Mobile Home and RV Park with
For Sale
$575,000
3011 Lorraine Rd, Odessa, TX 79766
Commercial Sale, Odessa, TX
Property Size5,380 SF
Lot Size0.94 Acres
Price / SF$106.88
Days on Market72
Property Features for 3011 Lorraine Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Sterling Park Third Filing
Lot features
Corner Lot
Standard status
Active
APN
29986.01518.00000
Size
5,380 SF
Lot size
0.94 Acres
Taxes and HOA fees
Tax Annual Amount
650
Utilities
Water source
Well
Building Details
Year built
2022
Building materials
Metal Construction
Roof type
Composition
Listing Agency:
All City Real Estate Ltd. Co.
(866) 277-6005
Listed By:
Claudia Levario · License #0787233
(432) 661-9743
Added: Aug 3
Changed: Oct 8
Last Checked: Oct 13 at 9:06PM
MLS# 176614
Copyright © 2026 Odessa Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 0.94-acre mobile home and RV property includes five mobile homes, one RV hookup and a 30-by-30-foot shop. The homes, hookup and shop are currently leased. The property measures 5,380 square feet and was built in 2022, with metal construction, a composition roof and well water.
Key Highlights
- Five mobile homes, one RV hookup and a 30x30 shop
- All homes, the RV hookup and the shop are currently leased
- 0.94‑acre parcel with a reported property size of 5,380 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,632
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$872,640
$872.6K
Cap Rate 7%
$623,314
$623.3K
Cap Rate 9%
$484,800
$484.8K
Market Conditions
NOI Build-Up for 5,380 SF
Gross rent
$84.6K $15.72/SF
− Vacancy
−$5.2K −$0.97/SF
EGI
$79.3K $14.75/SF
− OpEx
−$35.7K −$6.64/SF
NOI
$43.6K $8.11/SF
Area
Odessa, TX
Vacancy
6.20%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$872,640
Cap Rate 7%
$623,314
Cap Rate 9%
$484,800
Alternative Uses
Best Use
Apartment 5plus
$623.3K
$545.4K – $727.2K
NOI $43,632 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$7.82M
$6.84M – $9.12M
NOI $547,492 @ 7.0% cap · market cap 95.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Explore this area
Business Placement
Demographics for 79766, TX
9,688
Population
3,516
Households
2.8
Avg Household Size
33
Median Age
10%
College-Educated
58%
High-School Grad
305.0 sq mi
ZIP Area
32
Density / Sq Mi
$70,965
Median Household Income
$41,913
Median Earnings
$1,100
Median Rent
$151,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Five leased homes, an RV hookup and a separate shop support current rental use.
Where is this mobile home & rv park located?
The property is located at 3011 Lorraine Rd Odessa, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Five mobile homes, one RV hookup and a 30x30 shop; All homes, the RV hookup and the shop are currently leased; 0.94‑acre parcel with a reported property size of 5,380 square feet
