Mobile Home Park with Vacant
37351 CARRINGER Rd Dade City, FL 33523
New
For Sale
$1,325,000
Established mobile home park with 11 occupied homes and a vacant commercial lot, off US Highway 98.
Days on Market5
Property Features for 37351 CARRINGER Rd
General Information
Standard status
Active
Property subtype
Investment
Lease Term
12 months
Building Details
Year Built
1980
Listing Agency:
(863) 370-3158
Listed By:
Christopher Diaz · License #3269960
(863) 370-3158
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 29 at 9:18AM
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 Christopher Diaz
Investment Insights
Based on property information with market context.
The Preserve is an established mobile home park offering income from 11 occupied mobile homes and includes an additional vacant commercial lot. The property includes major infrastructure improvements, including new septic systems, along with renovations to several homes during tenant turnover.
The site is positioned just north of historic Dade City, with convenient access directly off US Highway 98. The listing notes a total of 6 parcels, for approximately 5 acres, and references ongoing Florida Department of Transportation investment in the US 98 corridor, including roadway widening, realignment, new intersections, sidewalks, and shared-use paths intended to improve traffic flow and regional connectivity between Dade City, US 301, and surrounding communities.
The site is positioned just north of historic Dade City, with convenient access directly off US Highway 98. The listing notes a total of 6 parcels, for approximately 5 acres, and references ongoing Florida Department of Transportation investment in the US 98 corridor, including roadway widening, realignment, new intersections, sidewalks, and shared-use paths intended to improve traffic flow and regional connectivity between Dade City, US 301, and surrounding communities.
Key Highlights
- Established mobile home park with 11 occupied mobile homes generating immediate cash flow
- Income‑producing park includes a vacant commercial lot for additional future potential
- Major infrastructure improvements include new septic systems, plus renovations to several homes during tenant turnover
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 | $180.0k | $18.00 |
| − Vacancy | −$12.8k | −$1.28 |
| EGI | $167.2k | $16.72 |
| − OpEx | −$75.2k | −$7.52 |
| NOI | $92.0k | $9.20 |
10,000 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $91,971 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,456 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Established mobile home park with 11 occupied homes and a vacant commercial lot, off US Highway 98.
Where is this mobile home & rv park located?
The property is located at 37351 CARRINGER Rd Dade City, FL.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Established mobile home park with 11 occupied mobile homes generating immediate cash flow; Income‑producing park includes a vacant commercial lot for additional future potential; Major infrastructure improvements include new septic systems, plus renovations to several homes during tenant turnover
