14-Site Mobile Home
For Sale
$1,500,000
1211 CYPRESS Road, St Augustine, FL 32086
Commercial Sale, ST AUGUSTINE, FL
Property Size6,627 SF
Lot Size7.16 Acres
Price / SF$226.35
Days on Market765
Property Features for 1211 CYPRESS Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RMH
Subdivision
ST AUGUSTINE HEIGHTS
Directions
Old Moultrie Road to Kings Estate to San Juan. Turn Right to Cypress then left on Cypress to property on left.
Standard status
Active
APN
099150-0000
Size
6,627 SF
Lot size
7.16 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
10-27 ST AUGUSTINE HEIGHTS UNIT 1 TRACT 21 OR3476/1241(Q/C) &3633/1123(Q/C)
Tax Annual Amount
9227
Legal Description
10-27 ST AUGUSTINE HEIGHTS UNIT 1 TRACT 21 OR3476/1241(Q/C) &3633/1123(Q/C)
Utilities
Cooling system
Central Air
Building Details
Year built
1974
Listing Agency:
KW REALTY ATLANTIC PARTNERS ST AUGUSTINE · Keller Williams Realty
(904) 797-7442
Listed By:
Frank Perez-Andreu · License #3299624
(904) 501-9896
Added: Jul 24, 2024
Changed: Aug 21
Last Checked: Aug 27 at 4:06PM
MLS# FC302569
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mobile home park spans 7.16 acres and includes 14 sites, park-owned rental mobile homes, and pad rentals. The property contains 6,627 square feet of improvements, was built in 1974, and has central air. Each site is identified as an approximately half-acre parcel with its own well and septic system.
The offering includes 1211 Cypress Road and part of 1235 Cypress Road in St. Augustine, along with parcel IDs 099150-0000 and 099160-0000. RMH zoning supports the property’s mobile-home-park configuration as described.
The offering includes 1211 Cypress Road and part of 1235 Cypress Road in St. Augustine, along with parcel IDs 099150-0000 and 099160-0000. RMH zoning supports the property’s mobile-home-park configuration as described.
Key Highlights
- 14 sites, each 1/2 acre (APPROX.) parcels
- 7.16‑acre mobile home park
- Includes park‑owned rental mobile homes and pad rentals
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
$51,797
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
3.45%
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%
$1,035,940
$1.0M
Cap Rate 7%
$739,957
$740.0K
Cap Rate 9%
$575,522
$575.5K
Market Conditions
NOI Build-Up for 6,627 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
$104.2K $15.72/SF
− Vacancy
−$10.0K −$1.51/SF
EGI
$94.2K $14.21/SF
− OpEx
−$42.4K −$6.39/SF
NOI
$51.8K $7.82/SF
Area
St. Johns County, FL
Vacancy
9.60%
Lease Rate
$15.72 /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%
$1,035,940
Cap Rate 7%
$739,957
Cap Rate 9%
$575,522
Alternative Uses
Best Use
Apartment 5plus
$740.0K
$647.5K – $863.3K
NOI $51,797 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,739 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 32086, FL
31,452
Population
15,696
Households
2
Avg Household Size
51
Median Age
33%
College-Educated
92%
High-School Grad
65.8 sq mi
ZIP Area
478
Density / Sq Mi
$74,508
Median Household Income
$40,571
Median Earnings
$1,536
Median Rent
$342,000
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 - RMH-zoned property combines park-owned rental homes with pad rentals and individually served sites.
Where is this mobile home & rv park located?
The property is located at 1211 CYPRESS Road St Augustine, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 14 sites, each 1/2 acre (APPROX.) parcels; 7.16‑acre mobile home park; Includes park‑owned rental mobile homes and pad rentals
