Value-Add MHC
Location on request
Asking price
1,800,000
Sites
100
Cap rate
7.49%
Price / site
18,000
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
- 108,000(1,080/site)
- A 8% cap rate at this asking price
- 144,000(1,440/site)
- A 10% cap rate at this asking price
- 180,000(1,800/site)
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 121 RV parks listings that do disclose one, cap rates run 7.49%–10.50% (median 9.00%). 8% sits inside that range. These are asking-price disclosures from this inventory, not verified sale comparables.
Add financing and run the full numbers →About this property
Property Details Sites 100+/- Star Rating 3 Deal Number 10318502 Utilities City Region Grand Canyon Target Price $1,800,000 Cap Rate 7.49% View Teaser & NDA Sean Thomas Director, Grand Canyon [phone — unlock to view] [email — unlock to view]
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 | 1,800,000 |
|---|---|
| Sites | 100 |
| Price per site | 18,000 |
| Cap rate | 7.49% |
| First seen by UnitListed | Sep 30, 2026 |
| Source page last checked | Sep 30, 2026 |
| Source last changed | Sep 30, 2026 |
Trade area
We have not resolved this listing to a US county yet, so there is no public-record context to show. This happens when a listing has no precise location, or sits outside the United States.
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.
Currency of the asking price — not disclosed
Is the asking price in US or Canadian dollars?
The source did not state one. A 25% error in your model is not a rounding difference.
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.
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
Site count and hookup mix — 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 30, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Sep 30, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
