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Property profile & analytics
OFF-MARKET
Commercial real estate

400 Perry St Hicksville, OH 43526

6.5 ac lot Built 1975
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a well-established mobile home park situated on a spacious 6.5-acre lot in Hicksville, Ohio. Conveniently located adjacent to the Defiance County Fairgrounds, this property boasts 29 total mobile home spaces, with 12 currently occupied. The current lot rent is $350 per month, with tenants responsible for water, sewer, and electricity costs. Trash removal is currently covered by the owner. Adding to the income stream, three of the mobile homes are owner-occupied, generating over $600 in monthly rental income. This translates to a significant existing cash flow with substantial upside potential. The property offers a unique opportunity for an investor seeking a strong return on investment in a well-located, established business. The large acreage provides ample room for expansion and future development, allowing for increased rental income and potential for additional units. This is a turnkey operation with established infrastructure and a proven track record. The property's proximity to the Defiance County Fairgrounds provides additional visibility and potential for increased occupancy. This is an ideal investment for those seeking a stable, cash-flowing asset with significant growth potential. The current occupancy rate presents a clear opportunity to increase revenue through strategic marketing and leasing efforts. The existing infrastructure is in place, minimizing initial capital expenditures. This property is priced to sell at $700,000.

Property profile
Verified
Property type Commercial real estate
Year built 1975
Lot 6.5 ac (283,140 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tinkham Mobile Home Park Campground & RV Park
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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