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79-Site Mobile Home Portfolio on 22.12 Acres 18100 Coker Rd 79 Unit Mobile Home Park $5,773,853 CAD ($73,087 CAD/Unit) 10.77% Cap Rate Shawnee, OK 74801



Investment Highlights
- 10.77% Blended Cap Rate – Strong in-place cash flow at a discounted portfolio price
- Prime OKC MSA Location – Strong demand drivers with proximity to I-40 and nearby casinos
- 79 Sites | ~82% Occupied – Immediate upside through lease-up and infill
Executive Summary
The Western Park Portfolio presents a rare opportunity to acquire two stabilized and value-add mobile home communities within the growing OKC MSA. Located in Bethel Acres, OK, just 30 miles east of Oklahoma City along I-40 and adjacent to Shawnee, this combined offering includes a total of 79 sites across Western Park I and Western Park II.
Western Park I consists of 59 sites across 16.95 acres and is currently 77% occupied, offering immediate upside through lease-up and infill. The property includes 31 park-owned homes valued at approximately $1,040,000, with 87% built in 2000 or newer. Utilities include lagoon sewer and rural water (park-paid), with tenants responsible for electricity.
Western Park II is a newer, low-maintenance community built in 2022, featuring 20 sites on 5.17 acres. The park is 95% occupied and consists entirely of 896 SF (16’x56’) 2 bed / 2 bath rental homes. Recent construction includes full interior build-outs, modern finishes, front porches, and dual-entry access. Infrastructure includes septic systems, rural water (park-paid), and tenant-paid electricity, with additional land available for expansion.
Together, the portfolio offers a strong blend of stabilized income and value-add potential, with a diverse mix of newer inventory and operational upside. The properties benefit from their location in a desirable community with strong schools and proximity to five casinos within a 7-mile radius, supporting consistent rental demand.
This is a unique opportunity to acquire scale within a tight geographic footprint, with both assets located within close proximity to one another.
Western Park I consists of 59 sites across 16.95 acres and is currently 77% occupied, offering immediate upside through lease-up and infill. The property includes 31 park-owned homes valued at approximately $1,040,000, with 87% built in 2000 or newer. Utilities include lagoon sewer and rural water (park-paid), with tenants responsible for electricity.
Western Park II is a newer, low-maintenance community built in 2022, featuring 20 sites on 5.17 acres. The park is 95% occupied and consists entirely of 896 SF (16’x56’) 2 bed / 2 bath rental homes. Recent construction includes full interior build-outs, modern finishes, front porches, and dual-entry access. Infrastructure includes septic systems, rural water (park-paid), and tenant-paid electricity, with additional land available for expansion.
Together, the portfolio offers a strong blend of stabilized income and value-add potential, with a diverse mix of newer inventory and operational upside. The properties benefit from their location in a desirable community with strong schools and proximity to five casinos within a 7-mile radius, supporting consistent rental demand.
This is a unique opportunity to acquire scale within a tight geographic footprint, with both assets located within close proximity to one another.
Property Facts
| Price | $5,773,853 CAD | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $73,087 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 22.12 AC |
| Cap Rate | 10.77% | Building Size | 50,000 SF |
| Sale Condition | Business Value Included | Average Occupancy | 82% |
| No. Units | 79 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2022 |
| Price | $5,773,853 CAD |
| Price Per Unit | $73,087 CAD |
| Sale Type | Investment |
| Cap Rate | 10.77% |
| Sale Condition | Business Value Included |
| No. Units | 79 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 22.12 AC |
| Building Size | 50,000 SF |
| Average Occupancy | 82% |
| No. Stories | 1 |
| Year Built | 2022 |
Amenities
Unit Amenities
- Sprinkler System
- Views
- Yard
- Garden
- Instant Hot Water
- Lawn
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walking/Biking Trails
1 1
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 000033010003001902 | Improvements Assessment | $6,058 CAD |
| Land Assessment | $5,882 CAD | Total Assessment | $11,940 CAD |
Property Taxes
Parcel Number
000033010003001902
Land Assessment
$5,882 CAD
Improvements Assessment
$6,058 CAD
Total Assessment
$11,940 CAD
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79-Site Mobile Home Portfolio on 22.12 Acres | 18100 Coker Rd
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