Building Details

Year Built 1988

Listing Agency: Barr Realty Inc.

Listed By: Stephen J Barr · License #RM419125 Show Phone

Source: Cummingsrealtors

Added: Oct 16 Changed: Oct 21 Last Checked: Oct 20 at 9:41PM

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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 Barr Realty Inc.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This mobile home property spans two adjoining lots with approximately 20.8 acres of mostly wooded land. Two doublewide rental pads are occupied under leases extending through December 2027. A vacant singlewide home and its pad are also included; the home needs work and could be replaced with another unit. The property is served by one well and two septic systems.

The larger tract comprises 11 acres and is enrolled in Act 319, with the sale contingent on the buyer maintaining that status. The adjoining 9-acre parcel is part of the same offering.

Key Highlights

• Two adjoining lots totaling 20.8 acres +/- of mostly wooded land
• Two occupied doublewide rental pads with leases through December 2027
• Vacant singlewide home and pad; home needs work and could be replaced

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,348

Cap Rate

3.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$226,960 $227.0K

Cap Rate 7%

$162,114 $162.1K

Cap Rate 9%

$126,089 $126.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,152 SF

Gross rent

$20.7K $18.00/SF

− Vacancy

−$104 −$0.09/SF

EGI

$20.6K $17.91/SF

− OpEx

−$9.3K −$8.06/SF

NOI

$11.3K $9.85/SF

Area

Lancaster County, PA

Vacancy

0.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$226,960

Cap Rate 7%

$162,114

Cap Rate 9%

$126,089

Alternative Uses

Best Use

Apartment 5plus

$162.1K

$141.9K – $189.1K (±1% cap)

NOI $11,348 @ 7.0% cap · market cap 3.24%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$386.0K

$337.8K – $450.4K (±1% cap)

NOI $27,023 @ 7.0% cap · market cap 7.72%

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

Property Analytics

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

Explore this area Business Placement

Demographics for 17555, PA

7,464

Population

2,154

Households

3.5

Avg Household Size

34

Median Age

15%

College-Educated

69%

High-School Grad

33.1 sq mi

ZIP Area

225

Density / Sq Mi

$108,010

Median Household Income

$52,959

Median Earnings

$1,484

Median Rent

$358,900

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 - Two occupied rental pads are complemented by a vacant singlewide home and a separate pad requiring work.

Where is this mobile home & rv park located?

The property is located at 422 424 & 428 SHIRKTOWN ROAD Narvon, PA.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Two adjoining lots totaling 20.8 acres +/- of mostly wooded land; Two occupied doublewide rental pads with leases through December 2027; Vacant singlewide home and pad; home needs work and could be replaced