30-Space Mobile Home
For Sale
$158,000
1418 Pine St NE, Silverton, OR 97381
Age-restricted manufactured housing community with a clubhouse and municipal water and sewer service.
Property Size1,248 SF
Price / SF$126.60
Days on Market31
Property Features for 1418 Pine St NE
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Land
Additional Details
Utilities to Site
Yes
Amenities
community clubhouse
Building Details
Year Built
1074
Listing Agency:
Lennar Sales Corp
(503) 476-3846
Listed By:
Matin Real Estate
(503) 208-8406
Source:
Portlandrealestate
Added: Aug 10
Changed: Sep 8
Last Checked: Aug 26 at 12:51PM
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 Lennar Sales Corp
Investment Insights
Based on property information with market context.
This 30-space manufactured housing community serves residents age 55 and older and includes a small clubhouse. Built in 1974, the park is supported by city water and city sewer, providing municipal utility service for the property. Zoning is R-5, Low Density Residential.
Located at 1418 Pine Street in Silverton, Oregon, the community is approximately 15 miles northeast of Salem and has access to the Salem metropolitan area via OR-213. Silverton is a Willamette Valley community with approximately 10,500 residents and an economy supported by healthcare, education, agriculture, manufacturing, and tourism.
Located at 1418 Pine Street in Silverton, Oregon, the community is approximately 15 miles northeast of Salem and has access to the Salem metropolitan area via OR-213. Silverton is a Willamette Valley community with approximately 10,500 residents and an economy supported by healthcare, education, agriculture, manufacturing, and tourism.
Key Highlights
- 30‑space manufactured housing community
- Residents age 55 and older
- Small community clubhouse included
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
$8,827
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
5.59%
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%
$176,540
$176.5K
Cap Rate 7%
$126,100
$126.1K
Cap Rate 9%
$98,078
$98.1K
Market Conditions
NOI Build-Up for 1,248 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
$17.1K $13.68/SF
− Vacancy
−$1.0K −$0.82/SF
EGI
$16.0K $12.86/SF
− OpEx
−$7.2K −$5.79/SF
NOI
$8.8K $7.07/SF
Area
Marion County, OR
Vacancy
6.00%
Lease Rate
$13.68 /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%
$176,540
Cap Rate 7%
$126,100
Cap Rate 9%
$98,078
Alternative Uses
Best Use
Apartment 5plus
$126.1K
$110.3K – $147.1K
NOI $8,827 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$293.5K
$256.8K – $342.4K
NOI $20,546 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
Explore this area
Business Placement
Demographics for 97381, OR
16,313
Population
5,882
Households
2.8
Avg Household Size
40
Median Age
31%
College-Educated
92%
High-School Grad
110.0 sq mi
ZIP Area
148
Density / Sq Mi
$84,077
Median Household Income
$42,337
Median Earnings
$1,491
Median Rent
$497,700
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 - Age-restricted manufactured housing community with a clubhouse and municipal water and sewer service.
Where is this mobile home & rv park located?
The property is located at 1418 Pine St NE Silverton, OR.
What is the asking price?
The asking price for this property is $158,000.
What are key features of this property?
This property features: 30‑space manufactured housing community; Residents age 55 and older; Small community clubhouse included
