Waterfront Mobile Home
For Sale
Contact for pricing
5564 W Bayshore Drive, Port Orange, FL 32127
Mobile home park with four owned manufactured homes, a studio apartment, and onsite laundry on city water and sewer.
Property Size5,000 SF
Price / SF$104
Days on Market117
Property Features for 5564 W Bayshore Drive
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Multifamily
Building Details
Units
5
Listing Agency:
Shoreline Realty
Listed By:
Matthew McLean · License #3342557
(386) 585-5571
Source:
Crexi
Added: Jun 29
Changed: Oct 11
Last Checked: Oct 23 at 4:14AM
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 Shoreline Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This waterfront mobile home park is located on a parcel originally platted for 11 spots. The park currently includes four manufactured park-owned homes, one studio apartment, and an onsite laundry facility.
The property is served by city water and sewer. Prospective buyers would need to complete their own due diligence with the city to determine how many additional units could be added. The seller notes there may be an opportunity to add two docks on the property, subject to city approval.
For buyers seeking a residential income asset with an existing unit mix and the potential to explore expansion through the city entitlement process, the current configuration provides a starting point to evaluate unit redevelopment and dock feasibility.
The property is served by city water and sewer. Prospective buyers would need to complete their own due diligence with the city to determine how many additional units could be added. The seller notes there may be an opportunity to add two docks on the property, subject to city approval.
For buyers seeking a residential income asset with an existing unit mix and the potential to explore expansion through the city entitlement process, the current configuration provides a starting point to evaluate unit redevelopment and dock feasibility.
Key Highlights
- Mobile home park on Rose Bay with 4 manufactured park‑owned homes, plus 1 studio apartment and an onsite laundry facility
- Parcel originally platted for 11 spots; current setup includes 4 homes and 1 studio, and additional units may be possible with city approval
- Possibility to build two docks on the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,100
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,000
$762.0K
Cap Rate 7%
$544,286
$544.3K
Cap Rate 9%
$423,333
$423.3K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$77.4K $15.48/SF
− Vacancy
−$8.1K −$1.63/SF
EGI
$69.3K $13.85/SF
− OpEx
−$31.2K −$6.23/SF
NOI
$38.1K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,000
Cap Rate 7%
$544,286
Cap Rate 9%
$423,333
Alternative Uses
Best Use
Apartment 5plus
$544.3K
$476.3K – $635.0K
NOI $38,100 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,200 @ 7.0% cap · market cap 19.85%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
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Business Placement
Demographics for 32127, FL
29,999
Population
15,898
Households
1.9
Avg Household Size
53
Median Age
30%
College-Educated
94%
High-School Grad
14.9 sq mi
ZIP Area
2,013
Density / Sq Mi
$65,260
Median Household Income
$39,196
Median Earnings
$1,324
Median Rent
$301,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Mobile home park with four owned manufactured homes, a studio apartment, and onsite laundry on city water and sewer.
Where is this mobile home & rv park located?
The property is located at 5564 W Bayshore Drive Port Orange, FL.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Mobile home park on Rose Bay with 4 manufactured park‑owned homes, plus 1 studio apartment and an onsite laundry facility; Parcel originally platted for 11 spots; current setup includes 4 homes and 1 studio, and additional units may be possible with city approval; Possibility to build two docks on the property
