Current Use by Public Records
- Warehouses
Property Details for 11769 Mo-7
- Year built
- 1996
- Lot size
- 13.00 lot acres
- Property type
- Warehouses
- Property subtype
- Mobile home & RV parks
Description
Exceptional investment opportunity: Blueberry Ridge Mobile Home Park in Warsaw, Missouri, is offered at $1,550,000. This stabilized, value-add property boasts a 11.01% pro-forma cap rate and a strong $170,732 pro-forma NOI. Spanning 13 acres, the park includes 99 units, 86 occupied RV/mobile home pads, and 23 storage units. Built in 1996, the park features four buildings, including a 20-unit storage building with a shower house and fish cleaning station, a duplex/office building with a leased living unit, and a swimming pool with a pool house/event center and playground. The property also includes six lots in the Blueberry Ridge Phase 2 Subdivision, with two remaining for sale, and a storm shelter for tenants and subdivision lot owners. One double-wide mobile home is park-owned, with a rent-free life estate to the tenant. The park's prime location borders Army Corps of Engineers land and a 55,000-acre lake, offering significant recreational access. The high occupancy rate of 97% demonstrates the property's strong tenant base and potential for continued growth. Detailed financial information is available upon request.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Warsaw
- County
- Benton
- State
- Missouri
- Longitude
- -93.4854
- Latitude
- 38.2937
