The valuation of mobile home parks is both a function of the cash flow analysis and the interpretation of comparable sales data. We pay particular attention to the market for the rental of sites and the expense levels that are incurred to achieve the income. Occupancy levels of competing parks, as well as the subject historic occupancy, are critical to the financial success of the facility.
We consider historic and projected incomes, the actual improved pads, as well as the capacity of the site to be developed further in our analysis. We have prepared valuation opinions of dozens of mobile home parks and are comfortable in providing opinions of the market value of this property type. Central Pennsylvania has several levels of mobile home parks, including older, tired, run-down facilities with upside potential to newer, modern parks with state-of-the-art amenities. Our experience with this property type is extensive, and our work product is both thorough and accurate.