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    Manufactured Home and Lot Site Park Title is generated by Realmo AI

    66 E Washington St, Sebree, KY 42455

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    Picture of Mobile home & RV parks at 66 E Washington St, Sebree, KY
    For Sale
    $195,000

    MULTI_FAMILY - Sebree, KY

    Lot size:
    4.00 Acres
    Added:
    May 13, 2026
    Days on Market:
    23
    Last Refresh:
    Jun 4 at 6:06 pm

    Property Features for 66 E Washington St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Lot size
    4.00 Acres

    Building Details

    Number of units
    8

    We can help!

    Listing Contact
    Monica Todd

    Listing agent Monica Todd

    Listing office EXP Realty 2303 Hurstbourne Village Drive Suite 300, Prospect, KY

    Listing date May 13, 2026

    MLS# 260254 Listing URL

    Copyright © 2026 Henderson Audubon 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.

    HighLights

    • 4 manufactured homes plus 4 lot sites
    • Located conveniently off Highway 41 in Sebree, Kentucky
    • Current total rent is $3,400 per month
    • Four owner units have new HVAC units recently installed

    Overview

    This for-sale manufactured home and lot site park includes four manufactured homes and four rental lot sites. The current total rent is $3,400 per month. The four owner units have new HVAC units that were installed recently, helping reduce near-term capital concerns for those homes.

    The property is conveniently situated right off the highway in Sebree, Kentucky, at 66 E Washington St. The combination of homes and lot sites offers flexibility for how tenants can be accommodated within the same overall community layout.

    For buyers seeking a mixed manufactured housing setup, this configuration provides both dwelling units and rentable lot sites in one package. Prospective tenants and operators should note that the asset’s income is tied to the four manufactured homes plus the four lot sites, with updated HVAC already completed for the owner-occupied units mentioned in the remarks. If you’re evaluating a small-scale rental community, this property’s established home count, lot site count, and recent HVAC improvements are the key practical details to review.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Auto Parts Store Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sebree
    County
    Webster
    State
    Kentucky
    Longitude
    -87.528769
    Latitude
    37.608284

    Nearby Similar for Sale

    • $325,000
      1,500 SF

      Flex Office with Storage Bays

      Flex property with a dedicated office and attached 10x30 storage bays on a high-traffic corridor.
      305 US Highway 41 N, Sebree, KY 42455
      View Details
    • $179,900
      5,000 SF

      Retail Storefront with Apartment

      Storefront with display windows, back rooms, storage, and an upstairs one-bedroom apartment with a separate main-street entrance.
      7101 E St. Rt. 56, Sebree, KY 42455
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - A manufactured home and lot site community with four homes and four sites, off the highway in Sebree, KY.
    Where is this mobile home & rv park located?
    The property is located at 66 E Washington St Sebree, KY.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: 4 manufactured homes plus 4 lot sites; Located conveniently off Highway 41 in Sebree, Kentucky; Current total rent is $3,400 per month
    (270) 635-1433
    We can help!
    Listing Contact
    Monica Todd
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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