Two Mobile Home & RV
For Sale
$3,100,000
19140 Us Highway 301 DADE CITY, Dade City, FL 33523
Two established parks with 47 units on 9.84 acres, off US Highway 301, with city water or wells and septic systems.
Property Size15,838 SF
Lot Size9.84 Acres
Price / SF$195.73
Days on Market46
Property Features for 19140 Us Highway 301 DADE CITY
General Information
Standard status
Active
Size
15,838 SF
Lot size
9.84 Acres
Zoning
C2
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Business Included
Yes
Multifamily Units
47
Taxes and HOA fees
Annual Taxes
$19,453
Amenities
Public Records
true
Well
9.8386
9.84
40
false
Asphalt,Dirt
Crawlspace
Highway
15838
47
Building Details
Building Size
15,838 SF
Year Built
1982
Buildings
47
Tenancy
Multi
Listing Agency:
THE REAL ESTATE COLLECTION LLC
(407) 656-7814
Listed By:
Chrissy Hayden · License #3121297
(407) 656-7814
Source:
Therealestatecollection
Added: Jul 6
Changed: Aug 16
Last Checked: Aug 20 at 4:19AM
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 THE REAL ESTATE COLLECTION LLC
Investment Insights
Based on property information with market context.
For sale: a mobile home and RV parks portfolio consisting of two established communities, Great Bay and Forest Oak, totaling 47 units across 9.84 acres. The majority of units have been updated, with city water or well support and septic systems in place for reliable on-site utilities.
The property is positioned off US Highway 301 in Dade City, Florida, offering strong visibility and convenient access just minutes from the heart of town.
Both parks are located within Flood Zone X. The setting is described as surrounded by farmland.
The property is positioned off US Highway 301 in Dade City, Florida, offering strong visibility and convenient access just minutes from the heart of town.
Both parks are located within Flood Zone X. The setting is described as surrounded by farmland.
Key Highlights
- Two established mobile home/RV parks (Great Bay and Forest Oak) totaling 47 units on 9.84 acres in Dade City, FL
- Off US Highway 301 with highway road frontage for visibility and convenient access
- Most units have been updated, supporting consistency for rental operations
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
$145,664
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
4.70%
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%
$2,913,280
$2.9M
Cap Rate 7%
$2,080,914
$2.1M
Cap Rate 9%
$1,618,489
$1.6M
Market Conditions
NOI Build-Up for 15,838 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
$285.1K $18.00/SF
− Vacancy
−$20.2K −$1.28/SF
EGI
$264.8K $16.72/SF
− OpEx
−$119.2K −$7.52/SF
NOI
$145.7K $9.20/SF
Area
Pasco County, FL
Vacancy
7.10%
Lease Rate
$18.00 /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%
$2,913,280
Cap Rate 7%
$2,080,914
Cap Rate 9%
$1,618,489
Alternative Uses
Best Use
Apartment 5plus
$2.08M
$1.82M – $2.43M
NOI $145,664 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.61M
$3.16M – $4.21M
NOI $252,546 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
47
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 33523, FL
18,540
Population
8,132
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
83%
High-School Grad
105.4 sq mi
ZIP Area
176
Density / Sq Mi
$60,897
Median Household Income
$35,283
Median Earnings
$1,020
Median Rent
$231,700
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 - Two established parks with 47 units on 9.84 acres, off US Highway 301, with city water or wells and septic systems.
Where is this mobile home & rv park located?
The property is located at 19140 Us Highway 301 DADE CITY Dade City, FL.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Two established mobile home/RV parks (Great Bay and Forest Oak) totaling 47 units on 9.84 acres in Dade City, FL; Off US Highway 301 with highway road frontage for visibility and convenient access; Most units have been updated, supporting consistency for rental operations
