Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lake Goodwin Mobile Home Park Title is generated by Realmo AI

    17004 E Lake Goodwin Rd, Stanwood, WA 98292

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Mobile home park on Lake Goodwin with waterfront access.

    Type:Mobile Home Park
    Property size:
    808 SF
    Lot size:
    1.93 Acres
    Price / SF:
    $2,969/SF
    Added:
    Aug 15, 2024
    Days on Market:
    636
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 17004 E Lake Goodwin Rd

    General Information

    Standard status
    Active
    Size
    808 SF
    Lot size
    1.93 Acres
    Property subtype
    Mobile Home Park

    We can help!

    Listing Contact
    Dave Hilbert

    Listing agent Dave Hilbert License #WA 11415

    Listing office Real Estate 2000 Corporation

    Listing date Aug 15, 2024

    Source Crexi

    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 Real Estate 2000 Corporation

    HighLights

    • Prime waterfront location on Lake Goodwin with 100 feet of frontage and a large dock.
    • Twelve‑space mobile home park with potential to increase income.
    • Park‑owned mobile homes ensuring consistent revenue stream.
    • Additional income potential from renting out the one‑car garage with shop area.
    • Includes a 1‑bedroom, 1‑bath stick‑framed house with a two‑car covered carport.
    • Amenities include a three‑car garage and a 400 sq. ft. laundry facility with coin‑operated machines.

    Overview

    This mobile home park is located on Lake Goodwin, which spans over 530 acres. The property includes a twelve-space mobile home park featuring five double wides, six single wides, one RV space, and a stick-framed house with one bedroom and one bathroom. The house is 808 square feet and includes a two-car covered carport. The house and two of the mobile homes require repairs. All mobile homes are park-owned. The property includes 100 feet of waterfront with a large dock. Additional amenities include a three-car garage, a one-car garage with a shop area, and a 400 square foot laundry facility with two bathrooms, showers, and coin-operated washers and dryers. The park has blacktop roads and landscaping. All mobile homes are individually metered for power. Situated on two separate tax lots totaling 1.93 acres, many mobile homes offer western lake views. The property offers potential for increased income once the repairs are completed. The shop area could be rented out to generate extra income. The mobile homes have high resale values.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Auto Repair Shop Hotel & Motel Gym & Fitness Center Department Store Skin Care Clinic Food Market Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stanwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.2870883
    Latitude
    48.1505494

    Nearby Similar for Sale

    • $450,000

      Downtown Stanwood Building For Sale

      Rare corner lot building in downtown Stanwood, WA. Vacant.
      8614 271st Street NW, Stanwood, WA 98292
      View Details
    • $465,000
      1,225 SF

      Downtown Stanwood Office with Parking

      Turnkey office building in downtown Stanwood with ample parking.
      9527 271st St NW, Stanwood, WA 98292
      View Details
    • $390,000

      Iconic Stanwood Property For Sale

      Well-located property in historic downtown Stanwood with endless possibilities.
      8630 271st St, Stanwood, WA 98292
      View Details
    • $1,673,000
      4,357 SF

      Veterinary Clinic Investment Opportunity

      High-yield, corporate-backed veterinary clinic with NNN lease and annual rent increases.
      8500 Cedarhome Dr, Stanwood, WA 98292
      View Details
    • $1,700,000
      4,800 SF

      Stanwood Retail Property For Sale

      Retail property available for purchase in Stanwood, Washington.
      6996 265th St NW, Stanwood, WA
      View Details
    • $1,700,000
      4,800 SF

      Commercial Building For Sale

      4,800 square foot commercial building occupied by a tenant.
      6996 265th St NW, Stanwood, WA 98292
      View Details
    • $1,700,000

      Commercial Asset in Stanwood

      Stabilized commercial property with long-term tenant and high visibility.
      6996 265th St NW #101, Stanwood, WA 98292
      View Details
    • $1,200,000
      2,312 SF

      Bob's Market Deli Opportunity

      2,312 SF building in prime location with development potential.
      10206 State Route 532, Stanwood, WA 98292
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - Mobile home park on Lake Goodwin with waterfront access.
    Where is this mobile home & rv park located?
    The property is located at 17004 E Lake Goodwin Rd Stanwood, WA.
    What is the asking price?
    The asking price for this property is $2,399,000.
    What are key features of this property?
    This property features: Prime waterfront location on Lake Goodwin with 100 feet of frontage and a large dock.; Twelve‑space mobile home park with potential to increase income.; Park‑owned mobile homes ensuring consistent revenue stream.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dave Hilbert
    Real Estate License ID: WA 11415
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    17004 E Lake Goodwin Rd, Stanwood, WA 98292
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!