Two-Site Mobile Home Park
440 John Garner Road, Sanford, NC 27332
For Sale
Contact for pricing
Portfolio includes two established mobile home parks with separate utility configurations and residential acreage.
Property Size9,870 SF
Price / SF$136.78
Days on Market105
Property Features for 440 John Garner Road
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Utilities to Site
Building Details
Stories
Units
Tenancy
Listing Agency:
Adcock Real Estate Services
Listed By:
Steve Malloy · License NC #180496
(800) 526-8373
Source:
Crexi
Added: Aug 2
Changed: Nov 1
Last Checked: Nov 12 at 8:33AM
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 Adcock Real Estate Services
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Investment Insights
Based on property information with market context.
This offering includes two mobile home parks with five single-wide homes at each location. The Sanford property encompasses 2.98 acres and uses well water with septic systems. The Linden holdings comprise three parcels totaling 3.38 acres, served by county water and septic. One Linden parcel is subject to a 20-foot utility easement along its west boundary.
Two homes at the Sanford park are currently vacant, allowing the next owner to establish new lease terms for those units. The properties are identified under rural agricultural zoning that allows mobile homes. Sanford is located in Lee County, while Linden is in Harnett County. Environmental health departments in both counties do not have information on the septic systems.
Two homes at the Sanford park are currently vacant, allowing the next owner to establish new lease terms for those units. The properties are identified under rural agricultural zoning that allows mobile homes. Sanford is located in Lee County, while Linden is in Harnett County. Environmental health departments in both counties do not have information on the septic systems.
Key Highlights
- Two mobile home parks with five single‑wide homes at each site
- Sanford property covers 2.98 acres with well water and septic
- Linden holdings include 3 parcels totaling 3.38 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,024
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,700,480
$1.7M
Cap Rate 7%
$1,214,629
$1.2M
Cap Rate 9%
$944,711
$944.7K
Market Conditions
NOI Build-Up for 9,870 SF
Gross rent
$164.6K $16.68/SF
− Vacancy
−$10.0K −$1.02/SF
EGI
$154.6K $15.66/SF
− OpEx
−$69.6K −$7.05/SF
NOI
$85.0K $8.61/SF
Area
Lee County, NC
Vacancy
6.10%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,700,480
Cap Rate 7%
$1,214,629
Cap Rate 9%
$944,711
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.42M
NOI $85,024 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,995 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
10
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
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Business Placement
Demographics for 27332, NC
36,020
Population
13,895
Households
2.6
Avg Household Size
38
Median Age
23%
College-Educated
87%
High-School Grad
107.1 sq mi
ZIP Area
336
Density / Sq Mi
$73,075
Median Household Income
$38,310
Median Earnings
$1,086
Median Rent
$224,000
Median Home Value
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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 - Portfolio includes two established mobile home parks with separate utility configurations and residential acreage.
Where is this mobile home & rv park located?
The property is located at 440 John Garner Road Sanford, NC.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two mobile home parks with five single‑wide homes at each site; Sanford property covers 2.98 acres with well water and septic; Linden holdings include 3 parcels totaling 3.38 acres
