
    • Strong Location: Anchored by Auburn University in a high‑growth college town (Auburn MSA).
    • Agency‑Financeable: No deferred maintenance, all paved roads, and no flood zone exposure make it suitable for agency financing.
    • Direct‑Bill Utilities: All communities have direct‑bill city water, with one also having direct‑bill city sewer.

    Overview

    The Auburn, AL Manufactured Housing Portfolio consists of four communities totaling 490 home-sites across the Auburn MSA, near Auburn University. The portfolio is at 93% occupancy with lot rents averaging $455 per month. There are 32 vacant lots available for infill. All four communities are serviced by direct-bill city water. Stonegate also features direct-bill city sewer, while the remaining three communities use septic systems. Trash is community-billed across the portfolio. All four communities are located within approximately 6 miles of Auburn University's campus. The portfolio features paved roads, no flood zone exposure, and no deferred maintenance. In-place rents are 25% below market comps and as much as 45% below new move-in rates at competing communities.
    Location Intelligence

    Current Use by Public Records

    Stonegate Mobile Home ... Campground & RV Park

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Auto Repair Shop Pharmacy Kitchen & Bath Showroom Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Lee
    State
    Alabama
    Longitude
    -85.5135509
    Latitude
    32.5833807

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    FAQs

    What type of property is this?
    Mobile home & RV park - Four communities totaling 490 home-sites near Auburn University.
    Where is this mobile home & rv park located?
    The property is located at 1100 Stonegate Drive Auburn, AL.
    What are key features of this property?
    This property features: High Occupancy: 93% occupancy rate ensures reliable cash flow.; Rent Growth Potential: In‑place lot rents are significantly below market comps (25%+) offering substantial upside.; Scalable Portfolio: Four communities totaling 490 home‑sites within 6 miles of Auburn University allow for efficient management.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Parker Kelly
    Real Estate License ID: GA 385444
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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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    1100 Stonegate Drive, Auburn, AL 36832
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