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    20510 US HIGHWAY 98 Dade City, FL 33523

    View on Map
    Pending
    $495,800

    Multi-Family 5+ - DADE CITY, FL

    Property size:
    4,808 SF
    Lot size:
    1.34 Acres
    Added:
    Feb 15, 2026
    Days on Market:
    52
    Last Refresh:
    Apr 8 at 6:06 pm

    Property Features for 20510 US HIGHWAY 98

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    R3
    Standard status
    Pending
    APN
    21-23-27-0090-02000-0000
    Size
    4,808 SF
    Lot size
    1.34 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5115.19

    Utilities

    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1998
    Building materials
    Frame, Metal Siding, Wood Siding
    Roof type
    Metal, Shake, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Greg DeLaRue

    Listing agent Greg DeLaRue License #3244582

    Listing office ELITE BROKERS, LLC 38008 Live Oak Avenue Ste No., SAN ANTONIO, FL

    Listing date Feb 15, 2026

    MLS# TB8476654 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dade City Multi-Family Investment

    This property in DADE CITY is an 8-unit mobile home park situated on 1.34 acres. The park is surrounded by trees, providing privacy. The property features 7 park-owned units and 1 tenant-owned unit. The unit mix includes 4 units with 2 bedrooms and 2 bathrooms, 1 unit with 2 bedrooms and 1 bathroom, and 2 units with 1 bedroom and 1 bathroom. The park has an annual occupancy rate of 97%. The property includes 1 well and 3 septic tanks. The location offers convenient access to amenities, with a Pasco County Public Transportation bus stop across from the park entrance on HWY 98. A Dollar General and Marathon gas station are within a 5-minute walk. Seller financing is available with 20% down, 8% interest, a 10-year term, and a 5-year balloon payment, subject to acceptable credit score and background check. The property is zoned R3 and has a total size of 4808 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Department Store Skin Care Clinic Food Market HVAC Service Grocery & Convenience Store Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dade City
    County
    Pasco
    State
    Florida
    Longitude
    -82.187906
    Latitude
    28.45745

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    FAQs

    What type of property is this?
    Mobile home & RV park - 8-unit mobile home park with high occupancy and seller financing.
    Where is this mobile home & rv park located?
    The property is located at 20510 US HIGHWAY 98 Dade City, FL.
    What is the asking price?
    The asking price for this property is $495,800.
    What are key features of this property?
    This property features: High occupancy rate (97%) indicating strong rental demand.; Seller financing available (20% down, 8%, 10‑year term, 5‑year balloon).; 8‑unit mobile home park on 1.34 acres, offering immediate income potential.
    (813) 312-3063
    We can help!
    Listing Contact
    Greg DeLaRue
    Real Estate License ID: 3244582
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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