Mobile Home Park Investment
For Sale
$1,500,000
1211 CYPRESS ROAD, St Augustine, FL 32086
Mobile home park with rental homes and pad rentals.
Property Size5,520 SF
Lot Size7.00 Acres
Price / SF$271.74
Days on Market768
Property Features for 1211 CYPRESS ROAD
General Information
Standard status
Active
Size
5,520 SF
Lot size
7.00 Acres
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$9,227
Amenities
Central Air
3
City Road, Asphalt, Dirt Road.
Building Details
Year Built
1974
Listing Agency:
KW REALTY ATLANTIC PARTNERS ST AUGUSTINE
(904) 797-7442
Listed By:
Frank Perez-Andreu · License #3299624
Source:
Xome
Added: Jul 21, 2024
Changed: Aug 25
Last Checked: Aug 26 at 7:17AM
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 KW REALTY ATLANTIC PARTNERS ST AUGUSTINE
Investment Insights
Based on property information with market context.
This property presents an investment opportunity and includes two parcel IDs. The property features park-owned rental mobile homes and pad rentals. All 14 sites are approximately 1/2 acre in size and are equipped with individual wells and septic systems.
Key Highlights
- Investor opportunity with income‑generating potential from rental mobile homes and pad rentals.
- Includes two parcel IDs (099150‑0000 and 099160‑0000).
- Consists of 14 sites.
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
$43,144
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
2.88%
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%
$862,880
$862.9K
Cap Rate 7%
$616,343
$616.3K
Cap Rate 9%
$479,378
$479.4K
Market Conditions
NOI Build-Up for 5,520 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
$86.8K $15.72/SF
− Vacancy
−$8.3K −$1.51/SF
EGI
$78.4K $14.21/SF
− OpEx
−$35.3K −$6.39/SF
NOI
$43.1K $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%
$862,880
Cap Rate 7%
$616,343
Cap Rate 9%
$479,378
Alternative Uses
Best Use
Apartment 5plus
$616.3K
$539.3K – $719.1K
NOI $43,144 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,069 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 - Mobile home park with rental homes and pad rentals.
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: Investor opportunity with income‑generating potential from rental mobile homes and pad rentals.; Includes two parcel IDs (099150‑0000 and 099160‑0000).; Consists of 14 sites.
