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    Booker Street Edgewater, FL 32141

    View on Map
    Picture of Mobile home & RV parks at Booker Street, Edgewater, FL
    Pending
    $8,645,000

    LAND - Edgewater, FL

    Lot size:
    137.00 Acres
    Added:
    Mar 20, 2023
    Days on Market:
    1109
    Last Refresh:
    Apr 1 at 5:06 pm

    Property Features for Booker Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    8413-00-00-0060
    Lot size
    137.00 Acres

    Taxes and HOA fees

    TaxYear
    2022
    TaxDescription
    13 18 34 IRREG PARCEL IN GOVT LOT 4 BEING MEAS 950.08 FT ON S/L & 660 FT ON W/L & 684.72 FT ON N/L & 704.75 FT ON E/L W OF DIXIE HWY PER OR 2651 PG 1345 EXC N 352.32 FT OF S 1057.13 FT OF E 300 FT WEST OF HWY PER OR 5354 PG 1106 PER OR 7235 PG 4751 PER OR 8040 PG 0296
    TaxAnnualAmount
    8433

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Kelley Desoto
    Kelley Desoto

    Listing agent Kelley Desoto License #3012908

    Listing office Ocean Properties and Mgmt., Inc. 3500 S Atlantic Ave, New Smyrna Beach, FL

    Listing date Mar 20, 2023

    MLS# 1107057 Listing URL

    Copyright © 2025 Daytona Beach Area 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.

    Overview

    Edgewater, FL RV Resort Land

    This is a 137 acre RV resort development opportunity located in Edgewater, Florida. The site offers 368 potential RV sites. The property consists of vacant land with a small lake. Engineered site plans, wetland studies, and surveys are completed. The sale includes multiple parcels. The property has frontage on US HWY 1, Booker Street, and Clinton Cemetery Road. It is located in the City of Edgewater, in close proximity to the Indian River and nearby public boat launches. Electric, water, and gas are nearby. The property is adjacent to Direct Marine & RV Dealership and close to Boston Whaler Boat Mfg. & Magic Tilt Trailers. It is approximately 8 miles south of New Smyrna Beach, FL, and 30 miles north of Titusville, FL. Major roadways include US Hwy 1 frontage, and I95 is approximately 6.5 miles away. All proposed site plans and future zoning are pending final approval.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.908456
    Latitude
    28.922299

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    FAQs

    What type of property is this?
    Mobile home & RV park - 137 acre RV resort development opportunity in Edgewater, Florida.
    Where is this mobile home & rv park located?
    The property is located at Booker Street Edgewater, FL.
    What is the asking price?
    The asking price for this property is $8,645,000.
    What are key features of this property?
    This property features: RV Resort Development Opportunity: **368 +/- RV sites on 137 +/- acres.**; **Prime Location:** US HWY 1 frontage in Edgewater, Florida.; Completed Studies: Engineered site plans, wetland studies, and surveys are completed.
    (386) 428-0975
    We can help!
    Listing Contact
    Kelley Desoto
    Kelley Desoto
    Real Estate License ID: 3012908
    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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