Is there a "normal" price estimate per lot for buying a mobile home community?

[Rod Blunk]

I know that the answer depends on the cash on cash or ROI but is there any way to estimate a community value by a rule of thumb for a price per lot? In other words I am looking at three star park with potential to go to a four star. It has room for growth Currently just shy of 100 lots with a 95 occupancy. Current per lot estimate is at $25K per lot.

I have tried to determine if that is too high or about right. The other data cash on cash and ROI will be above 20% with growth potential. I just wanted to see if there are other ways to look at the park by the numbers. The community is all owner owned homes.

Thanks