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    4800 Hwy West Jefferson, OH 43162

    For Sale
    $719,000

    Mobile Home Park w/ Add'l Income

    Property size:
    952 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity in West Jefferson, Ohio, presents a thriving mobile home park situated on a substantial 152,024.4 square foot lot at 4800 U.S. Hwy 40, zip code 43162. The property encompasses 22 mobile home lots, with 19 currently generating rental income, offering immediate cash flow. Three additional lots are available for development, presenting a significant value-add potential for future growth. Adding to the income stream are four rentable storage units. The property also includes a 952 square foot, three-bedroom, one-bathroom house with a newly installed roof (2023) and an attached two-car garage. The park's infrastructure includes its own on-site wastewater treatment facility. The asking price is $719,000, translating to $8.29 per square foot of the 86,684 square feet of net rentable area. The property was built in 1986 and is being sold "as is, where is," with curb offers only. Access will be granted upon acceptance of an offer. This is a remarkable opportunity to acquire a well-established, cash-flowing asset with significant upside potential in a rapidly developing area.

    Property Features for 4800 Hwy

    General Information

    Property type
    Specialty properties
    Square Feet
    952 SF

    Building Details

    Year Built
    1986
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    West Jefferson
    County
    Madison
    State
    Ohio
    Longitude
    -83.408792
    Latitude
    39.935781

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    FAQs

    What type of property is this?
    Specialty property - Mobile Home Park w/ Add'l Income
    Where is this specialty property located?
    The property is located at 4800 Hwy West Jefferson, OH.
    What is the asking price?
    The asking price for this property is $719,000.
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    4800 Hwy West Jefferson, OH 43162
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