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    4-Unit Mobile Home Portfolio Title is generated by Realmo AI

    205 George Teston Rd - 4 Units, Nicholls, GA 31554

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    Picture of Mobile home & RV parks at 205 George Teston Rd - 4 Units, Nicholls, GA
    For Sale
    $360,000

    MULTI_FAMILY - Nicholls, GA

    Property size:
    7,000 SF
    Lot size:
    3.00 Acres
    Price / SF:
    $51/SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 4:06 pm

    Property Features for 205 George Teston Rd - 4 Units

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R
    Bedrooms
    13
    Bathrooms
    8
    Rooms
    Bedroom 13, Bedroom 4, Bathroom 6, Bedroom 8, Bedroom 3, Bedroom 5, Bedroom 9, Bathroom 5, Bathroom 1, Bedroom 10, Bedroom 6, Bathroom 4, Bedroom 7, Bathroom 7, Bathroom 8, Bedroom 1, Bedroom 12, Bathroom 2, Bedroom 11, Bathroom 3, Bedroom 2
    Standard status
    Active
    APN
    0176 078C, Multi
    Size
    7,000 SF
    Lot size
    3.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LL 422 6TH LD 1 ACRE TOMMY MEEKS RD, Multi
    Tax Annual Amount
    232

    Utilities

    Sewer type
    Septic Tank
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Well

    Building Details

    Floors in Building
    1
    Building materials
    Metal Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Caleb Ross
    Caleb Ross

    Listing agent Caleb Ross License #433083

    Listing office Canopy Realty Group 2904 N Oak St, Valdosta, GA

    Listing date Jun 3, 2026

    MLS# 153900 Listing URL

    Copyright © 2026 South Georgia MLS (Valdosta). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 4‑unit mobile home portfolio with one 4BR/2BA unit and three 3BR/2BA units
    • Currently 3 units occupied and 1 unit vacant and rent‑ready for immediate income potential
    • In‑place rents are $1,000, $1,000, and $600 per month; market rents support approximately $1,000 per unit
    • Recent capital improvements: two new metal roofs
    • Utilities include well water and septic tank sewer
    • Metal siding and metal roofing; cooling via wall/window A/C units

    Overview

    This for-sale mobile home portfolio includes four units in total: one 4-bedroom, 2-bath home and three 3-bedroom, 2-bath homes. Three units are currently occupied, and one unit is vacant and described as rent-ready for immediate occupancy. The property is situated on a 3-acre lot and totals approximately 7,000 square feet across the four homes. Recent capital improvements include two new metal roofs.

    The portfolio is located at 205 George Teston Rd in Nicholls, GA, with additional access referenced along George Teston Road and Tommy Meeks Road. The listing notes an R zoning designation. Existing rents are reported at $1,000, $1,000, and $600 per month, with market rents described as supporting approximately $1,000 per month per unit.

    For investors and buyers looking for a small residential income package, the unit mix offers both larger family-oriented layouts and multiple 3-bedroom options. With one unit identified as vacant and rent-ready, a new owner may be able to start leasing that home promptly while evaluating the occupied units. Tenant occupied status is noted; interior showings are allowed only when under contract and following DDP, and tenants should not be approached or disturbed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Nicholls
    County
    Coffee
    State
    Georgia
    Longitude
    -82.69597008
    Latitude
    31.51710633

    FAQs

    What type of property is this?
    Mobile home & RV park - One vacant, rent-ready unit plus three occupied homes create an income-focused mobile home portfolio for a new owner.
    Where is this mobile home & rv park located?
    The property is located at 205 George Teston Rd - 4 Units Nicholls, GA.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: 4‑unit mobile home portfolio with one 4BR/2BA unit and three 3BR/2BA units; Currently 3 units occupied and 1 unit vacant and rent‑ready for immediate income potential; In‑place rents are $1,000, $1,000, and $600 per month; market rents support approximately $1,000 per unit
    (904) 400-2069
    We can help!
    Listing Contact
    Caleb Ross
    Caleb Ross
    Real Estate License ID: 433083
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    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.

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