7-Unit Mobile Home
For Sale
$465,000
5433 SE 113TH Street, Belleview, FL 34420
Residential Income, BELLEVIEW, FL
Property Size2,406 SF
Lot Size0.21 Acres
Price / SF$193.27
Days on Market827
Property Features for 5433 SE 113TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B2
Bedrooms
12
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 12, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 9, Bedroom 8, Bedroom 11, Bathroom 5, Bedroom 1, Bathroom 7, Bathroom 3, Bedroom 7, Bathroom 4, Bathroom 6, Bedroom 5, Bedroom 10
Pets allowed
Yes
Interior features
Ceiling Fans(s), Thermostat
Exterior features
Fence
Fencing
Fenced
Appliances
Electric Water Heater, Range, Refrigerator
Subdivision
BELLEVIEW HEIGHTS
Lot features
City Limits, Paved
Directions
441 to Brown Ave head south. 1st right on 113th st
Standard status
Active
APN
38823-000-00
Size
2,406 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
SEC 36 TWP 16 RGE 22 PLAT BOOK D PAGE 003 BELLEVIEW HEIGHTS BLK C LOT 14 & W 1/2 LOT 13
Tax Annual Amount
3186
Legal Description
SEC 36 TWP 16 RGE 22 PLAT BOOK D PAGE 003 BELLEVIEW HEIGHTS BLK C LOT 14 & W 1/2 LOT 13
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Wall/Window Unit(s), Central Air, Window Unit(s)
Water source
Public
Building Details
Year built
1983
Floors in Building
1
Number of units
8
Flooring type
Vinyl, Laminate
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
LPT REALTY
(877) 366-2213
Listed By:
Nick Poulsen · License #3117186
(954) 520-1683
Added: May 16, 2024
Changed: Aug 20
Last Checked: Aug 20 at 4:06AM
MLS# G5081344
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Mobile home & RV parks opportunity featuring a 7-unit mobile home park. The property sits on a 0.21-acre lot and includes approximately 2,406 square feet of building area. Constructed in 1983 with metal siding and a metal roof, the park is equipped with central heating and central air, along with wall/window units. Interior features include ceiling fans and a thermostat, and appliances include an electric water heater, range, and refrigerator. A fence and fenced yard elements support tenant privacy and site definition.
Zoned B2, the property is in Belleview, Florida (Marion County). Public water and public sewer services are available. The site is described as being within walking distance to restaurants and shopping.
Additional property details include vinyl and laminate flooring throughout, plus electric and HVAC components consistent with central and window-style cooling.
Zoned B2, the property is in Belleview, Florida (Marion County). Public water and public sewer services are available. The site is described as being within walking distance to restaurants and shopping.
Additional property details include vinyl and laminate flooring throughout, plus electric and HVAC components consistent with central and window-style cooling.
Key Highlights
- 7‑unit mobile home park
- 0.21‑acre lot
- Zoned B2
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
$34,966
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
7.52%
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%
$699,320
$699.3K
Cap Rate 7%
$499,514
$499.5K
Cap Rate 9%
$388,511
$388.5K
Market Conditions
NOI Build-Up for 2,406 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
$67.8K $28.20/SF
− Vacancy
−$4.3K −$1.78/SF
EGI
$63.6K $26.42/SF
− OpEx
−$28.6K −$11.89/SF
NOI
$35.0K $14.53/SF
Area
Marion County, FL
Vacancy
6.30%
Lease Rate
$28.20 /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%
$699,320
Cap Rate 7%
$499,514
Cap Rate 9%
$388,511
Alternative Uses
Best Use
Apartment 5plus
$499.5K
$437.1K – $582.8K
NOI $34,966 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,970 @ 7.0% cap · market cap 19.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
Explore this area
Business Placement
Demographics for 34420, FL
17,969
Population
8,555
Households
2.1
Avg Household Size
45
Median Age
14%
College-Educated
91%
High-School Grad
24.1 sq mi
ZIP Area
746
Density / Sq Mi
$52,551
Median Household Income
$34,599
Median Earnings
$909
Median Rent
$192,600
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 - Zoned B2 mobile home park with public water and public sewer, central heating, and fenced property.
Where is this mobile home & rv park located?
The property is located at 5433 SE 113TH Street Belleview, FL.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 7‑unit mobile home park; 0.21‑acre lot; Zoned B2
