Mobile Home Park with Expansion
For Sale
$600,000
235 Fields St, Russellville, AR 72802
Includes existing homes, additional placement lots, a shop, and storage sheds.
Property Size4,864 SF
Lot Size4.23 Acres
Price / SF$123.36
Days on Market30
Property Features for 235 Fields St
General Information
Standard status
Active
Size
4,864 SF
Lot size
4.23 Acres
Additional Details
Multifamily Units
15
Amenities
shop
storage sheds
Building Details
Year Built
2000
Listing Agency:
Live.Love.Arkansas Realty Group
(479) 477-1295
Listed By:
Patti Melder
Source:
Themoverealty
Added: Jul 31
Changed: Aug 28
Last Checked: Aug 28 at 8:09PM
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 Live.Love.Arkansas Realty Group
Investment Insights
Based on property information with market context.
Set across 4.23 acres, this mobile home park includes 15 existing homes and two additional lots prepared for future placement. On-site improvements also include a shop and three storage sheds. The property was built in 2000.
The park is located at 235 Fields St in Russellville, Arkansas, just off Sparksford Drive and minutes from town. Its setting is described as quiet and private while remaining near local services.
The park is located at 235 Fields St in Russellville, Arkansas, just off Sparksford Drive and minutes from town. Its setting is described as quiet and private while remaining near local services.
Key Highlights
- 4.23‑acre mobile home park with 15 existing homes
- Two additional lots prepared for future home placement
- Includes a shop and three storage sheds
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
$29,084
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
4.85%
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%
$581,680
$581.7K
Cap Rate 7%
$415,486
$415.5K
Cap Rate 9%
$323,156
$323.2K
Market Conditions
NOI Build-Up for 4,864 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
$56.6K $11.64/SF
− Vacancy
−$3.7K −$0.77/SF
EGI
$52.9K $10.87/SF
− OpEx
−$23.8K −$4.89/SF
NOI
$29.1K $5.98/SF
Area
Pope County, AR
Vacancy
6.60%
Lease Rate
$11.64 /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%
$581,680
Cap Rate 7%
$415,486
Cap Rate 9%
$323,156
Alternative Uses
Best Use
Apartment 5plus
$415.5K
$363.6K – $484.7K
NOI $29,084 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$777.1K
$680.0K – $906.7K
NOI $54,399 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Explore this area
Business Placement
Demographics for 72802, AR
22,752
Population
9,687
Households
2.3
Avg Household Size
39
Median Age
32%
College-Educated
90%
High-School Grad
137.7 sq mi
ZIP Area
165
Density / Sq Mi
$61,664
Median Household Income
$37,206
Median Earnings
$887
Median Rent
$196,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Includes existing homes, additional placement lots, a shop, and storage sheds.
Where is this mobile home & rv park located?
The property is located at 235 Fields St Russellville, AR.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 4.23‑acre mobile home park with 15 existing homes; Two additional lots prepared for future home placement; Includes a shop and three storage sheds
