Two-Bedroom Mobile
For Sale
$105,000
120 N 350 W #225, American Fork, UT 84003
55+ community home with a den, covered parking, and a covered outdoor patio.
Property Size1,100 SF
Price / SF$95.45
Days on Market15
Property Features for 120 N 350 W #225
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Land
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
covered parking
ramp
covered patio
Building Details
Year Built
1977
Listing Agency:
R And R Realty LLC
(435) 640-7231
Listed By:
Midway Utah Real Estate Team
(435) 640-7231
Source:
Midwayutahrealestate
Added: Aug 16
Changed: Aug 30
Last Checked: Aug 30 at 5:24PM
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 R And R Realty LLC
Investment Insights
Based on property information with market context.
Built in 1977, this mobile home offers an estimated 1,100 square feet with 2 bedrooms, 2 bathrooms, a den or flex room, and a spacious living room. The additional room can serve as an office or hobby area. Exterior features include covered parking, an entry ramp, and a large covered patio.
The home is located in Seven C's, a 55+ neighborhood in American Fork, with shopping, dining, and entertainment nearby. I-15 is also accessible from the property. Park approval is required for all buyers before closing, with an accepted offer and meeting with the park office manager required before submitting the park application.
The home is located in Seven C's, a 55+ neighborhood in American Fork, with shopping, dining, and entertainment nearby. I-15 is also accessible from the property. Park approval is required for all buyers before closing, with an accepted offer and meeting with the park office manager required before submitting the park application.
Key Highlights
- 2 bedrooms and 2 bathrooms with a den or flex room
- Estimated 1,100 square feet; buyer to obtain independent measurement
- Built in 1977
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
$9,331
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
8.89%
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%
$186,620
$186.6K
Cap Rate 7%
$133,300
$133.3K
Cap Rate 9%
$103,678
$103.7K
Market Conditions
NOI Build-Up for 1,100 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
$17.8K $16.20/SF
− Vacancy
−$855 −$0.78/SF
EGI
$17.0K $15.42/SF
− OpEx
−$7.6K −$6.94/SF
NOI
$9.3K $8.48/SF
Area
Utah County, UT
Vacancy
4.80%
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%
$186,620
Cap Rate 7%
$133,300
Cap Rate 9%
$103,678
Alternative Uses
Best Use
Apartment 5plus
$133.3K
$116.6K – $155.5K
NOI $9,331 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$303.2K
$265.3K – $353.8K
NOI $21,226 @ 7.0% cap · market cap 20.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
817
Businesses Nearby
Explore this area
Business Placement
Demographics for 84003, UT
52,970
Population
16,441
Households
3.2
Avg Household Size
29
Median Age
50%
College-Educated
96%
High-School Grad
73.6 sq mi
ZIP Area
720
Density / Sq Mi
$120,262
Median Household Income
$41,591
Median Earnings
$1,692
Median Rent
$580,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - 55+ community home with a den, covered parking, and a covered outdoor patio.
Where is this mobile home & rv park located?
The property is located at 120 N 350 W #225 American Fork, UT.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: 2 bedrooms and 2 bathrooms with a den or flex room; Estimated 1,100 square feet; buyer to obtain independent measurement; Built in 1977
