Park-Owned Mobile Home
For Sale
$395,000
4182 367 S Highway, Searcy, AR 72143
Commercial / Industrial, Searcy, AR
Property Size5,600 SF
Lot Size3.90 Acres
Price / SF$70.54
Days on Market191
Property Features for 4182 367 S Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
16
Directions
Go east on Main street until it turns into Highway 367. Property is on your right in-between Searcy and Mcrae
Subdivision
SEARCY
Standard status
Active
Size
5,600 SF
Lot size
3.90 Acres
Taxes and HOA fees
Tax Description
Parcel: 025-15001-000
Tax Annual Amount
1560
Legal Description
Parcel: 025-15001-000
Building Details
Year built
2005
Floors in Building
1
Listing Agency:
Dalrymple
(501) 268-2445
Listed By:
Austin Durham · License #EB00087797
(417) 425-9866
Added: Mar 19
Changed: Sep 16
Last Checked: Sep 25 at 5:06AM
MLS# 26010985
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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 park-owned mobile home community occupies 3.9 acres and includes 8 mobile homes within 15 existing sites. Six homes received full interior and exterior modernization in 2025, including flooring, roofs, windows, HVAC systems, appliances, skirting, and decks. The remaining two homes have completed roof and exterior work but need interior finishing. The property’s improvements include a 5,600-square-foot structure and date to 2005.
Located at 4182 367 S Highway in Searcy, Arkansas, the community offers an established mobile-home-park configuration with additional site capacity beyond the current homes. Recent capital work has addressed major building components and equipment across the homes, while the two partially completed units provide a defined renovation scope.
Located at 4182 367 S Highway in Searcy, Arkansas, the community offers an established mobile-home-park configuration with additional site capacity beyond the current homes. Recent capital work has addressed major building components and equipment across the homes, while the two partially completed units provide a defined renovation scope.
Key Highlights
- 8 park‑owned mobile homes across 15 existing mobile‑home sites
- 6 of 8 homes fully remodeled in 2025
- 2 homes have completed roofs and exterior work; interior finishing remains
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
$30,248
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
7.66%
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%
$604,960
$605.0K
Cap Rate 7%
$432,114
$432.1K
Cap Rate 9%
$336,089
$336.1K
Market Conditions
NOI Build-Up for 5,600 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
$59.1K $10.56/SF
− Vacancy
−$4.1K −$0.74/SF
EGI
$55.0K $9.82/SF
− OpEx
−$24.7K −$4.42/SF
NOI
$30.2K $5.40/SF
Area
White County, AR
Vacancy
7.00%
Lease Rate
$10.56 /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%
$604,960
Cap Rate 7%
$432,114
Cap Rate 9%
$336,089
Alternative Uses
Best Use
Apartment 5plus
$432.1K
$378.1K – $504.1K
NOI $30,248 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$896.1K – $1.19M
NOI $71,689 @ 7.0% cap · market cap 18.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 72143, AR
35,111
Population
14,948
Households
2.3
Avg Household Size
37
Median Age
27%
College-Educated
89%
High-School Grad
302.1 sq mi
ZIP Area
116
Density / Sq Mi
$55,522
Median Household Income
$33,315
Median Earnings
$851
Median Rent
$176,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Park-owned community with substantial 2025 renovations and additional sites available for occupancy.
Where is this mobile home & rv park located?
The property is located at 4182 367 S Highway Searcy, AR.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 8 park‑owned mobile homes across 15 existing mobile‑home sites; 6 of 8 homes fully remodeled in 2025; 2 homes have completed roofs and exterior work; interior finishing remains
