Listing Agency: NAI Iowa Realty Commercial - Cedar Rapids

Listed By: Kirk Hiland · License #B11254001

Source: Crexi

Added: Jul 21 Changed: Aug 28 Last Checked: Sep 7 at 12:20AM

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Investment Insights

Based on property information with market context.

This 20-unit RV park is offered for sale with 13 spaces currently occupied. The park is separately metered, and there are no homes owned by the park.

According to the provided information, rent is $160 per month per space. The stated NOI for 2017 is $21,710, reflecting an 11.8% cap rate as reported in the remarks.

The property provides a straightforward park layout with individual space metering, supporting independent utility responsibility for each rented space.

Key Highlights

• 20‑space RV park with 13 spaces currently occupied
• Each RV space is separately metered
• No park‑owned homes on the property

Property Analytics

Property Profile

Current Use

Mobile home & RV ...

Suggested Use

Top Pick Storage Facility Garden Center Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Pharmacy Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

65%

Occupancy

Location Intelligence

Trade Area within ½ mile

100

Businesses Nearby

Explore this area Business Placement

Demographics for 52142, IA

1,797

Population

813

Households

2.2

Avg Household Size

34

Median Age

26%

College-Educated

94%

High-School Grad

75.3 sq mi

ZIP Area

24

Density / Sq Mi

$48,718

Median Household Income

$26,319

Median Earnings

$869

Median Rent

$183,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this mobile home & rv parks located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Twenty-space RV park with 13 currently occupied and each space separately metered.

Where is this mobile home & rv park located?

The property is located at 404 Wadena Road Fayette, IA.

What are key features of this property?

This property features: 20‑space RV park with 13 spaces currently occupied; Each RV space is separately metered; No park‑owned homes on the property