Turnkey Mobile Home Park
2721 E 19th Street Panama City, FL 32405
For Sale
$425,000
Mobile home park in Panama City, near Tyndall Air Force Base.
Property Size3,192 SF
Lot Size0.28 Acres
Price / SF$133.15
Days on Market170
Property Features for 2721 E 19th Street
General Information
Standard status
Active
Size
3,192 SF
Lot size
0.28 Acres
Property subtype
Commercial
Building Details
Year Built
2023
Listing Agency:
NORTHWEST FLORIDA REALTY, LLC
(850) 740-1069
Listed By:
JESSICA L WILSON
Source:
Corcoran
Added: Feb 7
Changed: Jul 6
Last Checked: Jul 27 at 6:06AM
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 NORTHWEST FLORIDA REALTY, LLC
Investment Insights
Based on property information with market context.
This turnkey mobile home park is located in Panama City. The property includes three homes built in 2023. The property is easily accessible and convenient to Tyndall Air Force Base. This setup is streamlined to be income producing and offers long-term potential for both experienced and new investors in the mobile home park space. The property size is 3192 square feet.
Key Highlights
- Turnkey Mobile Home Park in Panama City
- All three homes are like new (2023)
- Streamlined for income production
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 | $76.6k | $24.00 |
| − Vacancy | −$12.3k | −$3.86 |
| EGI | $64.3k | $20.14 |
| − OpEx | −$28.9k | −$9.06 |
| NOI | $35.4k | $11.07 |
3,192 SF · lease $24.00/SF/yr · vacancy 16.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$505.0K
$441.9K – $589.2K
NOI $35,351 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$802.7K
$702.4K – $936.5K
NOI $56,192 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Mobile home park in Panama City, near Tyndall Air Force Base.
Where is this mobile home & rv park located?
The property is located at 2721 E 19th Street Panama City, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Turnkey Mobile Home Park in Panama City; All three homes are like new (2023); Streamlined for income production
