Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2620 Reynolds Rd Lakeland, FL 33801

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,200,000

    Mobile home park in Lakeland, Florida with rental upside.

    Lot size:
    2.55 Acres

    Property Features for 2620 Reynolds Rd

    General Information

    Lot size
    2.55 Acres

    We can help!

    Listing Contact
    Enon Winkler
    Enon Winkler
    Source: Moodyscre

    Listing Agent: Enon Winkler

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Lakeland Mobile Home Park Opportunity

    This mobile home park is located in Lakeland, Florida, situated midway between Tampa and Orlando. The property presents an immediate rental upside opportunity, with current lot rents approximately $131 per month below market rates compared to neighboring communities. There is also an immediate infill opportunity with one remaining vacant lot available to be filled. The property offers the potential to achieve a total operating income of $207,750 by year five, along with a potential cash-on-cash return of 10.67% over a five-year holding period. This community represents a stable bolt-on acquisition opportunity for an existing central Florida operator.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Law Firm Nail Salon Clothing Store Auto Repair Shop Gym & Fitness Building Supply Wholesale Shop Department Store Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.8891827
    Latitude
    28.0133502

    Nearby Similar for Sale

    • $1,500,000
      3,192 SF

      Turnkey Restaurant and Bakery Opportunity

      Restaurant and bakery in Lakeland, ready for immediate re-opening.
      830 E Main St, Lakeland, FL 33801
      View Details
    • $1,390,000
      8,348 SF

      Lakeland Multifamily Investment Opportunity

      Renovated 12-unit apartment building in Lake Morton Historic District.
      915 E Palmetto St, Lakeland, FL 33801
      View Details
    • $690,000
      1,760 SF

      Lakeland Quadruplex Investment Opportunity

      Four spacious units in a rapidly growing North Lakeland corridor.
      6024 Norton Rd, Lakeland, FL 33809
      View Details
    • $399,999
      Pending

      Lakeland Office Building For Sale

      Office building with new roof and windows, great parking.
      932 Swann Dr, Lakeland, FL 33809
      View Details
    • New
      $449,000
      2,050 SF

      Lakeland Duplex Investment Opportunity

      Cash-flowing duplex in South Lakeland with separate utilities and strong rental demand.
      704 W Alamo Dr, Lakeland, FL 33813
      View Details
    • New
      $339,000
      1,908 SF

      Lakeland Duplex with Tenant Occupancy

      Two-unit duplex in Lakeland, fully occupied with long-term leases.
      905 Marietta St, Lakeland, FL 33803
      View Details
    • New
      $309,000
      1,820 SF

      Updated Duplex in Lakeland, FL

      Two-unit duplex with recent updates, ideal for investors or owner-occupants.
      2493 Chestnut Woods Dr, Lakeland, FL 33815
      View Details
    • $450,000
      1,177 SF

      Remodeled Restaurant Space in Lakeland

      Turnkey restaurant space with indoor and outdoor seating in Lakeland.
      1349 N Combee Rd, Lakeland, FL 33801
      View Details
    • $225,000
      Pending

      Lakeland Duplex: Investor Opportunity

      Lakeland duplex with rehab potential, convenient location, and no HOA.
      3018 Galaxy Ln, Lakeland, FL 33801
      View Details
    • $2,500,000
      2,454 SF

      Lakeland Multifamily Development Opportunity

      Pre-construction multifamily development package in Lakeland, Florida.
      1205 Neville Ave, Lakeland, FL 33805
      View Details
    • $339,900
      Pending

      Retail Opportunity in South Lakeland

      High-visibility corner lot near Southgate Shopping Center.
      110 Easton Dr, Lakeland, FL 33803
      View Details
    • New
      $829,000
      5,800 SF

      Warehouse and Office Space Available

      5,820 SF warehouse and office space in Lakeland, Florida.
      4459 Holden Rd, Lakeland, FL 33811
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - Mobile home park in Lakeland, Florida with rental upside.
    Where is this mobile home & rv park located?
    The property is located at 2620 Reynolds Rd Lakeland, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Immediate rental upside opportunity with lot rents below-market by ~$131/M.; - Opportunity to achieve a total operating income of $207,750 by year five.; - Potential to achieve an impressive cash-on-cash return of 10.67% over a five-year holding period.
    (407) 900-9986
    Request Owner's contact information
    2620 Reynolds Rd Lakeland, FL 33801
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2620 Reynolds Rd
    Lakeland, FL 33801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2620 Reynolds Rd Lakeland, FL 33801
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Enon Winkler
    Enon Winkler
    (407) 900-9986
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.