Doublewide Mobile Home in
For Sale
$239,000
413 Hibiscus Dr, Deerfield Beach, FL 33442
Elegant mobile home in a sought-after park with water access.
Property Size1,200 SF
Days on Market272
Property Features for 413 Hibiscus Dr
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$1.00
Building Details
Building Size
1,200 SF
Year Built
2014
Listing Agency:
Florida Realty Agency
(418) 802-9943
Listed By:
Martin Lajeunesse · License #3511088
(418) 802-9943
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 16
Last Checked: Aug 26 at 8:27AM
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 Florida Realty Agency
Investment Insights
Based on property information with market context.
This doublewide JACOBSEN mobile home is located in Pine Tree Park & Marina, offering Intracoastal and Ocean access. Situated in a sought-after park, the property combines comfort, natural light, and quality construction. It is located steps from the pool, community center, and park activities, fostering a peaceful and friendly atmosphere.
Key Highlights
- Intracoastal and Ocean Access via Pine Tree Park & Marina
- Highly sought‑after Pine Tree Park location
- Doublewide JACOBSEN Mobile Home built in 2014
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
$18,455
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
7.72%
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%
$369,100
$369.1K
Cap Rate 7%
$263,643
$263.6K
Cap Rate 9%
$205,056
$205.1K
Market Conditions
NOI Build-Up for 1,200 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
$35.1K $29.28/SF
− Vacancy
−$1.6K −$1.32/SF
EGI
$33.6K $27.96/SF
− OpEx
−$15.1K −$12.58/SF
NOI
$18.5K $15.38/SF
Area
Broward County, FL
Vacancy
4.50%
Lease Rate
$29.28 /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%
$369,100
Cap Rate 7%
$263,643
Cap Rate 9%
$205,056
Alternative Uses
Best Use
Apartment 5plus
$263.6K
$230.7K – $307.6K
NOI $18,455 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$608.8K
$532.7K – $710.3K
NOI $42,617 @ 7.0% cap · market cap 17.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,400
Businesses Nearby
Explore this area
Business Placement
Demographics for 33442, FL
32,340
Population
21,595
Households
1.5
Avg Household Size
52
Median Age
32%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
4,687
Density / Sq Mi
$53,413
Median Household Income
$42,035
Median Earnings
$1,952
Median Rent
$231,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Elegant mobile home in a sought-after park with water access.
Where is this mobile home & rv park located?
The property is located at 413 Hibiscus Dr Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Intracoastal and Ocean Access via Pine Tree Park & Marina; Highly sought‑after Pine Tree Park location; Doublewide JACOBSEN Mobile Home built in 2014
