1325 Market St - Residential LAND FOR SALE


Meeker, CO 81641 | 85,970 SF
$775,000 USD
303-669-2475
1325 Market St, Meeker, CO for Sale
$775,000 USD
Residential LAND - FOR SALE
1/5
85,970 SF

1325 Market St
Meeker, CO 81641


HIGHLIGHTS

  • Management fees well above market — normalizing to industry standard adds ~$27K to NOI at closing
  • Vacant and underutilized units represent straightforward lease-up opportunity
  • Bookkeeping and administrative costs well above market for a collection this size
  • Majority of TOH lots at below-market rents — organic growth as leases roll at expiration
  • RV pad infrastructure supports conversion to long-term residential use — significant NOI upside

OVERVIEW

Pinnacle Real Estate Advisors presents 1325 Market St. — a 17-unit manufactured housing community in Meeker, Colorado, offering a diversified mix of 8 tenant-owned home lots, 4 park-owned homes, 4 RV spaces, staff housing, and vacant units. The property provides multiple sources of residential income and benefits from Meeker’s supply-constrained affordable housing market, where limited competing inventory supports continued demand for workforce housing. River View MHP currently generates $48,180 in annualized NOI at a 6.22% cap rate, with a clear path to $61,646 in stabilized NOI at a 7.95% cap rate. The property offers near-term upside through lease-up of vacant units, bringing existing rents toward market levels, and optimizing management and operating expenses.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/ACRE

$392,688/AC

PRICE/SF

$9 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

River View MHP

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

-

LAND ACRES

1.97 AC

LAND SF

85,969 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

R002795

ASK ABOUT THIS PROPERTY

David BarocasPinnacle Real Estate AdvisorsMore Info
303-669-2475

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David BarocasPinnacle Real Estate AdvisorsMore Info
303-669-2475

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.