Multifamily Property with Mobile
New
For Sale
$285,000
6800 Blk Rolling Hills Rd, Pensacola, FL 32505
Residential Income, Pensacola, FL
Property Size2,000 SF
Price / SF$142.50
Days on Market6
Property Features for 6800 Blk Rolling Hills Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Mobile Homes
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 2
Parking features
Driveway
Window features
Double Pane Windows
Accessibility
Accessible Approach with Ramp
Appliances
Refrigerator
Lot features
Interior Lot
Elementary school
Longleaf
Middle school
BEULAH
High school
Pine Forest
Directions
From Pine Forest Rd to Longleaf Drive, Right onto Rolling Hills Road
Standard status
Active
APN
401S301000004030
Size
2,000 SF
Taxes and HOA fees
Tax Description
BEG AT SE COR OF LT 1 NLY ALG E LI OF LT 1113 FT WLY 183 FT FOR POB CONT WLY 80 FT SLY PARL TO E LI OF LT 83 FT ELY AT RT ANG 80 FT NLY AT RT ANG 83 FT TO POB S/D OF LT 1 S/D OF LTS 1 & 2 OR 9044 P 149
Legal Description
BEG AT SE COR OF LT 1 NLY ALG E LI OF LT 1113 FT WLY 183 FT FOR POB CONT WLY 80 FT SLY PARL TO E LI OF LT 83 FT ELY AT RT ANG 80 FT NLY AT RT ANG 83 FT TO POB S/D OF LT 1 S/D OF LTS 1 & 2 OR 9044 P 149
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2022
Floors in Building
1
Number of units
3
Flooring type
Vinyl
Roof type
Wood
Listing Agency:
Better Homes And Gardens Real Estate Main Street Properties
(850) 912-4123
Listed By:
Angelia Green
(850) 292-2387
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 15 at 9:06AM
MLS# 688785
Copyright © 2026 Pensacola Association 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.
Investment Insights
Based on property information with market context.
This multifamily property includes two 2-bedroom, 1-bathroom mobile homes, one 1-bedroom, 1-bathroom mobile home, and an additional vacant lot. The homes total 2,000 square feet and were built in 2022. Interior features include vinyl flooring, refrigerators, central heating, and central air conditioning. A driveway and accessible approach with ramp are also provided.
The property includes mature trees and outdoor space, with public water service and a septic tank. It is positioned near shopping, dining, schools, and major roadways in Pensacola. The combination of multiple residential units and a separate vacant lot supports a range of multifamily ownership or rental configurations.
The property includes mature trees and outdoor space, with public water service and a septic tank. It is positioned near shopping, dining, schools, and major roadways in Pensacola. The combination of multiple residential units and a separate vacant lot supports a range of multifamily ownership or rental configurations.
Key Highlights
- Two 2‑bedroom, 1‑bathroom mobile homes
- One 1‑bedroom, 1‑bathroom mobile home
- Additional vacant lot included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,684
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$393,680
$393.7K
Cap Rate 7%
$281,200
$281.2K
Cap Rate 9%
$218,711
$218.7K
Market Conditions
NOI Build-Up for 2,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.4K $16.20/SF
− Vacancy
−$4.3K −$2.14/SF
EGI
$28.1K $14.06/SF
− OpEx
−$8.4K −$4.22/SF
NOI
$19.7K $9.84/SF
Area
Escambia County, FL
Vacancy
13.21%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$393,680
Cap Rate 7%
$281,200
Cap Rate 9%
$218,711
Alternative Uses
Best Use
Multifamily LT 5
$281.2K
$246.1K – $328.1K
NOI $19,684 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$258.2K
$225.9K – $301.2K
NOI $18,071 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$587.0K
$513.6K – $684.8K
NOI $41,088 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Explore this area
Business Placement
Demographics for 32505, FL
28,671
Population
12,278
Households
2.3
Avg Household Size
36
Median Age
14%
College-Educated
82%
High-School Grad
13.0 sq mi
ZIP Area
2,205
Density / Sq Mi
$41,039
Median Household Income
$27,950
Median Earnings
$1,053
Median Rent
$120,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three mobile homes and a vacant lot provide a flexible multifamily configuration with outdoor space and mature trees.
Where is this multifamily property located?
The property is located at 6800 Blk Rolling Hills Rd Pensacola, FL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom mobile homes; One 1‑bedroom, 1‑bathroom mobile home; Additional vacant lot included
