Manufactured Housing Community
For Sale
Contact for pricing
Pending
8010 Thompson Rd, Highlands, TX 77562
Two-park manufactured housing portfolio with 108 sites and ~98% occupancy, currently producing about $519,000 annual revenue.
Property SizeContact for details
Days on Market124
Property Features for 8010 Thompson Rd
General Information
Standard status
Pending
Property subtype
Mobile Home Park
Occupancy
98%
Additional Details
Business Included
Yes
Building Details
Units
108
Listing Agency:
Sunstone Real Estate Advisors - Houston
Listed By:
Brett Garner · License #9013678
Source:
Crexi
Added: May 7
Changed: Aug 8
Last Checked: Jul 30 at 12:25PM
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 Sunstone Real Estate Advisors - Houston
Investment Insights
Based on property information with market context.
Sunstone Real Estate Advisors presents Highlands Bay & Country Place MHP, a two-park manufactured housing portfolio totaling 108 sites offered as a single investment. The portfolio is currently operating at approximately 98% occupancy, supported by a diversified resident mix that includes both resident-owned and community-owned homes.
The assets are offered with a straightforward operating structure and meaningful scale relative to single-asset offerings in similar markets. Total annual revenue is approximately $519,000 based on current operations.
Underwriting reflects a disciplined stabilization and growth strategy focused on modest absorption of remaining vacancies, consistent annual rent increases, and normalized operating expenses under professional management. Revenue is projected to increase from approximately $519,000 currently to $1,137,121 by Year 5, with Net Operating Income projected to rise from approximately $252,000 to $829,115 by Year 5 as expense ratios improve from approximately 51% to 27%.
The assets are offered with a straightforward operating structure and meaningful scale relative to single-asset offerings in similar markets. Total annual revenue is approximately $519,000 based on current operations.
Underwriting reflects a disciplined stabilization and growth strategy focused on modest absorption of remaining vacancies, consistent annual rent increases, and normalized operating expenses under professional management. Revenue is projected to increase from approximately $519,000 currently to $1,137,121 by Year 5, with Net Operating Income projected to rise from approximately $252,000 to $829,115 by Year 5 as expense ratios improve from approximately 51% to 27%.
Key Highlights
- Two manufactured housing parks sold together as one portfolio with 108 total sites
- Approximately 98% occupancy currently, generating about $519,000 in total annual revenue
- Site‑weighted average lot rent of approximately $458 per month
Property Analytics
Property Profile
Current Use
Lease Details
98%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Explore this area
Business Placement
Demographics for 77562, TX
11,861
Population
4,184
Households
2.8
Avg Household Size
38
Median Age
12%
College-Educated
81%
High-School Grad
13.5 sq mi
ZIP Area
879
Density / Sq Mi
$63,636
Median Household Income
$39,712
Median Earnings
$1,190
Median Rent
$195,300
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 - Two-park manufactured housing portfolio with 108 sites and ~98% occupancy, currently producing about $519,000 annual revenue.
Where is this mobile home & rv park located?
The property is located at 8010 Thompson Rd Highlands, TX.
What is the asking price?
The asking price for this property is $10,250,000.
What are key features of this property?
This property features: Two manufactured housing parks sold together as one portfolio with 108 total sites; Approximately 98% occupancy currently, generating about $519,000 in total annual revenue; Site‑weighted average lot rent of approximately $458 per month
