Building Details

Building Size 980 SF

Year Built 1989

Stories 1

Listing Agency: Wendt Key Team Realty Ltd d***@gmail.com Show Phone

Listed By: Diann M Hamons Show Phone

Source: Kw

Added: Sep 12, 2025 Changed: Aug 22 Last Checked: Aug 25 at 5:01PM

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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

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 = 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

$7,857

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

5.91%

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%

$157,140 $157.1K

Cap Rate 7%

$112,243 $112.2K

Cap Rate 9%

$87,300 $87.3K

Market Conditions

NOI Build-Up for 980 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

$15.1K $15.36/SF

− Vacancy

−$768 −$0.78/SF

EGI

$14.3K $14.58/SF

− OpEx

−$6.4K −$6.56/SF

NOI

$7.9K $8.02/SF

Area

Summit County, OH

Vacancy

5.10%

Lease Rate

$15.36 /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%

$157,140

Cap Rate 7%

$112,243

Cap Rate 9%

$87,300

Alternative Uses

Best Use

Apartment 5plus

$112.2K

$98.2K – $131.0K (±1% cap)

NOI $7,857 @ 7.0% cap · market cap 5.91%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$240.5K

$210.4K – $280.6K (±1% cap)

NOI $16,835 @ 7.0% cap · market cap 12.67%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Mobile home & RV ...

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Building Supply Plumbing Service (Bike/Boat/Book/etc) Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Questions? Ask Rey

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What type of property is this? Where is this mobile home & rv parks located? What is the asking price? Find similar properties ... What are key features of this property?

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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