Spencer Schelp / The MHP Broker®
Call / Text 217.823.3110
Mobile Home Park Brokerage — Off-Market & Full-Service

Off-market parks are my specialty. Full-service brokerage when you need it.

I'm Spencer Schelp, a broker with The MHP Broker®. My specialty is off-market mobile home parks — sold quietly, one buyer at a time — but I handle full-service brokerage too: listings, buyer representation, and valuations. I'm based in the Midwest (Illinois, Missouri, Iowa) and active across Indiana, Kansas, Nebraska, Arkansas, Kentucky, Ohio, Tennessee, Alabama, Georgia, Oklahoma, and Pennsylvania, with nationwide capability through The MHP Broker network. As an experienced 1031 exchangor — active in national, regional, and state exchange groups — I also structure seller financing and facilitate exchanges.

Free BOV in 24–48 hrsOff-market & on-marketNationwide via The MHP BrokerSeller financing & 1031 welcome
Free tool

Estimate the value in 30 seconds.

Enter four numbers for a fast, honest range. A full valuation accounts for more — I'll send the real one.

Quick Value Estimator

Based on stabilized income and a market cap rate.

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range —
Estimate only, not a formal valuation or appraisal. Assumes stabilized occupancy.
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Straight answers

Questions, answered.

Should I sell through a broker or off-market myself?
It comes down to whether a broker's higher price beats the 3–5% commission. Many owners test the off-market channel first, then list if no deal lands in 60–90 days. I work the off-market channel directly.
What is my mobile home park worth?
A park is valued on net operating income divided by a market cap rate. Small parks often trade between an 8 and 11 percent cap rate depending on utilities, occupancy, and location. Park-owned homes are valued separately on lot rent. A free BOV gives the real number.
What are the tax implications of selling?
Three tools: a 1031 exchange, an installment sale (IRC §453), and, for inherited parks, a stepped-up basis. I'm an experienced exchangor active in national, regional, and state exchange groups.
How does seller financing work?
You carry all or part of the price as a note secured by the park. Wider buyer pool, higher effective price, gain deferral. Covenants can require minimum NOI, DSCR, or occupancy.
How are park-owned homes valued?
On the lot rent they support — not the full home rent. The POH Equalizer method prices a park-owned home like a tenant-owned lot.
Do you handle off-market parks?
Off-market is my specialty — quiet sales, no public listing, one buyer at a time. But I'm full-service: I also handle on-market listings, buyer representation, and valuations. Coverage centers on the Midwest (Illinois, Missouri, Iowa) and extends across Indiana, Kansas, Nebraska, Arkansas, Kentucky, Ohio, Tennessee, Alabama, Georgia, Oklahoma, and Pennsylvania, with nationwide capability through The MHP Broker network.
Get in touch

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Whether you're buying, selling, or just want a number — reach out anytime.

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No gatekeepers.

Cell — call or text
217.823.3110
Fastest. Text is fine.
Office
217.413.4405
The MHP Broker®