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    Property profile & analytics

    56 Jefferson St Norwalk, OH 44857-1465

    • Mobile home & RV parks
    • 256 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $140,000
    Last Sale
    Jun 05, 2023
    $137,000
    Location Intelligence
    Property ID
    US66-6021159
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 56 Jefferson St

    Year built
    1955
    Lot size
    0.23 lot acres
    Property size
    256 SF
    Property type
    Mobile home & RV parks
    APN
    33-0160-04-037-0000
    APU
    330160040370000

    Description

    This privately owned, Class B mobile home park in Norwalk, Ohio, presents a compelling investment opportunity. Situated on a 29,700 sq ft lot at 56 Jefferson St, the property includes eight units: seven tenant-owned mobile homes and one park-owned mobile home currently generating $512 monthly income under the METRO Housing program. Two additional concrete pads are ready for mobile home placement, with existing septic and water lines; only electrical connections are needed. The park also features two RV spots with full hookups, currently generating income for six months of the year. Built in 1955 with ongoing renovations, the property boasts a current NOI of $27,981, yielding a 12.17% cap rate. Pro forma projections, based on potential lot rent increases to $300/month (most lots) and $250/month (one lot), and full utilization of the RV spots, indicate a significantly higher NOI of $42,437 and a potential cap rate exceeding 16%. The property's convenient online tenant portal facilitates absentee ownership. The permitted zoning is commercial. The asking price is $229,900, representing a price per pad of $22,990. This property offers immediate income and significant upside potential for a savvy investor. The high demand for RV spaces in the area further enhances the investment prospects.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $130,000

    • CAP approach

      CAP return
      Estimation
      6%
      $150,000
      6.5%
      $155,000
      7%
      $170,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $140,000
      Geo Method
      $170,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $190,000
      Retail
      $140,000
      Mixed-Use
      $155,000
      Hospitality
      $195,000
      Educational
      $190,000
      Residential Income
      $190,000
      Energy
      $185,000
      Income-Based Land
      $165,000
      Food Service
      $140,000

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Huron
    State
    Ohio
    Longitude
    -82.6262
    Latitude
    41.2424
    CBSA code
    35940
    CBSA name
    NORWALK, OH MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $644
    $6,220
    $6,680
    $12,900
    -
    $17,760
    $19,090
    $36,850

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      View Details

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    56 Jefferson St
    Norwalk, OH 44857-1465
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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
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