Riverfront RV
For Sale
$850,000
39849 STATE ROAD 575, Dade City, FL 33523
RV-oriented property with leased pads, park models, and dedicated office and laundry facilities.
Property Size2,700 SF
Days on Market9
Property Features for 39849 STATE ROAD 575
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Multi-Family 5+
Site & Location
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$6,860
Amenities
riverfront
management office
laundry building
community showers
professional mural
Building Details
Building Size
2,700 SF
Year Built
1970
Buildings
3
Listing Agency:
FUTURE HOME REALTY INC
(813) 781-3622
Listed By:
Edward Moore, Jr. · License #3270774
Source:
Kingofrealestate
Added: Aug 10
Changed: Aug 18
Last Checked: Aug 18 at 4:32AM
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 FUTURE HOME REALTY INC
Investment Insights
Based on property information with market context.
This RV-oriented property fronts the Withlacoochee River and includes 18 leased RV pads, with 8 park models currently in rent-to-own status. The site is zoned for 13 RV spots, and park models are allowed under that zoning. Improvements include a management office, a separate laundry building with community showers, and an on-site single-family home that could be renovated or removed. The property was built in 1970.
Located at 39849 State Road 575 in Dade City, Florida, the park combines river frontage with an established pad layout. Recent site work includes a new water well pump, asphalt and gravel improvements for the pads, and a mural at the entrance. Electricity is included in tenant rent.
Located at 39849 State Road 575 in Dade City, Florida, the park combines river frontage with an established pad layout. Recent site work includes a new water well pump, asphalt and gravel improvements for the pads, and a mural at the entrance. Electricity is included in tenant rent.
Key Highlights
- Withlacoochee River frontage at 39849 State Road 575, Dade City, FL 33523
- 18 RV pads are currently leased, including 8 park models in rent‑to‑own status
- Zoned for 13 RV spots; park models are allowed under the zoning
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
$24,832
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
2.92%
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%
$496,640
$496.6K
Cap Rate 7%
$354,743
$354.7K
Cap Rate 9%
$275,911
$275.9K
Market Conditions
NOI Build-Up for 2,700 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
$48.6K $18.00/SF
− Vacancy
−$3.5K −$1.28/SF
EGI
$45.1K $16.72/SF
− OpEx
−$20.3K −$7.52/SF
NOI
$24.8K $9.20/SF
Area
Pasco County, FL
Vacancy
7.10%
Lease Rate
$18.00 /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%
$496,640
Cap Rate 7%
$354,743
Cap Rate 9%
$275,911
Alternative Uses
Best Use
Apartment 5plus
$354.7K
$310.4K – $413.9K
NOI $24,832 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$615.0K
$538.2K – $717.6K
NOI $43,053 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 33523, FL
18,540
Population
8,132
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
83%
High-School Grad
105.4 sq mi
ZIP Area
176
Density / Sq Mi
$60,897
Median Household Income
$35,283
Median Earnings
$1,020
Median Rent
$231,700
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?
Mobile home & RV park - RV-oriented property with leased pads, park models, and dedicated office and laundry facilities.
Where is this mobile home & rv park located?
The property is located at 39849 STATE ROAD 575 Dade City, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Withlacoochee River frontage at 39849 State Road 575, Dade City, FL 33523; 18 RV pads are currently leased, including 8 park models in rent‑to‑own status; Zoned for 13 RV spots; park models are allowed under the zoning
