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    Colquitt Mobile Home Park Opportunity Title is generated by Realmo AI

    228 E Grow St, Colquitt, GA 39837

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    New
    For Sale
    $499,900

    MULTI_FAMILY - Colquitt, GA

    Property size:
    25,300 SF
    Lot size:
    5.24 Acres
    Price / SF:
    $19/SF
    Added:
    May 28, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 2 at 6:06 pm

    Property Features for 228 E Grow St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Com NEC
    Bedrooms
    9
    Bathrooms
    6
    Rooms
    Bedroom 4, Bedroom 3, Bathroom 5, Bedroom 9, Bathroom 2, Bedroom 7, Bedroom 6, Bedroom 2, Bathroom 3, Bathroom 1, Bathroom 6, Bathroom 4, Bedroom 5, Bedroom 1, Bedroom 8
    Standard status
    Active
    APN
    C016 028000
    Size
    25,300 SF
    Lot size
    5.24 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    JIMBO'S MOBILE HOME PARK/5.24 ACS/13LD
    Tax Annual Amount
    2608

    Utilities

    Cooling system
    Wall/Window Unit(s), Window Unit(s)

    Building Details

    Floors in Building
    1
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Tommy Cangelosi

    Listing agent Tommy Cangelosi

    Listing office Landmark Realty and Investments, LLC 2001 N Patterson St., Valdosta, GA

    Listing date May 28, 2026

    MLS# 153832 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

    • Significant value‑add opportunity through repositioning, renovations, and operational improvements.
    • Substantial upside potential by increasing occupancy from the current 22.2%.
    • All 27 units are park‑owned, providing complete control over renovations and leasing.
    • Existing infrastructure is in place, including county water and sewer.
    • Utilities are separately metered and paid by tenants.
    • Located in Colquitt, GA.

    Overview

    This 27-unit mobile home park is located in Colquitt, GA. Situated on county water and sewer, the property presents a value-add opportunity. Currently, the park has a 22.2% occupancy rate, with one additional vacant unit considered rent-ready. This property is being presented as a repositioning opportunity with potential upside through renovations, lease-up, and operational improvements. Several vacant units require varying levels of rehabilitation, including flooring, paint, appliances, and general deferred maintenance. The infrastructure is in place, and the park has scale with 27 total park-owned units. There is a clear path to increasing occupancy and revenue for an investor willing to put capital and management into the property. The total property size is approximately 25300 square feet, situated on a 5.24-acre lot. Utilities are separately metered and paid by the tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ira's Helpful Services Food Processing Plant (PGC) Paramore Group ... Construction Company PGC Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Colquitt
    County
    Miller
    State
    Georgia
    Longitude
    -84.7254857
    Latitude
    31.1656832

    FAQs

    What type of property is this?
    Mobile home & RV park - 27-unit mobile home park in Colquitt, GA for sale.
    Where is this mobile home & rv park located?
    The property is located at 228 E Grow St Colquitt, GA.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Significant value‑add opportunity through repositioning, renovations, and operational improvements.; Substantial upside potential by increasing occupancy from the current 22.2%.; All 27 units are park‑owned, providing complete control over renovations and leasing.
    (229) 834-7131
    We can help!
    Listing Contact
    Tommy Cangelosi
    Request Owner's contact information
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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.

    More about this property
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