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Building Details

Year Built 2004

Buildings 2

Tenancy Multi

Listing Agency: Southern Magnolia Realty, LLC.

Listed By: Sarah E Renken · License #B22689 Show Phone

Source: Fiorellaavenue

Added: Jul 21 Changed: Oct 10 Last Checked: Oct 7 at 1:58PM

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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 Southern Magnolia Realty, LLC.

Investment Insights

Based on property information with market context.

This income-producing property combines an established mobile home park with two commercial buildings containing six units. The property includes 21 mobile home sites or units, and both the commercial component and mobile home park are reported at 100% occupancy. The improvements date to 2004, while the commercial buildings provide an additional revenue component within the same holding.

Located just off Highway 49 in Saucier, the property is positioned near Gulfport and within a designated Federal Opportunity Zone. Its commercial and residential income components offer distinct operating uses on one site, with an existing tenant base and established rental history. Buyer to verify all information.

Key Highlights

• 21‑unit mobile home park with 100% occupancy
• Two commercial buildings totaling 6 units
• Commercial property and mobile home park reported at 100% occupancy

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$90,241

Cap Rate

7.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,804,820 $1.8M

Cap Rate 7%

$1,289,157 $1.3M

Cap Rate 9%

$1,002,678 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,035 SF

Gross rent

$140.9K $14.04/SF

− Vacancy

−$12.0K −$1.19/SF

EGI

$128.9K $12.85/SF

− OpEx

−$38.7K −$3.85/SF

NOI

$90.2K $8.99/SF

Area

Harrison County, MS

Vacancy

8.50%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,804,820

Cap Rate 7%

$1,289,157

Cap Rate 9%

$1,002,678

Alternative Uses

Best Use

Retail

$1.29M

$1.13M – $1.50M (±1% cap)

NOI $90,241 @ 7.0% cap · market cap 7.52%

Second Best

Apartment 5plus

$801.7K

$701.5K – $935.3K (±1% cap)

NOI $56,119 @ 7.0% cap · market cap 4.68%

Theoretical Best

Healthcare Medical

$1.62M

$1.41M – $1.89M (±1% cap)

NOI $113,165 @ 7.0% cap · market cap 9.43%

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

Property Analytics

Current Use

Mobile home & RV ...

Suggested Use

Top Pick Big Box & Wholesale Store Real Estate Agency Plumbing Service Garden Center Pharmacy Nail Salon

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

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

85

Businesses Nearby

Explore this area Business Placement

Demographics for 39574, MS

14,049

Population

5,329

Households

2.6

Avg Household Size

40

Median Age

19%

College-Educated

87%

High-School Grad

213.1 sq mi

ZIP Area

66

Density / Sq Mi

$69,167

Median Household Income

$37,280

Median Earnings

$942

Median Rent

$191,500

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Income-producing property combines a mobile home community with attached commercial buildings and full occupancy near Gulfport.

Where is this mobile home & rv park located?

The property is located at 1741222 17412-22 Highway 49 Saucier, MS.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: 21‑unit mobile home park with 100% occupancy; Two commercial buildings totaling 6 units; Commercial property and mobile home park reported at 100% occupancy