20303 Old Somerset Acres Ln, Spring Hill, FL 34610
13-unit mobile home park in fast-growing Spring Hill, Florida.
- Added:
- Dec 10, 2025
- Days on Market:
- 199
- Last Refresh:
- Mar 17 at 1:19 pm
Property Features for 20303 Old Somerset Acres Ln
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Mobile Home Park
Building Details
- Year Built
- 1973
Listing office KW Commercial Boca Raton East
Listing date Dec 10, 2025
Source Crexi
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 KW Commercial Boca Raton East
HighLights
- Fully park‑owned mobile home park with 13 units, offering enhanced operational control and income consistency.
- Located in the fast‑growing Spring Hill, FL market.
- Offers stable, reliable cash flow with substantial value‑add potential.
- Significant renovations and upgrades completed across multiple units, improving quality and rental upside.
- Offered below appraised value, providing immediate built‑in equity.
- Appraisal report available upon request.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $163.2k | $20.40 |
| − Vacancy | −$9.5k | −$1.18 |
| EGI | $153.7k | $19.22 |
| − OpEx | −$69.2k | −$8.65 |
| NOI | $84.6k | $10.57 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Spring Hill
- County
- Pasco
- State
- Florida
- Longitude
- -82.4803986
- Latitude
- 28.39557
