Executive Summary

Park Place, located at 5803 Boulder Highway, Las Vegas, NV 89122, stands as one of the most compelling manufactured housing community (MHC) investment opportunities in the Western United States. As of 2026, the property is fully stabilized, maintaining 100% occupancy and delivering an 8.3% actual Cap Rate. For investors seeking an inflation-resilient asset in a pro-business, tax-advantaged environment, Park Place offers a rare combination of immediate cash flow and "forever continuous use" zoning flexibility.

To view the full listing details, please visit the official page at MobileHomeParkStore.com: Park Place Listing.

Core Investment Data

• Asking Price: $3,500,000 (Flexible: 50% interest available for $1,850,000)
• Cap Rate: 8.3% (Actual)
• Community Type: All Age
• Total Sites: 38 (100% Occupancy)
• Operating Expense Ratio: 18.2%
• Zoning: Unique "Forever Continuous Use" (Permits Mobile Homes, RVs, and Tiny Homes)

Market & Operational Advantages

In the current 2026 economic landscape, the Las Vegas real estate market remains a primary destination for capital. With the median home price in the valley remaining elevated, workforce housing demand has reached record levels. Park Place is strategically structured to meet this demand while maximizing investor returns.

• Free-Market Regulatory Environment: Nevada is a business-friendly state with zero state income tax and no state-mandated rent control. This allows operators to implement annual Cost of Living Adjustment (COLA) rent increases, effectively hedging against inflation and ensuring revenue growth tracks with economic trends.
• Zero-Marketing Overhead: The property operates with peak efficiency, maintaining a 100% occupancy rate supported by a long-standing waitlist of hundreds of applicants. This eliminates the typical advertising costs associated with property management, directly boosting the Net Operating Income (NOI).
• High-Traffic Visibility: Situated on a major arterial road, the property captures the attention of over 36,000 cars and 12,000 bus travelers daily. This constant exposure guarantees long-term visibility and a perpetual flow of prospective residents.
• Zoning Flexibility: Unlike many aging communities, Park Place benefits from "forever continuous use" zoning. This gives the owner the unique right to pivot between mobile homes, RV space rentals, and the addition of tiny homes, providing a significant "value-add" lever that is rarely found in urban Las Vegas.

Strategic Location Insights

Park Place is located just 7 miles from the Las Vegas Strip, placing it within a dense, walkable population hub. Residents enjoy seamless access to critical infrastructure, including public transit stops directly in front of the property, as well as proximity to city-managed recreation centers, pools, and fitness facilities across the street.

Frequently Asked Questions (FAQ)

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Q: Why is Park Place considered an inflation-proof investment?

A: Because Nevada lacks state-wide rent control, operators have the regulatory freedom to adjust rents annually in line with the Consumer Price Index (CPI) and local Cost of Living Adjustments (COLA).

Q: What makes the zoning at 5803 Boulder Highway unique?

A: The property holds a rare "forever continuous use" designation. This allows the owner to optimize the site mix by adding tiny homes, RV spaces, or additional manufactured homes without the zoning hurdles typically faced in dense urban Las Vegas.

Q: Is the property currently managing any vacancy?

A: No. Park Place is 100% occupied and manages its own waiting list. There are no current marketing or advertising costs required to keep the units filled.

Q: How does the Nevada real estate market impact this investment?

A: Nevada’s lack of state income tax is a primary driver of net in-migration from high-tax states. This steady influx of residents continues to fuel demand for affordable housing, particularly in the Las Vegas Valley.

Essential Investor Resources

For those conducting due diligence, the following resources provide critical market context:

• Mobile Home Park Store: Nevada Listings – Track current market inventory and pricing trends across the state.
• Nevada Revised Statutes Chapter 118B – Review the specific legal framework governing manufactured housing communities in Nevada.

Disclaimer: This listing is a confidential investment opportunity. Proof of funds is required for all inquiries. All financial data is based on information provided by the seller; investors are encouraged to perform their own independent due diligence, including professional property inspections, before finalizing any acquisition.

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