Toledo Ohio MHC
Toledo, OH
Asking price
$2,950,000
Sites
—
Cap rate
—
Price / site
—
What it would have to earn
This listing does not publish an NOI, so its return cannot be computed. These are the figures it would need to hit at the asking price — a screen to take to the broker, not a claim about the property.
- A 6% cap rate at this asking price
- $177,000
- A 8% cap rate at this asking price
- $236,000
- A 10% cap rate at this asking price
- $295,000
Annual net operating income, before financing. Cap rates vary by asset class and market; these three are a range to screen against, not a market rate for this property.
Across 120 RV parks listings that do disclose one, cap rates run 7.48%–10.53% (median 9.00%). 8% sits inside that range. These are asking-price disclosures from this inventory, not verified sale comparables.
This asks about 16x the $188,500 median SBA loan approved for this asset class in this state, across 6 loans.
SBA figures are loan amounts approved, not sale prices — a loan covers only the financed part of a purchase, and most acquisitions are financed conventionally and never appear here. They describe what lenders committed to comparable businesses in this county, not what this property is worth.
About this property
Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, presents the offering to acquire Toledo Estates, a 125-total site, all-ages mobile home communit in the heart of Toledo, Ohio just two miles from the University of Toledo and centrally positioned less than 5 miles from both I-475 and I-75, providing residents quick and convenient access to all the surrounding dining, retail, shopping, area attractions and more that Toledo has to offer. The city of Toledo continues to distinguish itself as one of the Midwest’s most affordable housing markets, offering a compelling combination of attainable housing costs and stable renter demand. Toledo Estates prime infill position offers investors an attractive combination of durable workforce housing demand, belowreplacement cost pricing and a diversified regional economy. Toledo Estates presents a significant infill and revenue-growth opportunity. With 51 vacant homes and 39 vacant pads served by in-place infrastructure and rents below 2025 market average of $505, an operator with manufactured-housing expertise can rapidly rehab and sell/rent existing homes and bring in new homes, to lift occupancy, and drive substantial revenue growth. There is a clear path to accelerated stabilization and the opportunity represents a compelling return on invested capital. The asking price for the park is $2,950,000 ($23,600/site). Investment highlights Lot rents are well-below market averaging $441 with Toledo MSA rents averaging $505+. This represents an 11% discount to market and significant upside for new ownership post-stabilization. 51 vacant homes sit on the property representing immediate leasing upside. Infill homes onto the 39 vacant sites at market rates will significantly improve revenue, and allow ownership to move current tenants towards market rates. Excellent location just 5 miles west of downtown with a surrounding population of more than 650,000 residents and 12 miles to the Eugene F. Kranz Express Airport. https://www.crexi.com/properties/2708909/ohio-toledo-estates-mhc
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $2,950,000 |
|---|---|
| Address | 3019 Nebraska Avenue |
| First seen by UnitListed | Sep 23, 2026 |
| Source page last checked | Sep 23, 2026 |
| Source last changed | Sep 23, 2026 |
Trade area · Lucas, OH
5 of 6 availableContext about the county from the public record — not from the seller, and not a valuation. The seller's own figures are shown separately above and are never mixed with these.
Census records no rv parks and campgrounds in Lucas, OH, a county of 428,748 residents.
- Mapped competitors within 25 miles
- 27
- Residents per competing facility
- —
- Renter-occupied housing
- 38.3%
- Median SBA loan approved, this asset class
- $188,500
- SBA loans in this industry that charged off
- 0%
- FEMA composite risk rating
- Relatively Moderate
OpenStreetMap contributors · current
Census records no rv parks and campgrounds establishments in this county, so there is no ratio to compute. That can mean an unserved market or a county too small for Census to disclose.
US Census County Business Patterns + ACS · 2022 · county level
US Census ACS 5-year, table B25003 · 2023 · county level
SBA 7(a) and 504 FOIA loan disclosures · FY2010-FY2020 · state level
SBA 7(a) and 504 FOIA loan disclosures · FY2010-FY2020 · state level
FEMA National Risk Index · 2025 · county level
SBA figures are loan amounts approved, not sale prices — a loan covers only the financed part of a purchase, and most acquisitions are financed conventionally and never appear here. They describe what lenders committed to comparable businesses in this county, not what this property is worth.
Sources: US Census Bureau (County Business Patterns, American Community Survey), US Small Business Administration 7(a)/504 loan disclosures, FEMA National Risk Index, and © OpenStreetMap contributors. Public records describe a county, not this property.
Before you call the broker
8 things are not disclosed on this listing. These are the questions that would close the gap — specific to a park, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Site count and hookup mix — not disclosed
How many sites are there, and how many are full-hookup, partial or tent?
Full-hookup sites earn a multiple of what a tent site does. The count alone does not tell you the income.
Operating season and seasonal mix — not disclosed
Is this year-round or seasonal, and what is the split between seasonal, monthly and transient guests?
A seasonal park with a five-month window is a different business from a year-round one at the same annual revenue.
Utility infrastructure — not disclosed
Are water, sewer and electric municipal or private, and what condition is the infrastructure in?
A private septic or well at end of life is a capital item that can exceed a year of NOI, and it will not appear in the expenses.
Permits and non-conforming use — not disclosed
Is the current site count permitted, and is any of it legal non-conforming?
A park operating more sites than it is permitted for cannot be financed at the income it shows.
Asking price — disclosed
Currency of the asking price — disclosed
Whether the land is included — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 23, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Sep 23, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
