Listing Agency: Century 21 Galloway Realty

Listed By: Jeffrey Tonkin · License #30TO0955654 Show Phone

Source: Nicholcityrealty

Added: Mar 10 Changed: Oct 25 Last Checked: Nov 4 at 1:10PM

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Investment Insights

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This property features 25 certified sites and frontage on Oneida Lake, bordering the Oswego County Recreational Trail. Public water has been installed, and public sewer is planned. The property includes a 3-bedroom home with a yard, lake view, and a large storage barn. The mobile home park is being sold with 6 existing single-wide trailers, 4 of which are currently rented. Potential uses include year-round tenants, vacation rentals, or snowbird tenants, with options for the park to provide housing or simply offer lot leases. The waterfront lot is suitable for developing a recreational area for tenants and has previously accommodated a dock for the owner's house.

Key Highlights

• Frontage on Oneida Lake with lake view from primary home
• 25 Certified Sites suitable for mobile homes or other development
• Public water just installed; public sewer coming soon

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,901

Cap Rate

2.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$278,020 $278.0K

Cap Rate 7%

$198,586 $198.6K

Cap Rate 9%

$154,456 $154.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,812 SF

Gross rent

$26.7K $14.76/SF

− Vacancy

−$1.5K −$0.81/SF

EGI

$25.3K $13.95/SF

− OpEx

−$11.4K −$6.28/SF

NOI

$13.9K $7.67/SF

Area

Oswego County, NY

Vacancy

5.50%

Lease Rate

$14.76 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$278,020

Cap Rate 7%

$198,586

Cap Rate 9%

$154,456

Alternative Uses

Best Use

Apartment 5plus

$198.6K

$173.8K – $231.7K (±1% cap)

NOI $13,901 @ 7.0% cap · market cap 2.81%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$361.4K

$316.3K – $421.7K (±1% cap)

NOI $25,300 @ 7.0% cap · market cap 5.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Location Intelligence

Trade Area within ½ mile

31

Businesses Nearby

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Demographics for 13044, NY

2,506

Population

1,216

Households

2.1

Avg Household Size

46

Median Age

13%

College-Educated

85%

High-School Grad

30.1 sq mi

ZIP Area

83

Density / Sq Mi

$69,300

Median Household Income

$44,153

Median Earnings

$883

Median Rent

$144,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Mobile home park with lake frontage and development potential.

Where is this mobile home & rv park located?

The property is located at 1298-1302 State Route 49 Constantia, NY.

What is the asking price?

The asking price for this property is $495,000.

What are key features of this property?

This property features: Frontage on Oneida Lake with **lake view from primary home**; 25 Certified Sites suitable for mobile homes or other development; Public water just installed; public sewer coming soon