Waterfront RV Park and
For Sale
$1,894,999
19240 SE Highway 42, Weirsdale, FL 32195
COMMERCIAL - Weirsdale, FL
Property Size6,729 SF
Lot Size18.23 Acres
Price / SF$281.62
Days on Market214
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 Front, River Access, Navigable Water
Water front
1
Amenities
food truck
bar
entertainment area
stage
private boat launch
boat slips
RV 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: Aug 4
Last Checked: Aug 16 at 4:06PM
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 waterfront property offers a mix of on-site accommodations and guest amenities across approximately 18.23 acres. The current improvements include two mobile homes, six cabins, and eleven RV spaces with full hookups. Additional on-property features include a food truck, a bar and entertainment area, and a stage for live events.
Recreation and boating access are central to the offering, with waterfront access to the Harris Chain of Lakes and the Silver River. The property also includes a private boat launch and 15 boat slips, supporting on-water activities like boating and fishing.
The layout is designed to accommodate both overnight guests and day-use entertainment, with dedicated lodging units alongside RV sites and event-oriented improvements.
Recreation and boating access are central to the offering, with waterfront access to the Harris Chain of Lakes and the Silver River. The property also includes a private boat launch and 15 boat slips, supporting on-water activities like boating and fishing.
The layout is designed to accommodate both overnight guests and day-use entertainment, with dedicated lodging units alongside RV sites and event-oriented improvements.
Key Highlights
- 18.23‑acre waterfront property with access to the Harris Chain of Lakes and Silver River.
- Income‑producing property featuring two mobile homes, six cabins, and eleven RV spaces with full hookups.
- Potential for tourism, marina use, short‑term rentals, or mixed‑use development.
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
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
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
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?
Campground - Waterfront property with RV spaces, cabins, mobile homes, and a private boat launch with 15 boat slips.
Where is this campground 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‑acre waterfront property with access to the Harris Chain of Lakes and Silver River.; Income‑producing property featuring two mobile homes, six cabins, and eleven RV spaces with full hookups.; Potential for tourism, marina use, short‑term rentals, or mixed‑use development.
