Waterfront Mobile Home and RV
For Sale
$1,894,999
19240 SE Highway 42, Weirsdale, FL 32195
Commercial Sale, Weirsdale, FL
Property Size6,729 SF
Lot Size18.23 Acres
Price / SF$281.62
Days on Market263
Property Features for 19240 SE Highway 42
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
RV
Subdivision
Tanglewood
Lot features
Wooded
Directions
Hwy 44 to CR 42 property is on the right
Standard status
Active
APN
50653-000-00
Size
6,729 SF
Lot size
18.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 20 TWP 17 RGE 25 THAT PT OF SW 1/4 OF SW 1/4 LYING S OF HWY 42 EXC W 175 FT EXC COM AT THE SE COR OF SW 1/4 OF SW 1/4 OF SEC 20 TH N 295.52 FT TO THE POB TH N 311.67 FT TH S 74-24-19 W 83.
Tax Annual Amount
22319
Legal Description
SEC 20 TWP 17 RGE 25 THAT PT OF SW 1/4 OF SW 1/4 LYING S OF HWY 42 EXC W 175 FT EXC COM AT THE SE COR OF SW 1/4 OF SW 1/4 OF SEC 20 TH N 295.52 FT TO THE POB TH N 311.67 FT TH S 74-24-19 W 83.
Utilities
Water front features
River Access, River Front, Navigable Water
Water front
1
Amenities
food truck
bar and entertainment area
stage for live events
private boat launch
15 boat slips
RV spaces with full hookups
Building Details
Year built
1938
Listing Agency:
Coastal Ventures Real Estate LLC
(386) 214-6714
Listed By:
Sherry Johnson
(407) 451-6970
Added: Jan 14
Changed: Oct 2
Last Checked: Oct 4 at 9:06AM
MLS# 1221701
Copyright © 2026 Daytona Beach Area Association of Realtors. 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 18.23-acre waterfront property combines multiple lodging formats with recreational improvements. Existing accommodations include two mobile homes, six cabins, and eleven RV spaces with full hookups. The site also contains a food truck, bar and entertainment area, live-event stage, private boat launch, and 15 boat slips. Property size is listed at 6,729 square feet, with improvements dating to 1938.
Water access includes river frontage, navigable water, and connections to the Harris Chain of Lakes and Silver River. The property is located at 19240 SE Highway 42 in Weirsdale, approximately 20 minutes from The Villages. On-site RV parking supports the existing campground-oriented configuration.
Water access includes river frontage, navigable water, and connections to the Harris Chain of Lakes and Silver River. The property is located at 19240 SE Highway 42 in Weirsdale, approximately 20 minutes from The Villages. On-site RV parking supports the existing campground-oriented configuration.
Key Highlights
- 18.23+/- acres with river frontage and navigable water
- Two mobile homes, six cabins, and eleven RV spaces
- Eleven RV spaces include full hookups
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
$97,792
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
5.16%
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%
$1,955,840
$2.0M
Cap Rate 7%
$1,397,029
$1.4M
Cap Rate 9%
$1,086,578
$1.1M
Market Conditions
NOI Build-Up for 6,729 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
$189.8K $28.20/SF
− Vacancy
−$12.0K −$1.78/SF
EGI
$177.8K $26.42/SF
− OpEx
−$80.0K −$11.89/SF
NOI
$97.8K $14.53/SF
Area
Marion County, FL
Vacancy
6.30%
Lease Rate
$28.20 /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%
$1,955,840
Cap Rate 7%
$1,397,029
Cap Rate 9%
$1,086,578
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,792 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.67M
$3.22M – $4.29M
NOI $257,218 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
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Business Placement
Demographics for 32195, FL
3,462
Population
1,591
Households
2.2
Avg Household Size
52
Median Age
11%
College-Educated
85%
High-School Grad
24.4 sq mi
ZIP Area
142
Density / Sq Mi
$61,771
Median Household Income
$40,500
Median Earnings
$147,500
Median Home Value
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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 - Income-producing accommodations include cabins, mobile homes, and full-hookup RV spaces.
Where is this mobile home & rv park located?
The property is located at 19240 SE Highway 42 Weirsdale, FL.
What is the asking price?
The asking price for this property is $1,894,999.
What are key features of this property?
This property features: 18.23+/- acres with river frontage and navigable water; Two mobile homes, six cabins, and eleven RV spaces; Eleven RV spaces include full hookups
