Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2290 Roywoods Cir Woodville, FL 32362

    Sponsored
    For Sale
    $650,000

    MULTI_FAMILY - Other - Woodville, FL

    Property size:
    2,184 SF
    Lot size:
    10.00 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 20 at 2:06 pm

    Property Features for 2290 Roywoods Cir

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 4, Bathroom 2, Bedroom 11, Bedroom 5, Bathroom 7, Bedroom 6, Bedroom 12, Bathroom 5, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 6, Bedroom 1, Bedroom 10, Bathroom 8, Bathroom 9, Bedroom 7, Bedroom 2, Bedroom 9, Bedroom 8, Bedroom 4
    Bedrooms
    12
    APN
    12073-33-28-20-601-000-0
    Parking features
    Assigned
    Patio and Porch features
    Deck
    Exterior features
    Deck
    Size
    2,184 SF
    Lot size
    10.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Electric

    Building Details

    Floors in Building
    1
    Number of units
    8
    Flooring type
    Vinyl, Varies, Carpet
    Architectural style
    Other

    We can help!

    Listing Contact
    Bert Pope
    Bert Pope

    Bert Pope Realty, LLC (850) 933-2378

    Listing agent Bert Pope (850) 933-2378 License #3185584

    Listing date Feb 16, 2026

    MLS# 395931 Listing URL

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

    Learn more

    Overview

    High-Performing Income Property

    This high-performing income property, priced for immediate sale, features a strong existing cash flow with the potential to reach $10,000 per month. The retiring owner is seeking a quick exit, which is reflected in the pricing. The property includes four parcels totaling 10 acres. One parcel, located at 2280 Roy Woods Circle, features a 1973 mobile home with 2 bedrooms and 2 bathrooms, encompassing 820 square feet and currently renting for $1,050 per month. Another property at 2290 Roy Woods Circle is a 2,184 square foot home built in 1965 with 3 bedrooms and 2.5 bathrooms, renting for $2,050 per month. Additionally, 2158 Vereen Ln. has a 1995 mobile home with 3 bedrooms and 2 bathrooms, encompassing 840 square feet and renting for $800 per month. 2300 Roy Wood Circle is a vacant mobile home lot pad with a septic system. 2264 Vereen Lane is an RV pad renting for $350 a month. Another 2-acre parcel at 2260 Roy Woods Circle includes a 1985 mobile home with 3 bedrooms and 2 bathrooms, encompassing 960 square feet and renting for an unspecified amount. 2270 Roy Woods Circle is a 4/2 built in 1975 encompassing 1,680 square feet and renting for an unspecified amount. A 1.5-acre parcel at (2151)2155 Vereen Lane contains a 1972 unit with 2 bedrooms and 1 bathroom, encompassing 672 square feet and renting for $950 per month. The final 0.5-acre parcel at 2150 Vereen Lane features a 1971 unit with 780 square feet, renting for $550 per month, but requires a new drain field and has a roof leak on the addition. The current gross rents total $5,750 per month, with two mobile homes and the vacant pad currently unrented. All properties currently utilize a single well for water. City of Tallahassee water utilities are available on Woodville Highway. All units have their own septic systems.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Woodville
    County
    Leon
    State
    Florida
    Longitude
    -84.24033536
    Latitude
    30.27677023

    FAQs

    What type of property is this?
    Mobile home & RV park - Income property with strong cash flow and upside potential.
    Where is this mobile home & rv park located?
    The property is located at 2290 Roywoods Cir Woodville, FL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - High-performing income property with strong existing cash flow; - Potential to increase monthly income to $10,000; - Four parcels totaling 10 acres with multiple rental units and a vacant mobile home lot
    (850) 933-2378
    Request Owner's contact information
    2290 Roywoods Cir Woodville, FL 32362
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2290 Roywoods Cir
    Woodville, FL 32362
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2290 Roywoods Cir Woodville, FL 32362
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Bert Pope
    Bert Pope
    Real Estate License ID: 3185584
    (850) 933-2378
    Learn more
    Google sign-in failed. Please try again or use another login method.