Waterfront 55+ Community
For Sale
$285,000
11147 102ND Way 212, Largo, FL 33773
Move-in ready 2BR/2BA home in active waterfront community.
Property Size1,317 SF
Lot Size40.77 Acres
Days on Market275
Property Features for 11147 102ND Way 212
General Information
Standard status
Active
Size
1,317 SF
Lot size
40.77 Acres
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$1,775
Building Details
Building Size
1,317 SF
Year Built
2020
Stories
1
Listing Agency:
(727) 285-3922
Listed By:
Debbie Kempf · License #3406875
(727) 285-3922
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 29 at 9:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Debbie Kempf
Investment Insights
Based on property information with market context.
Located in a 55+ waterfront community, this manufactured home, built in 2020 by Jacobsen, offers modern comfort and resort-style living. The property includes 2 bedrooms and 2 full baths. The kitchen features a walk-in pantry and abundant storage. A separate laundry room is also included. The home has a screened-in lanai and a 2-car carport. The landscaping is well-maintained, and the home includes upgraded features. Residents can enjoy amenities such as a heated lap pool, hot tub, and shuffleboard courts with waterfront views. A golf cart is included. The price includes a $55,000 share.
Key Highlights
- Waterfront 55+ Community
- Move‑in Ready 2020 Jacobsen Manufactured Home
- Includes $55,000 Share
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
$12,113
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
4.25%
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%
$242,260
$242.3K
Cap Rate 7%
$173,043
$173.0K
Cap Rate 9%
$134,589
$134.6K
Market Conditions
NOI Build-Up for 1,317 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
$23.7K $18.00/SF
− Vacancy
−$1.7K −$1.28/SF
EGI
$22.0K $16.72/SF
− OpEx
−$9.9K −$7.52/SF
NOI
$12.1K $9.20/SF
Area
Pinellas County, FL
Vacancy
7.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$242,260
Cap Rate 7%
$173,043
Cap Rate 9%
$134,589
Alternative Uses
Best Use
Apartment 5plus
$173.0K
$151.4K – $201.9K
NOI $12,113 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$342.6K
$299.7K – $399.7K
NOI $23,979 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
635
Businesses Nearby
Explore this area
Business Placement
Demographics for 33773, FL
17,494
Population
8,353
Households
2.1
Avg Household Size
48
Median Age
31%
College-Educated
91%
High-School Grad
5.1 sq mi
ZIP Area
3,430
Density / Sq Mi
$74,115
Median Household Income
$46,759
Median Earnings
$1,567
Median Rent
$280,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Move-in ready 2BR/2BA home in active waterfront community.
Where is this mobile home & rv park located?
The property is located at 11147 102ND Way 212 Largo, 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: Waterfront 55+ Community; Move‑in Ready 2020 Jacobsen Manufactured Home; Includes $55,000 Share
