Campgrounds, Recreational Vehicle (RV) Parks and Mobile Home Parks are all
considered in the same category. The reason for this is the way the income is derived.
All three property types are very hands on, requiring significant management from the
owner. Consequently, the income and expenses usually require a great deal of
analysis in order to project a reliable net income stream. Additionally, each property
may include income producing items, that are not real estate. These items must be
individually addressed and dealt with.
The value conclusion is based on market sales, but the sales are used more to extract
an overall capitalization rate than to estimate a unit value.
Appraising campgrounds and mobile home parks is challenging, but we enjoy them.
considered in the same category. The reason for this is the way the income is derived.
All three property types are very hands on, requiring significant management from the
owner. Consequently, the income and expenses usually require a great deal of
analysis in order to project a reliable net income stream. Additionally, each property
may include income producing items, that are not real estate. These items must be
individually addressed and dealt with.
The value conclusion is based on market sales, but the sales are used more to extract
an overall capitalization rate than to estimate a unit value.
Appraising campgrounds and mobile home parks is challenging, but we enjoy them.
 | |  | |  | |  | |  | |  |
| Dogwood Lakes Campground includes water slide, cabins, Clubhouse, put put golf course, pool, lakes, RV and tent campgrounds and much more. This was a very complex campground facility. |
_American
__Appraisers
___Corporation
__Appraisers
___Corporation
(502) 267-6320 Office
(502) 267-6344 Fax
10507 Watterson Tr., 2nd Flr
Louisville, KY. 40299
(502) 267-6344 Fax
10507 Watterson Tr., 2nd Flr
Louisville, KY. 40299
Nationwide real estate appraisal service
