Building Details

Year Built 2006

Listing Agency: Keller Williams Northern New York

Listed By: Noah Taylor · License #10401359495 Show Phone

Source: Skinnercnyrealty

Added: Sep 9 Changed: Oct 3 Last Checked: Oct 7 at 1:43PM

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Investment Insights

Based on property information with market context.

This mobile home park occupies 1.7 acres and contains four mobile homes. One seller-owned residence is occupied by a tenant, while the other three homes are tenant-owned and associated with lot-rent payments. The seller-owned home is located at the far-left position when viewing the property from the front.

Built in 2006, the property is situated at 28671 Martin Rd N in Evans Mills, New York. The site is minutes from local restaurants, schools, and Fort Drum, with access to the surrounding Evans Mills area. The existing mix of one landlord-owned home and three tenant-owned homes provides a defined operating structure for the mobile home park.

Key Highlights

• 1.7‑acre mobile home park property
• Four mobile homes are accommodated on site
• One seller‑owned home is tenant‑occupied

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$7,955

Cap Rate

4.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$159,100 $159.1K

Cap Rate 7%

$113,643 $113.6K

Cap Rate 9%

$88,389 $88.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,080 SF

Gross rent

$15.6K $14.40/SF

− Vacancy

−$1.1K −$1.01/SF

EGI

$14.5K $13.39/SF

− OpEx

−$6.5K −$6.03/SF

NOI

$8.0K $7.37/SF

Area

Jefferson County, NY

Vacancy

7.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$159,100

Cap Rate 7%

$113,643

Cap Rate 9%

$88,389

Alternative Uses

Best Use

Apartment 5plus

$113.6K

$99.4K – $132.6K (±1% cap)

NOI $7,955 @ 7.0% cap · market cap 4.55%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$297.7K

$260.5K – $347.3K (±1% cap)

NOI $20,840 @ 7.0% cap · market cap 11.91%

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

Property Analytics

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Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

51

Businesses Nearby

Explore this area Business Placement

Demographics for 13637, NY

4,980

Population

2,491

Households

2

Avg Household Size

27

Median Age

19%

College-Educated

95%

High-School Grad

35.2 sq mi

ZIP Area

141

Density / Sq Mi

$62,786

Median Household Income

$36,867

Median Earnings

$1,318

Median Rent

$189,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Mobile home & RV park - The property combines one occupied seller-owned home with three tenant-owned homes under a lot-rent arrangement.

Where is this mobile home & rv park located?

The property is located at 28671 Martin Rd N Evans Mills, NY.

What is the asking price?

The asking price for this property is $175,000.

What are key features of this property?

This property features: 1.7‑acre mobile home park property; Four mobile homes are accommodated on site; One seller‑owned home is tenant‑occupied