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
Price / SF$195.73
Days on Market218
Property Features for 19140 Us Highway 301
General Information
Standard status
Active
Size
15,838 SF
Lot size
9.84 Acres
Building Details
Year Built
1982
Listing Agency:
MIHARA & ASSOCIATES INC.
Listed By:
Raymond Mihara · License #639109
(813) 960-2300
Source:
Livewelltampabay
Added: Mar 10
Changed: Oct 3
Last Checked: Oct 7 at 2:46PM
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 INC.
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 / Yr
$145,664
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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.
