Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Income-Producing Mobile Home Park Title is generated by Realmo AI

    111 Devan Drive, Murphysboro, IL 62966

    View on Map
    Claim this Listing
    For Sale
    $925,000

    Mobile home park on 8.8 acres with income potential.

    Type:Multi Family 5+ / Multi Family 5+-Other / Multi Family 5+
    Property size:
    27,504 SF
    Lot size:
    8.80 Acres
    Price / SF:
    $33/SF
    Added:
    Feb 28, 2026
    Days on Market:
    92
    Last Refresh:
    Mar 17 at 7:37 am

    Property Features for 111 Devan Drive

    General Information

    Standard status
    Active
    Size
    27,504 SF
    Lot size
    8.80 Acres
    Property subtype
    Multi Family 5+ / Multi Family 5+-Other / Multi Family 5+

    Building Details

    Year Built
    2020

    We can help!

    Listing Contact
    Robert Davenport
    Robert Davenport

    Listing agent Robert Davenport License #471019751

    Listing office RE/MAX REALTY CENTRAL

    Listing date Feb 28, 2026

    Source Compass

    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 RE/MAX REALTY CENTRAL

    HighLights

    • Income‑producing property with 8 existing mobile homes generating consistent rental income.
    • 8.8 acres of versatile land with room for expansion.
    • 9 new proposed units to be added.
    • Each mobile home includes a private wooden storage building.
    • 30x40 pole barn with electricity.
    • 36 parking spaces available.

    Overview

    This income-producing mobile home park is situated on 8.8 acres. The property includes 8 double-wide mobile homes, each generating rental income averaging $800 per unit. Each home has a wooden storage building. There are 36 parking spaces available. A 30x40 pole barn with electricity is present on the property. A lagoon system is already in place. There are 9 new proposed units to be added. The property offers potential for expansion of an investment portfolio or multi-use development with built-in income.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Murphysboro
    County
    Jackson
    State
    Illinois
    Longitude
    -89.3234
    Latitude
    37.776

    Nearby Similar for Sale

    • $650,000

      Historic Murphysboro Event Center For Sale

      Historic building suitable for events, gaming, or mixed-use development.
      1329 WALNUT Street, Murphysboro, IL 62966
      View Details
    • $925,000

      Mobile Home Park with Expansion

      Income-producing mobile home park with expansion potential on 8.8 acres.
      111 Devan Drive, Murphysboro, IL 62966
      View Details
    • $925,000

      Income-Producing Mobile Home Park

      Mobile home park on 8.8 acres with income potential.
      111 Devan Drive, Murphysboro, IL 62966
      View Details
    • $99,900

      Murphysboro Duplex with Income Potential

      Ranch-style duplex in Murphysboro with two units and spacious yard.
      1020 S 22nd Street, Murphysboro, IL 62966
      View Details
    • $89,900
      1,701 SF

      Versatile Commercial Space in Murphysboro

      Adaptable commercial property suitable for various business or educational purposes.
      507 N 9th, Murphysboro, IL 62966
      View Details
    • $1,190,000

      Murphysboro Multifamily Investment Opportunity

      Multifamily property for sale in Murphysboro, Illinois.
      153 Youngman Rd, Murphysboro, IL 62966
      View Details
    • $1,190,000
      21,996 SF

      Murphysboro Multifamily Portfolio Investment Opportunity

      27-unit, six-property multifamily portfolio in Murphysboro, Illinois for sale.
      153 Youngman Rd, Murphysboro, IL 62966
      View Details
    • $225,000

      Updated Fourplex Investment Opportunity

      Four-unit property with recent updates in a rural setting.
      1457 W Lake Rd, Murphysboro, IL 62966
      View Details
    • $109,000
      2,016 SF

      Duplex Investment Opportunity

      Two-unit property ideal for rental income generation.
      2202 Illinois Ave, Murphysboro, IL 62966
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - Mobile home park on 8.8 acres with income potential.
    Where is this mobile home & rv park located?
    The property is located at 111 Devan Drive Murphysboro, IL.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: Income‑producing property with 8 existing mobile homes generating consistent rental income.; 8.8 acres of versatile land with room for expansion.; 9 new proposed units to be added.
    (618) 924-3644
    We can help!
    Listing Contact
    Robert Davenport
    Robert Davenport
    Real Estate License ID: 471019751
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    111 Devan Drive, Murphysboro, IL 62966
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!