Mobile Home Park
235 Fields Street Russellville, AR 72802
For Sale
$600,000
COMMERCIAL - Russellville, AR
Property Size4,864 SF
Lot Size4.23 Acres
Price / SF$123.36
Days on Market120
Property Features for 235 Fields Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
8
Standard status
Active
Size
4,864 SF
Lot size
4.23 Acres
Taxes and HOA fees
Tax Description
PT SE NE
Tax Annual Amount
2511
Building Details
Year built
2000
Floors in Building
1
Roof type
Metal, Shingle
Listing Agency:
Live.Love.Arkansas Realty Group
(479) 967-0133
Listed By:
Patti Melder
(479) 477-1295
Added: Mar 30
Changed: Jul 27
Last Checked: Jul 27 at 10:06AM
MLS# 26012278
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale mobile home park sits on 4.23 acres and includes 15 existing homes, along with two additional lots intended for future placement. The property also has a shop and three storage sheds, providing additional on-site utility and storage.
The asset is described as being just off Sparksford Drive, in a quiet, more private setting while still being minutes from town.
With a combination of current residences and added lots, the property’s layout supports continued occupancy and phased expansion using the space already included in the park.
The asset is described as being just off Sparksford Drive, in a quiet, more private setting while still being minutes from town.
With a combination of current residences and added lots, the property’s layout supports continued occupancy and phased expansion using the space already included in the park.
Key Highlights
- 4.23‑acre mobile home park with 15 existing homes plus 2 additional lots for future placement
- Investment property with immediate income potential from the 15 existing homes
- Includes a shop and three storage sheds for added on‑site utility
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.6k | $11.64 |
| − Vacancy | −$3.7k | −$0.77 |
| EGI | $52.9k | $10.87 |
| − OpEx | −$23.8k | −$4.89 |
| NOI | $29.1k | $5.98 |
4,864 SF · lease $11.64/SF/yr · vacancy 6.60% · expense 45.00%
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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - A 4.23-acre mobile home park with 15 existing homes, two additional lots, and on-site shop plus storage sheds.
Where is this mobile home & rv park located?
The property is located at 235 Fields Street 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 plus 2 additional lots for future placement; Investment property with immediate income potential from the 15 existing homes; Includes a shop and three storage sheds for added on‑site utility
