Property profile

0 Lexie Ln Front Royal, VA 22630

OFF-MARKET
Mobile home & RV parks
36.56 ac lot
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 36.56-acre mobile home park in Front Royal, Virginia. The property boasts 24 units, including 20 park-owned homes: 8 from the late 1980s, 9 from the late 1990s, and 3 from the mid-2000s. All park-owned homes are renovated and in good condition, featuring two- and three-bedroom layouts with two bathrooms each. Three tenant-owned homes are also on the property. Further enhancing the investment potential is one vacant lot ready for a new mobile home, plus six additional lots under construction (2/3 complete, including a new drain field), with two ready for immediate development. Convenient auxiliary structures include a spacious pole barn and a two-bay garage. The asking price reflects the progress on the six new lots. The property's APN is 19-120C and includes a conveyed County Conditional Use Permit. This turnkey operation offers significant potential for long-term growth and is priced at $2,700,000. Interested parties should be prepared to provide proof of qualifications and sign a confidentiality agreement before viewing financial information. All relevant documents are available.

Property profile

Verified
Property type Mobile home & RV parks
Lot 36.56 ac (1,592,554 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Lexie Ln Front Royal, VA 22630
Front Royal metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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