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dizposition

Sell your rv & mobile home park

Manufactured housing communities and RV parks. Below-market lot rents, private water and sewer, and homes that have not moved in decades.

RV & Mobile Home Park at a glance

Typical deal size
$1M – $20M
Lease structure
Owner-operated; residents rent pads under lot leases
Typical term
Month-to-month or annual lot leases
Escalations
Annual lot rent increases, subject to state and local law
Equity LifeStyle PropertiesSun CommunitiesYES! CommunitiesRHP PropertiesHometown AmericaIndependent operators

Overview

What rv & mobile home parks are really worth

Our read

A manufactured housing community is a land lease business. In the strongest parks the residents own their homes and rent only the lot beneath them, and because moving a home is expensive — and many older homes cannot be moved at all — residents stay. When they sell, the home usually stays too, and the buyer takes over the lot. That is why lot rent is among the most durable income in real estate.

The second half of the thesis is supply. Very few municipalities approve new parks, and a large share of existing ones are legal non-conforming uses. Demand for affordable housing keeps rising; the stock of places to put a manufactured home does not.

What breaks parks is underneath them. Private wells, lagoons, package treatment plants, and master-metered utilities age quietly until they fail or a regulator notices. Rent rules and resident rights, which vary sharply by state and municipality, can cap what an owner is permitted to do about it.

Valuation

How we underwrite it

The method

We underwrite home ownership first. A park of resident-owned homes renting lots is a different asset from a park of park-owned rentals, and most of the value sits in the first.

Utilities come next, and they get the most diligence. Who owns the water and sewer systems, how old they are, what the regulators have said about them, and who pays the bills. A master-metered park paying residents' utilities out of lot rent has an expense line that needs its own underwriting.

Lot rent is measured against the local market and against the law. Below-market rent is real value, but how fast it can move depends on state and local rules, resident income, and notice requirements, and we underwrite the path honestly rather than assume it.

RV sites are valued separately from manufactured housing lots. Transient RV revenue prices like hospitality; long-term RV residents price closer to housing and may carry similar protections. We need to know which you have.

What moves the number

  1. 01Who owns the homes — a park where residents own their homes and rent the lot is a fundamentally different and more durable business than one full of park-owned rentals
  2. 02Utility infrastructure and who pays for it, since private water and sewer systems and master-metered utilities are the largest hidden liabilities in the sector
  3. 03Lot rent relative to the local market, which defines how much room the rent roll has and how fast it can responsibly move
  4. 04State and local law on rent increases, notice periods, and resident purchase rights, which can cap upside entirely
  5. 05Density, lot size, and whether lots can accommodate modern double-wide homes
  6. 06Age and condition of the homes in place, since homes too old to move or finance determine what happens when a resident leaves

Capital markets today

10-yr Treasury
5.24%
4.12% a year ago
SOFR
3.87%
4.2% a year ago
30-yr mortgage
7.28%
6.3% a year ago
CRE loan delinquency
1.53%
1.57% a year ago
CRE prices, YoY
6.58%
-2.7% a year ago

Sources: FRED DGS10, 2026-10-01 · FRED SOFR, 2026-10-01 · FRED MORTGAGE30US, 2026-10-01 · FRED DRCRELEXFACBS, 2026-04-01 · FRED COMREPUSQ159N, 2026-01-01

Diligence

What a buyer actually looks at in a rv & mobile home park

  1. Check 01

    Water, sewer, and septic systems — ownership, age, and regulatory history

    Many parks run private systems. A private water system serving enough people is regulated as a public water system, and an aging lagoon or package plant can carry a cost larger than a year of lot rent.

  2. Check 02

    Utility billing — master-metered versus submetered

    A park that pays residents' water, sewer, or power out of lot rent is carrying expense that should be underwritten as such. Converting to submetering is often regulated and not always possible.

  3. Check 03

    Park-owned homes versus resident-owned homes

    Park-owned homes are rental housing with maintenance, turnover, and depreciation. Resident-owned homes are rarely moved, which is what makes lot rent so durable.

  4. Check 04

    State and local rent, notice, and sale laws

    Some jurisdictions restrict lot rent increases, and some states require notice to residents or give them an opportunity to purchase before a sale. These rules can affect both the price and the timeline.

  5. Check 05

    Rent roll, delinquency, and abandoned homes

    Delinquency and abandoned homes are common in older parks. The rent roll on paper and the cash actually collected are often different numbers.

  6. Check 06

    Zoning status and non-conforming use

    Many older parks are legal non-conforming uses. New parks are difficult to entitle, which is the scarcity, but a lapse in use or a change in density can be hard to reverse.

Backfill risk

What happens if the tenant leaves

The tenant-goes-dark scenario

A manufactured housing community does not backfill the way a commercial building does, because residents rarely leave in the usual sense. Moving a manufactured home is expensive, and many older homes cannot be moved at all. When a resident sells, the home usually stays on the lot and the buyer takes over the lot lease. That is what makes the lot rent so durable.

Supply is constrained in most markets. Very few jurisdictions approve new manufactured housing communities, and existing parks are frequently legal non-conforming uses. The combination of sticky demand and no new supply is the core of the asset's value.

The pressure runs through infrastructure and regulation. Private water and sewer systems age, and their failures are expensive and closely regulated. Some states and municipalities restrict rent increases or give residents rights in a sale, and those rules can define what an owner can actually do.

RV parks behave differently. Transient RV sites turn over constantly and price like hospitality; long-term RV residents can look more like manufactured housing tenants, sometimes with similar legal protections. Knowing which business you are actually running matters to the value.

Why this matters to you

Every buyer prices the tenant-goes-dark scenario, whether or not they say so out loud. It is the largest hidden input into the cap rate you get offered.

Understanding it before you go to market is the difference between negotiating and being negotiated with.

Who sells to us

Situations we see most often

  • Owner who has kept lot rents well below market for years and is ready to step back
  • Family that bought the park decades ago and no longer wants to manage residents and utilities
  • Owner facing a water or sewer system failure or regulatory order they will not fund
  • Operator carrying park-owned homes that are expensive to maintain and hard to sell
  • RV park owner whose long-term guests have quietly become permanent residents

Buy box

What we buy

  1. 01Manufactured housing communities and RV parks, $1M to $20M
  2. 02Below-market lot rents and long-held family parks
  3. 03Private water and sewer systems
  4. 04Parks with park-owned homes or abandoned units

Process

How selling to Dizposition works

The full process
  1. Day 0

    01

    Send us the property

    Address, asset type, and the lease if there is one. That is enough for us to start.

  2. 02

    We underwrite it

    Our underwriting runs the income against current market pricing and the cost of capital. No lowball anchor.

  3. 10 minutes

    03

    You get a firm offer

    In 10 minutes, with the math shown. You will know exactly how we got there.

  4. As fast as 30 days

    04

    Close on your timeline

    As fast as 30 days, or as slow as you need. We are the principal, so the date is yours.

FAQ

Selling a rv & mobile home park

My lot rents are well below market. Will a buyer just raise them?

Below-market rent is real value, and we are honest that a buyer prices that in. How fast rent can move depends on state and local law, resident income, and frankly how the owner wants the community treated after the sale. Tell us what matters to you and we will be specific about our plan.

The park has its own water and sewer system. Is that a problem?

It is common and it is usually the largest single diligence item. What matters is the age and condition of the system, its regulatory history, and whether municipal connection is possible. We price the system rather than walk from it.

We own a lot of the homes in the park. Does that affect value?

Yes. Park-owned homes are rental housing — they carry maintenance, turnover, and depreciation that resident-owned homes do not. They can still have value, but we underwrite them separately from the lot rent.

Do I have to notify residents before selling?

In some states, yes — certain states require notice to residents or give them an opportunity to make an offer before a park is sold. Check your state's rules early, because it affects the timeline. We have no problem working within those requirements.

How long does it take to sell a commercial property to Dizposition?

You get a firm written offer within 10 minutes of sending us the property. If you accept, you can close in as little as 30 days — most of that is title work and your own timeline. There is no listing period, no marketing, and no waiting on a buyer's financing contingency.

Can I sell my property as-is?

Yes. We are the buyer, so there is no lender requiring repairs and no inspection contingency to renegotiate against you. Deferred maintenance, a failing roof, an aging tank system — we price it into the offer rather than asking you to fix it first.

Can I sell with a tenant in place?

Yes, and in most cases a tenant makes the property more valuable to us, not less. We will ask for the lease, a rent roll, and any estoppel certificates. You do not need to deliver the property vacant.

What if my lease is short-term or about to expire?

Short remaining term is one of the main reasons owners come to us. A conventional buyer needs lease term to get financing, which is why short-dated assets sit on the market. We underwrite the real estate and the backfill prospects rather than the remaining term alone.

What if the property is vacant?

We buy vacant assets. Pricing shifts from an income approach to what the building and land are worth to the next user, which is a different calculation — but it is one we do routinely rather than one that disqualifies the property.

Do I need a broker to sell to you?

No. We buy directly, and there is no commission because there is nothing to market. If you already have a broker, we will pay them. Selling without one saves the commission, but you should understand you are also giving up price discovery — a broker's job is to find out whether someone will pay more than we will.

What documents do I need to get an offer?

The address and the lease are enough to start. To finalize, we will want the rent roll, the last two years of operating statements, the title commitment, any existing survey, and any environmental reports you already have. You do not need an appraisal or a broker package.

How do you determine your offer?

We underwrite in-place income against what the space would re-lease for, adjust for capital needs and any environmental tail, and apply a cap rate supported by comparable transactions. We show you the inputs. If you disagree with an assumption, we would rather argue about the assumption than about the number.

What are typical seller closing costs?

Title and escrow fees, any transfer or recording tax owed in your state, prorated property taxes, and payoff of any existing debt. Because we are the buyer, there is no commission and no marketing cost. Transfer tax varies significantly by state and is often the largest single line.

Will I owe capital gains tax when I sell?

Usually yes, on the gain above your adjusted basis, and depreciation recapture is taxed separately from appreciation. State treatment varies. This is a question for your CPA before you sign, not after — the structure of the sale can change the answer.

Can I do a 1031 exchange?

Yes. A 1031 exchange lets you defer federal capital gains by reinvesting in like-kind property, subject to a 45-day identification window and a 180-day closing window from the date you sell. You must have a qualified intermediary in place before closing — it cannot be arranged afterward. Most states conform to federal treatment, but a few do not.

Can I sell if I am behind on payments or facing foreclosure?

Yes, and speed is the reason to move early rather than late. We can close on a defined date, which is what a lender or a receiver generally needs to see. Send us the payoff figure and any notices you have received.

Can I sell a property I inherited or that is in probate?

Yes. Probate sales take longer because the court timeline governs, not ours, and multiple heirs need to agree on the price before anything can close. We are used to working around both. Inherited property also generally receives a stepped-up basis, which can change the tax math substantially.

What if there is environmental contamination?

Send it anyway. Environmental history is one of the most common reasons a conventional sale falls apart, and it is one of the reasons owners call us. We price the remediation and the residual liability into the offer rather than walking away at the Phase II.

Is there any cost or obligation to get an offer?

None. There is no fee, no listing agreement, and no obligation to accept. If our number does not work for you, you keep the underwriting we showed you and we part ways.

Markets

Top markets we buy rv & mobile home parks in

10-minute offer

Ready to sell your rv & mobile home park?

Send us the property and the lease. You'll have a firm offer, with the math shown, in 10 minutes.