Property summary
This 8-unit mobile home park in Wapello, Iowa, presents a compelling investment opportunity with significant upside potential. Currently priced at $199,000, the property boasts a strong 12.53% cap rate and a net operating income (NOI) of $24,939. The park features 8 units, 15 pads, and a price per pad of $13,200. Currently, lot rent is $235 per month, significantly below the market average of $275-$325, allowing for substantial rent increases. Four units are park-owned and four are… tenant-owned, offering the potential for additional income through contract sales. The park is served by public utilities, with tenants responsible for direct billing. Ownership currently handles mowing and snow removal, with an on-site manager compensated accordingly. An adjacent 0.27-acre parcel is included in the sale, offering potential for infill development, although recent fire code changes may limit the number of usable lots. While public records indicate zoning for up to 15 lots, a more realistic estimate for infill is 10-12 usable lots. Financial projections, excluding infill, assume a gradual increase in lot rent to market rates over five years, with subsequent 5% annual increases. The sale includes four park-owned homes, which could be sold on a 5-year, interest-free contract for $800 per month, generating additional short-term revenue. This property offers a blend of immediate income and long-term growth potential.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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