Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    St. Augustine Mobile Home Park Title is generated by Realmo AI

    405 DEL MONTE Drive, St Augustine, FL 32084

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $640,000

    Fully rented mobile home park in prime St. Augustine location.

    Type:Commercial/Industrial
    Property size:
    6,625 SF
    Lot size:
    1.20 Acres
    Price / SF:
    $96/SF
    Added:
    Mar 12, 2026
    Days on Market:
    73
    Last Refresh:
    Apr 5 at 9:08 pm

    Property Features for 405 DEL MONTE Drive

    General Information

    Standard status
    Active
    Size
    6,625 SF
    Lot size
    1.20 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1968

    We can help!

    Listing Contact
    Philip Aitken

    Listing agent Philip Aitken License #3116184

    Listing office YOUR HOME SOLD GUARANTEED REALTY ADVISORS

    Listing date Mar 12, 2026

    Source Exitrealty

    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 YOUR HOME SOLD GUARANTEED REALTY ADVISORS

    HighLights

    • Prime location across from St. Augustine High School and First Coast Technical College.
    • Fully rented with 9 single‑wide units, ensuring immediate income.
    • Opportunity to increase rents as units are currently rented below market rates.
    • Three long‑term tenants (over 10 years) providing income stability.
    • Each unit has its own electric meter.
    • Located on 1.2 acres.

    Overview

    This mobile home park presents a significant investment opportunity. The property includes 9 single-wide units, all of which are currently rented. Situated on 1.2 acres, the location is across from St. Augustine High School and First Coast Technical College. The property attracts reliable tenants due to its location. Three units are occupied by long-term tenants with over 10 years of residency. All units are rented below market rates, offering potential for increased revenue through rent adjustments. Each unit is equipped with its own electric meter. The property utilizes city water and a shared septic system. The property is located in St. Augustine, Florida.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $575.3K
    NOI $51,781 @ 9.00% cap · cautious / downside scenario
    Moderate
    $739.7K
    NOI $51,781 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.04M
    NOI $51,781 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $104.1k $15.72
    − Vacancy −$10.0k −$1.51
    EGI $94.1k $14.21
    − OpEx −$42.4k −$6.39
    NOI $51.8k $7.82
    6,625 SF · lease $15.72/SF/yr · vacancy 9.60% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $739.7K
    $647.3K – $863.0K (±1% cap)
    NOI $51,781 @ 7.0% cap · market cap 8.09%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.77M
    $1.55M – $2.06M (±1% cap)
    NOI $123,702 @ 7.0% cap · market cap 19.33%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.3417
    Latitude
    29.9226

    Nearby Similar for Sale

    • $2,350,000
      13,363 SF

      Warehouse on High-Visibility Corner Lot

      Commercial property with warehouse/office building and income potential.
      3705 Old Lewis Speedway, St Augustine, FL 32084
      View Details
    • $3,800,000
      8,000 SF

      Historic Mixed-Use Building, High Traffic

      Mixed-use building in historic St. Augustine with retail and residential.
      56 SAN MARCO AVE UNIT A B & C, St Augustine, FL 32084
      View Details
    • $2,350,000
      5,332 SF

      St. Augustine Office Building For Sale

      5,300+/- SF office building on US-1 South in St. Augustine.
      49 SHORES Boulevard, St. Augustine, FL 32086
      View Details
    • $2,495,000
      1,600 SF

      Historic Retail Property on San Marco

      Two-story historic retail property with live/work space in St. Augustine.
      63 San Marco Ave, St Augustine, FL 32084
      View Details
    • $3,000,000
      6,021 SF

      New Retail Building in St. Augustine

      Newly constructed retail building in a high-growth commercial area.
      160 REGISTRY Boulevard, St. Augustine, FL 32092
      View Details
    • $499,499
      1,152 SF

      Palencia Commons Office Condo

      Turn-key office condo in a strategic business corridor.
      430 PASEO REYES Drive, St. Augustine, FL 32095
      View Details
    • $790,000
      2,080 SF

      New Flex Space Near Downtown

      New construction flex space near downtown St. Augustine.
      96 FRED WATERS Way, St. Augustine, FL 32084
      View Details
    • $449,000
      1,512 SF

      Commercial Property on W King

      Versatile commercial property in St. Augustine's West King business district.
      688 W KING Street, St. Augustine, FL 32084
      View Details
    • $999,000
      1,492 SF

      St. Augustine Duplex: Fully Restored

      Historic, fully furnished duplex near downtown St. Augustine.
      251 CHARLOTTE Street, St. Augustine, FL 32084
      View Details
    • $1,200,000
      4,116 SF

      St. Augustine Office Building For Sale

      4,116 SF office building in downtown St. Augustine.
      222 San Marco Ave, St Augustine, FL 32084
      View Details
    • $3,295,000
      3,858 SF

      Oceanfront Duplex on Double Lot

      Rare oceanfront duplex in St. Augustine Beach golden triangle.
      2 11th Street, St Augustine, FL 32080
      View Details
    • $1,963,000
      2,152 SF

      Historic Multi-Unit Estate

      Unique property with historic charm and modern rental potential.
      24 Saragossa St, St Augustine, FL 32084
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - Fully rented mobile home park in prime St. Augustine location.
    Where is this mobile home & rv park located?
    The property is located at 405 DEL MONTE Drive St Augustine, FL.
    What is the asking price?
    The asking price for this property is $640,000.
    What are key features of this property?
    This property features: Prime location across from St. Augustine High School and First Coast Technical College.; Fully rented with 9 single‑wide units, ensuring immediate income.; Opportunity to increase rents as units are currently rented below market rates.
    (904) 544-5252
    We can help!
    Listing Contact
    Philip Aitken
    Real Estate License ID: 3116184
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    405 DEL MONTE Drive, St Augustine, FL 32084
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!