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Asset Snapshot
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Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, Green Acre Village Mobile Home Park is a 30-site, all-age manufactured housing community on 2.99 acres along U.S. Route 77 in Ponca City, Oklahoma. The fee simple offering comprises 18 park-owned homes renting for $500 to $600 per month and 12 lot rent sites at $250, supporting $154,800 in gross potential rent. Based on the January to December 2025 P&L, the park generated $134,531 in effective gross income and $45,279 in NOI after a 45.7% vacancy and collection allowance. Reducing that allowance to 30% at current rents supports a pro forma NOI of $68,754, positioning occupancy and collections as the primary lever for a new owner. The park operates on city water and sewer, with water, sewer, electric, and gas billed back to residents and only trash paid by ownership, and is not subject to rent control. Ponca City is a regional employment center anchored by the Phillips 66 refinery, one of the largest in the United States with roughly 560 employees, along with ConocoPhillips, INTEGRIS Health Ponca City Hospital, and the Osage Nation. A local study found only 121 homes were built in the city over the past decade, prompting a $1 million housing incentive program that underscores demand for affordable rental housing.
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Location
Green Acre Village sits off N. 14th St. (U.S. Route 77) between Donald and Crawford Avenues, just north of E. Prospect Ave. in Ponca City's primary retail corridor. Walmart, Lowe's, Aldi, and Tractor Supply are clustered nearby, and 4,995 residents live within one mile. The site draws on a workforce tied to the Phillips 66 refinery, local healthcare, and manufacturing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
