Building Details

Building Size 980 SF

Year Built 1989

Stories 1

Listing Agency: Wendt Key Team Realty Ltd

Listed By: Diann M Hamons Show Phone

Source: Kw

Added: Sep 12, 2025 Changed: Oct 19 Last Checked: Oct 21 at 12:54AM

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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 Wendt Key Team Realty Ltd

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Investment Insights

Based on property information with market context.

This three-bedroom mobile home offers flexible living options, suitable for full-time residence or seasonal getaways. The property features a remodeled kitchen, complete with a gas stove and refrigerator. A screened porch enhances the living space, providing an area for relaxation and entertainment. The mobile home was originally designed with two bathrooms, and the master bath could be reconfigured to include a shower. Residents have access to a clubhouse located by an inground pool, which hosts events such as movie nights and gold cart poker runs. The community also provides a marina with lake access.

Key Highlights

• Inground pool with clubhouse and entertainment stage
• Marina with easy lake access
• Redone kitchen featuring newer gas stove and refrigerator

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,190

Cap Rate

6.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$163,800 $163.8K

Cap Rate 7%

$117,000 $117.0K

Cap Rate 9%

$91,000 $91.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 980 SF

Gross rent

$15.9K $16.20/SF

− Vacancy

−$984 −$1.00/SF

EGI

$14.9K $15.20/SF

− OpEx

−$6.7K −$6.84/SF

NOI

$8.2K $8.36/SF

Area

Ottawa County, OH

Vacancy

6.20%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$163,800

Cap Rate 7%

$117,000

Cap Rate 9%

$91,000

Alternative Uses

Best Use

Apartment 5plus

$117.0K

$102.4K – $136.5K (±1% cap)

NOI $8,190 @ 7.0% cap · market cap 6.16%

Second Best

—

—

no second resolved use

Theoretical Best

Retail

$349.2K

$305.6K – $407.5K (±1% cap)

NOI $24,447 @ 7.0% cap · market cap 18.40%

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

Property Analytics

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Open Analytics

Location Intelligence

Trade Area within ½ mile

502

Businesses Nearby

Explore this area Business Placement

Demographics for 43452, OH

13,443

Population

10,859

Households

1.2

Avg Household Size

52

Median Age

28%

College-Educated

93%

High-School Grad

46.2 sq mi

ZIP Area

291

Density / Sq Mi

$63,815

Median Household Income

$43,782

Median Earnings

$937

Median Rent

$206,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Mobile home with updated kitchen and screened porch.

Where is this mobile home & rv park located?

The property is located at 265 S Meachem Port Clinton, OH.

What is the asking price?

The asking price for this property is $132,900.

What are key features of this property?

This property features: Inground pool with clubhouse and entertainment stage; Marina with easy lake access; Redone kitchen featuring newer gas stove and refrigerator