Fully Occupied Mobile Home
For Sale
$1,800,000
300 W Rabbit Cove Rd, West Tawakoni, TX 75474
Seller-owned units and annual leases provide a clearly defined operating structure.
Property Size5,424 SF
Price / SF$331.86
Days on Market89
Property Features for 300 W Rabbit Cove Rd
General Information
Standard status
Active
Size
5,424 SF
Occupancy
100%
Building Details
Year Built
1980
Listing Agency:
Worth Clark Realty
Listed By:
Priscilla Velarde · License #0811286
(800) 991-6092
Source:
Yourdavisteam
Added: Jul 20
Changed: Oct 2
Last Checked: Oct 7 at 1:07PM
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 Worth Clark Realty
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Investment Insights
Based on property information with market context.
This mobile home park in West Tawakoni is reported at 100% occupancy, with all units owned by the seller. Annual leases establish the stated rental framework for the property, while seller ownership supports direct control of the units and operations.
Built in 1980, the property is located at 300 W Rabbit Cove Rd, West Tawakoni, TX 75474. The asset is presented as an operating mobile home park with occupied units and an established leasing structure.
Built in 1980, the property is located at 300 W Rabbit Cove Rd, West Tawakoni, TX 75474. The asset is presented as an operating mobile home park with occupied units and an established leasing structure.
Key Highlights
- 100% occupied mobile home park
- All units owned by the seller
- Annual leases in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,477
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,649,540
$1.6M
Cap Rate 7%
$1,178,243
$1.2M
Cap Rate 9%
$916,411
$916.4K
Market Conditions
NOI Build-Up for 5,424 SF
Gross rent
$167.9K $30.96/SF
− Vacancy
−$18.0K −$3.31/SF
EGI
$150.0K $27.65/SF
− OpEx
−$67.5K −$12.44/SF
NOI
$82.5K $15.21/SF
Area
Hunt County, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,649,540
Cap Rate 7%
$1,178,243
Cap Rate 9%
$916,411
Alternative Uses
Best Use
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,477 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$5.39M
$4.72M – $6.29M
NOI $377,273 @ 7.0% cap · market cap 20.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 75474, TX
16,010
Population
7,115
Households
2.3
Avg Household Size
44
Median Age
17%
College-Educated
82%
High-School Grad
105.3 sq mi
ZIP Area
152
Density / Sq Mi
$66,299
Median Household Income
$35,770
Median Earnings
$1,101
Median Rent
$169,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Seller-owned units and annual leases provide a clearly defined operating structure.
Where is this mobile home & rv park located?
The property is located at 300 W Rabbit Cove Rd West Tawakoni, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 100% occupied mobile home park; All units owned by the seller; Annual leases in place
