Mobile Home Park Valuation

[Colin Valenta]

Is there a common method for accounting for the ages of mobile homes when considering the value of a mobile home park?  These homes are not parked owned.  However, I feel the age needs to be considered because as they age out it's going to fall on the park owner to likely replace the home and upgrade the electrical/pads for a new home.  This is in New York.  Other states might not have as much concern.  Thank you!