Turnkey Mobile Home
For Sale
$1,160,000
4920 PARSONS POINT Road, Hernando, FL 34442
Turnkey mobile home park with 13 lots, 8 occupied, and site utilities including private well and individual electric meters.
Property Size5,668 SF
Price / SF$204.66
Days on Market388
Property Features for 4920 PARSONS POINT Road
General Information
Standard status
Active
Size
5,668 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$3,052
Amenities
Window/Wall Unit
3
Vinyl, Carpet
Metal
Driveway, Gravel.
Rectangular
Private Roads, Paved Road, Acreage, Rectangular.
Building Details
Year Built
1973
Stories
1
Listing Agency:
Tropic Shores Realty
(786) 985-8856
Listed By:
Shuli Mishali · License #3388878
(786) 985-8856
Source:
Xome
Added: Jul 18, 2025
Changed: Aug 8
Last Checked: Aug 9 at 5:05AM
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 Tropic Shores Realty
Investment Insights
Based on property information with market context.
Bobby B’s Mobile Home Park is a turnkey, fully park-owned manufactured housing community with 13 total lots (possibly more). Currently, 8 units are occupied, and 1 additional unit is ready to be placed. Several homes include recent upgrades such as vinyl flooring, newer appliances, granite or Formica countertops, washers and dryers, instant hot water heaters, and covered porches with inside laundry setups.
On-site infrastructure includes a private well with a new filter system installed in 2023, septic service via 5 septic tanks supporting 9 homes, individual electric meters, paved roads, and individual trash setup. The park is DBPR licensed, with water reports available, and it lies in Flood Zone X. The property also includes 4–5 vacant pads, with potential for RV expansion, and the site has mature fruit trees that add seasonal shade and harvest.
For manufactured housing, the property is described as zoned for manufactured housing (buyer to verify). The community is centrally located in Florida’s Nature Coast, with access to lakes, rivers, and Gulf Coast recreation, and convenient drive access toward Ocala, Tampa, and Orlando.
On-site infrastructure includes a private well with a new filter system installed in 2023, septic service via 5 septic tanks supporting 9 homes, individual electric meters, paved roads, and individual trash setup. The park is DBPR licensed, with water reports available, and it lies in Flood Zone X. The property also includes 4–5 vacant pads, with potential for RV expansion, and the site has mature fruit trees that add seasonal shade and harvest.
For manufactured housing, the property is described as zoned for manufactured housing (buyer to verify). The community is centrally located in Florida’s Nature Coast, with access to lakes, rivers, and Gulf Coast recreation, and convenient drive access toward Ocala, Tampa, and Orlando.
Key Highlights
- Park‑owned mobile home park with 13 total lots (8 occupied) plus 4–5 vacant pads.
- Gross monthly income approx. $7,300 with stated room to increase across all units.
- Site utilities include private well with new filter system (2023), 5 septic tanks servicing 9 homes, and individual electric meters.
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
$47,472
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
4.09%
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%
$949,440
$949.4K
Cap Rate 7%
$678,171
$678.2K
Cap Rate 9%
$527,467
$527.5K
Market Conditions
NOI Build-Up for 5,668 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
$91.8K $16.20/SF
− Vacancy
−$5.5K −$0.97/SF
EGI
$86.3K $15.23/SF
− OpEx
−$38.8K −$6.85/SF
NOI
$47.5K $8.38/SF
Area
Citrus County, FL
Vacancy
6.00%
Lease Rate
$16.20 /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%
$949,440
Cap Rate 7%
$678,171
Cap Rate 9%
$527,467
Alternative Uses
Best Use
Apartment 5plus
$678.2K
$593.4K – $791.2K
NOI $47,472 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.49M
NOI $89,151 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 34442, FL
16,759
Population
9,852
Households
1.7
Avg Household Size
63
Median Age
27%
College-Educated
95%
High-School Grad
36.4 sq mi
ZIP Area
460
Density / Sq Mi
$55,473
Median Household Income
$36,864
Median Earnings
$965
Median Rent
$295,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Turnkey mobile home park with 13 lots, 8 occupied, and site utilities including private well and individual electric meters.
Where is this mobile home & rv park located?
The property is located at 4920 PARSONS POINT Road Hernando, FL.
What is the asking price?
The asking price for this property is $1,160,000.
What are key features of this property?
This property features: Park‑owned mobile home park with 13 total lots (8 occupied) plus 4–5 vacant pads.; Gross monthly income approx. $7,300 with stated room to increase across all units.; Site utilities include private well with new filter system (2023), 5 septic tanks servicing 9 homes, and individual electric meters.
