Mobile Home and RV
For Sale
$749,000
11169 Eleanor Ave, Jacksonville, FL 32220
Income-producing residential property with five mobile homes and a single-family residence on an RLD-60-zoned site.
Property Size7,571 SF
Lot Size2.00 Acres
Price / SF$98.93
Days on Market29
Property Features for 11169 Eleanor Ave
General Information
Standard status
Active
Size
7,571 SF
Lot size
2.00 Acres
Property subtype
Multi-Family
Zoning
RLD-60
Additional Details
Cap Rate
11%
Highway Access
Yes
Multifamily Units
6
Building Details
Year Built
1985
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Listed By:
CARLA S BAHRI · License #609939
(904) 333-4472
Source:
Onewinningteam
Added: Aug 6
Changed: Aug 31
Last Checked: Aug 31 at 7:10PM
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 BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Investment Insights
Based on property information with market context.
This mobile home and RV park includes five mobile homes and one single-family residence across 2 acres. The property was built in 1985 and carries RLD-60 zoning. Reported performance includes an 11% cap rate.
The site is at 11169 Eleanor Ave in Jacksonville, Florida, with a storage facility directly across the street. Interstate 10 is minutes away, providing access to downtown Jacksonville and surrounding areas. The existing residential mix offers an established operating configuration for continued park use.
The site is at 11169 Eleanor Ave in Jacksonville, Florida, with a storage facility directly across the street. Interstate 10 is minutes away, providing access to downtown Jacksonville and surrounding areas. The existing residential mix offers an established operating configuration for continued park use.
Key Highlights
- Five mobile homes plus one single‑family residence
- 2‑acre site with RLD‑60 zoning
- Reported 11% cap rate
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
$56,013
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
7.48%
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%
$1,120,260
$1.1M
Cap Rate 7%
$800,186
$800.2K
Cap Rate 9%
$622,367
$622.4K
Market Conditions
NOI Build-Up for 7,571 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
$112.7K $14.88/SF
− Vacancy
−$10.8K −$1.43/SF
EGI
$101.8K $13.45/SF
− OpEx
−$45.8K −$6.05/SF
NOI
$56.0K $7.40/SF
Area
Jacksonville, FL
Vacancy
9.60%
Lease Rate
$14.88 /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%
$1,120,260
Cap Rate 7%
$800,186
Cap Rate 9%
$622,367
Alternative Uses
Best Use
Apartment 5plus
$800.2K
$700.2K – $933.6K
NOI $56,013 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,181 @ 7.0% cap · market cap 19.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 32220, FL
13,037
Population
5,223
Households
2.5
Avg Household Size
42
Median Age
18%
College-Educated
89%
High-School Grad
38.6 sq mi
ZIP Area
338
Density / Sq Mi
$80,236
Median Household Income
$41,243
Median Earnings
$1,188
Median Rent
$229,200
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 - Income-producing residential property with five mobile homes and a single-family residence on an RLD-60-zoned site.
Where is this mobile home & rv park located?
The property is located at 11169 Eleanor Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Five mobile homes plus one single‑family residence; 2‑acre site with RLD‑60 zoning; Reported 11% cap rate
