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    28313 Us Highway 27 Leesburg, FL 34748

    View on Map
    Sponsored
    Pending
    $2,500,000

    Multi-Family 5+ - LEESBURG, FL

    Property size:
    21,883 SF
    Lot size:
    6.81 Acres
    Days on Market:
    19
    Last Refresh:
    Mar 21 at 4:06 am

    Property Features for 28313 Us Highway 27

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    RMRP
    APN
    11-20-24-0003-000-01000
    Size
    21,883 SF
    Lot size
    6.81 Acres

    Utilities

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

    Building Details

    Year built
    1952
    Building materials
    Metal Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Mitch Feinsod
    Mitch Feinsod

    Cardinal Row Real Estate

    Listing agent Mitch Feinsod License #3288255

    Listing date Mar 2, 2026

    MLS# V4937792 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.

    Learn more

    Property Insight Report

    Overview

    Leesburg Multi-Family Investment Opportunity

    This 41-unit mobile home and RV park, designed for residents aged 55 and over, is located in Leesburg, FL. The gated community features a mix of park-owned mobile homes, tenant-owned mobile homes, investor-owned mobiles, block apartments, an office, and a block storage shed. The property has the capability of expanding to 69 pads. Currently operating with well and septic systems, city water and sewer connections are available at the curb. The park-owned units have been refurbished with mini-splits and solid countertops. An on-site manager is in place and interested in remaining. Amenities include laundry facilities, canopied trees, a fenced perimeter, and dual entrances. There is a waiting list for RV spots, indicating potential for additional RV spot development. The property includes 28 mobile homes, with 13 park-owned and 15 tenant-owned, 13 recreational vehicle spots, and a house with 2 apartments, plus an owner's RV. The property spans 6.81 acres and has a net operating income (NOI) of $230,000. Additionally, there are 5 fully renovated and rented units available for sale within the park for $200,000, with a lot rent of $500.00 per month. The zoning is RMRP.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The HUB Leesburg - MH ... Campground & RV Park

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Leesburg
    County
    Lake
    State
    Florida
    Longitude
    -81.881072
    Latitude
    28.759448

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    FAQs

    What type of property is this?
    Mobile home & RV park - 41-unit mobile home/RV park with expansion potential.
    Where is this mobile home & rv park located?
    The property is located at 28313 Us Highway 27 Leesburg, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - High NOI: $230,000 Net Operating Income indicates strong profitability.; - Expansion Potential: Capability of increasing to 69 pads offers significant growth opportunity.; - City Utilities Available: City water and sewer at the curb eliminates well and septic concerns and adds value.
    (386) 877-7033
    Request Owner's contact information
    28313 Us Highway 27 Leesburg, FL 34748
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    Leesburg, FL 34748
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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
    28313 Us Highway 27 Leesburg, FL 34748
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    We can help!
    Listing Contact
    Mitch Feinsod
    Mitch Feinsod
    Real Estate License ID: 3288255
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