Mobile Home and RV
For Sale
$3,100,000
19140 US HIGHWAY 301, Dade City, FL 33523
Two mobile home and RV parks totaling 47 units.
Property Size15,838 SF
Lot Size9.84 Acres
Days on Market173
Property Features for 19140 US HIGHWAY 301
General Information
Standard status
Active
Size
15,838 SF
Lot size
9.84 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$19,453
Building Details
Building Size
15,838 SF
Year Built
1982
Listing Agency:
Mihara & Associates
(813) 960-2300
Listed By:
Raymond Mihara · License #639109
(813) 960-2300
Source:
Elliman
Added: Mar 10
Changed: Aug 16
Last Checked: Aug 29 at 1:07PM
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 Mihara & Associates
Investment Insights
Based on property information with market context.
This property features two established mobile home and RV parks, Great Bay and Forest Oak, encompassing a total of 47 units across 9.84 acres in Dade City, Florida. The property is located off US Highway 301, providing visibility and convenient access, and is situated minutes from the town center. Most of the units have been updated. The parks are supported by city water or well, and septic systems. Located within Flood Zone X and surrounded by farmland, the property offers stability and growth potential. This purchase offers the opportunity to secure two parks, with potential to optimize performance and increase long-term value.
Key Highlights
- Two established mobile home and RV parks (47 units) on 9.84 acres, offering immediate income potential.
- Prime location off US Highway 301 in Dade City, Florida, providing high visibility and easy access to town.
- Updated units, ensuring a solid foundation for consistent rental income.
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
24
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
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Two mobile home and RV parks totaling 47 units.
Where is this mobile home & rv park located?
The property is located at 19140 US HIGHWAY 301 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 and RV parks (47 units) on 9.84 acres, offering immediate income potential.; Prime location off US Highway 301 in Dade City, Florida, providing high visibility and easy access to town.; Updated units, ensuring a solid foundation for consistent rental income.
