Mobile Home and RV
New
For Sale
$122,500
140 Doyle Dr, Portland, TX 78374
Four RV spaces accompany two mobile homes and a garage, with one mobile home currently rented.
Property Size1,296 SF
Price / SF$94.52
Days on Market2
Property Features for 140 Doyle Dr
General Information
Standard status
Active
Size
1,296 SF
Total Parking Spaces
4
Occupancy
50%
Property Condition
Severity
Repairs Needed
Evidence
with a little tlc
Additional Details
Multifamily Units
2
Building Details
Year Built
1975
Buildings
3
Listing Agency:
AGM Real Estate
Listed By:
Alicia Garcia Montemayor · License #0484225
(361) 222-0116
Source:
Thebranchinc
Added: Sep 6
Last Checked: Sep 6 at 2:50PM
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 AGM Real Estate
Investment Insights
Based on property information with market context.
Located at 140 Doyle Dr in Portland, Texas, this mobile home and RV property includes two mobile homes, a garage, and one RV. The site is configured with 4 RV spots, while one mobile home is presently rented.
The 1,296-square-foot property was built in 1975. The second mobile home and garage require work, and all included improvements are offered in as-is condition. The sale includes both mobile homes, the garage, and one RV.
The 1,296-square-foot property was built in 1975. The second mobile home and garage require work, and all included improvements are offered in as-is condition. The sale includes both mobile homes, the garage, and one RV.
Key Highlights
- 4 RV spots included
- Sale includes 2 mobile homes, a garage, and 1 RV
- One mobile home is presently rented
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
$10,616
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
8.67%
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%
$212,320
$212.3K
Cap Rate 7%
$151,657
$151.7K
Cap Rate 9%
$117,956
$118.0K
Market Conditions
NOI Build-Up for 1,296 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
$22.1K $17.04/SF
− Vacancy
−$2.8K −$2.15/SF
EGI
$19.3K $14.89/SF
− OpEx
−$8.7K −$6.70/SF
NOI
$10.6K $8.19/SF
Area
San Patricio County, TX
Vacancy
12.60%
Lease Rate
$17.04 /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%
$212,320
Cap Rate 7%
$151,657
Cap Rate 9%
$117,956
Alternative Uses
Best Use
Apartment 5plus
$151.7K
$132.7K – $176.9K
NOI $10,616 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$664.8K
$581.7K – $775.7K
NOI $46,539 @ 7.0% cap · market cap 37.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Explore this area
Business Placement
Demographics for 78374, TX
20,281
Population
8,426
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
92%
High-School Grad
18.6 sq mi
ZIP Area
1,090
Density / Sq Mi
$81,580
Median Household Income
$43,110
Median Earnings
$1,492
Median Rent
$225,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Four RV spaces accompany two mobile homes and a garage, with one mobile home currently rented.
Where is this mobile home & rv park located?
The property is located at 140 Doyle Dr Portland, TX.
What is the asking price?
The asking price for this property is $122,500.
What are key features of this property?
This property features: 4 RV spots included; Sale includes 2 mobile homes, a garage, and 1 RV; One mobile home is presently rented
