Occupied Mobile Home
For Sale
$499,000
2204 SHIRAH Road, Auburndale, FL 33823
Residential Income, AUBURNDALE, FL
Property Size4,312 SF
Lot Size4.43 Acres
Price / SF$115.72
Days on Market81
Property Features for 2204 SHIRAH Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
XX
Pets allowed
Cats OK, Dogs OK
Interior features
Ninguno
Subdivision
ACREAGE
Lot features
Unpaved
Elementary school
Lena Vista Elem
Middle school
Stambaugh Middle
High school
Tenoroc Senior
Directions
Heading south on FL570A toll road, take the exit toward State Hwy 546. Slight right to merge onto State Hwy 546. Turn left onto Dixie Hwy/Old Dixie Hwy. Turn left onto Shirah Rd. Destination will be on the left
Standard status
Active
APN
25-28-07-000000-032050
Size
4,312 SF
Lot size
4.43 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W1/2 OF NW1/4 OF SE1/4 OF NW1/4 LESS N 130 FT OF W 140 FT & LESS MAINT R/W
Tax Annual Amount
5996
Legal Description
W1/2 OF NW1/4 OF SE1/4 OF NW1/4 LESS N 130 FT OF W 140 FT & LESS MAINT R/W
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Ductless (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Well
Building Details
Year built
1930
Building materials
Vinyl Siding, Frame
Roof type
Metal, Shingle
Listing Agency:
CENTURY 21 MYERS REALTY · Century 21 Real Estate
(863) 875-5656
Listed By:
Tony Acosta · License #SL3589261
(863) 224-5956
Added: Jun 17
Changed: Sep 4
Last Checked: Sep 5 at 2:06AM
MLS# S5151660
Copyright © 2026 Stellar MLS. 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 quadplex includes four occupied mobile homes positioned on a 4.43-acre parcel in Auburndale, Florida. The property contains 4,312 square feet and dates to 1930, with vinyl siding and frame construction. Roofing consists of shingle and metal materials, while heating is provided by ductless systems and cooling by window or wall/window units.
The property is served by a private well and septic tank, with cable available. Mature trees and a rural setting characterize the parcel, while the Auburndale address places the property within Polk County. Zoning is identified as XX.
The property is served by a private well and septic tank, with cable available. Mature trees and a rural setting characterize the parcel, while the Auburndale address places the property within Polk County. Zoning is identified as XX.
Key Highlights
- Four occupied mobile homes on a 4.43‑acre parcel
- 4,312 square feet of property size
- Private well and septic tank service
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
$45,720
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
9.16%
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%
$914,400
$914.4K
Cap Rate 7%
$653,143
$653.1K
Cap Rate 9%
$508,000
$508.0K
Market Conditions
NOI Build-Up for 4,312 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
$69.9K $16.20/SF
− Vacancy
−$4.5K −$1.05/SF
EGI
$65.3K $15.15/SF
− OpEx
−$19.6K −$4.54/SF
NOI
$45.7K $10.60/SF
Area
Polk County, FL
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
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%
$914,400
Cap Rate 7%
$653,143
Cap Rate 9%
$508,000
Alternative Uses
Best Use
Multifamily LT 5
$653.1K
$571.5K – $762.0K
NOI $45,720 @ 7.0% cap · market cap 9.16%
Second Best
Apartment 5plus
$583.5K
$510.5K – $680.7K
NOI $40,843 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$1.04M
$906.7K – $1.21M
NOI $72,535 @ 7.0% cap · market cap 14.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Explore this area
Business Placement
Demographics for 33823, FL
33,733
Population
15,383
Households
2.2
Avg Household Size
42
Median Age
17%
College-Educated
86%
High-School Grad
34.9 sq mi
ZIP Area
967
Density / Sq Mi
$64,248
Median Household Income
$39,187
Median Earnings
$1,068
Median Rent
$234,300
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?
Quadplex - Four occupied mobile homes with well and septic service.
Where is this quadplex located?
The property is located at 2204 SHIRAH Road Auburndale, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Four occupied mobile homes on a 4.43‑acre parcel; 4,312 square feet of property size; Private well and septic tank service
