Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Maine 8-Park Portfolio Opportunity Title is generated by Realmo AI

    291 North Ave, Skowhegan, ME 04976

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Portfolio of eight manufactured housing communities in Maine.

    Type:Mobile Home Park
    Lot size:
    85.00 Acres
    Added:
    Feb 26, 2026
    Days on Market:
    76
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 291 North Ave

    General Information

    Standard status
    Active
    Lot size
    85.00 Acres
    Property subtype
    Mobile Home Park

    We can help!

    Listing Contact
    Maxwell Baker

    Listing agent Maxwell Baker License #GA 335885

    Listing office The MHP Broker

    Listing date Feb 26, 2026

    Source Crexi

    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 The MHP Broker

    HighLights

    • Portfolio of 8 manufactured housing communities (216 lots) in Maine.
    • Significant revenue growth potential through lease‑up of 27 vacant park‑owned homes (POH) and infill of 60 vacant lots.
    • Current annual income of approximately $972,000 with a 9.59% CAP rate.
    • Seven of the eight communities are located within an hour's drive.
    • Majority of communities are serviced by city water and sewer.
    • Opportunity to acquire a portfolio with in‑place cash flow and value‑add potential.

    Overview

    The Maine 8-Park Portfolio features a collection of eight manufactured housing communities situated throughout Maine. The portfolio encompasses 216 lots across approximately 85 acres. The unit mix includes 69 occupied park-owned homes, 51 tenant-owned homes, 9 rent-to-own units, 27 vacant park-owned homes, and 60 vacant lots. The vacant park-owned homes offer an opportunity to increase revenue through lease-up, while the vacant lots provide infill upside. The majority of the communities are serviced by city water and sewer. The portfolio generates approximately $972,000 in combined annual income. Seven of the eight communities are within an hour’s drive, allowing for efficient management oversight. The portfolio is located within a state known for its strong demand for affordable housing, stable rental fundamentals, and limited new manufactured housing development. This offering represents a rare opportunity to acquire a 216-lot portfolio with in-place cash flow, infrastructure stability, and substantial value-add potential in one of New England’s most supply-constrained housing markets.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Skowhegan
    County
    Somerset
    State
    Maine
    Longitude
    -69.716568
    Latitude
    44.785869

    Nearby Similar for Sale

    • $199,000
      3,244 SF

      Island Avenue Commercial Opportunity

      Mixed-use property in downtown Skowhegan with high traffic and potential.
      14 Island Avenue, Skowhegan, ME 04976
      View Details
    • $497,000
      2,496 SF

      Established Tavern with Rental Income

      Turnkey tavern with a three-bedroom apartment in Central Maine.
      1 Waterville Road, Skowhegan, ME 04976
      View Details
    • $497,000
      2,496 SF

      Established Tavern with Apartment

      Turnkey tavern with 3-bedroom apartment in central Maine.
      1 Waterville Road, Skowhegan, ME 04976
      View Details
    • $209,000
      2,208 SF

      Commercial Building in Skowhegan, Maine

      Turnkey commercial building with high visibility and traffic count.
      162 North Avenue, Skowhegan, ME 04976
      View Details
    • $2,150,000
      17,870 SF

      Multifamily Investment Opportunity in Skowhegan

      Two buildings totaling 15 units for sale in Skowhegan.
      164 Madison Avenue, Skowhegan, ME 04976
      View Details
    • $2,150,000
      17,870 SF

      Skowhegan Multifamily Investment Opportunity

      15-unit multifamily property with renovation and income potential in Skowhegan.
      164 Madison Avenue, Skowhegan, ME 04976
      View Details
    • $395,000
      2,282 SF

      Multifamily Property with Vacant Lot

      Multifamily property with additional vacant lot for development.
      14 Dinsmore Street, Skowhegan, ME 04976
      View Details
    • $419,000
      2,728 SF

      Skowhegan Multifamily Investment Opportunity

      Four-unit apartment building in Skowhegan, Maine, near shopping and restaurants.
      18 Leavitt Street, Skowhegan, ME 04976
      View Details
    • $119,999
      1,440 SF

      Skowhegan Multifamily Investment Opportunity

      Two updated mobile homes on a single lot in Skowhegan.
      15,19 Adams Street, Skowhegan, ME 04976
      View Details
    • $1,755,000
      1,000 SF

      Skowhegan Mobile Home Park

      30-lot mobile home park on 4.82 acres.
      124 Dr Mann Road, Skowhegan, ME 04976
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - Portfolio of eight manufactured housing communities in Maine.
    Where is this mobile home & rv park located?
    The property is located at 291 North Ave Skowhegan, ME.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: Portfolio of 8 manufactured housing communities (216 lots) in Maine.; Significant revenue growth potential through lease‑up of 27 vacant park‑owned homes (POH) and infill of 60 vacant lots.; Current annual income of approximately $972,000 with a 9.59% CAP rate.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Maxwell Baker
    Real Estate License ID: GA 335885
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    291 North Ave, Skowhegan, ME 04976
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!