Waterfront Mobile Home
5564 W Bayshore Drive Port Orange, FL 32127
5564 W Bayshore Drive, Port Orange, FL, 32127
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For Sale
Contact for pricing
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 Market24
Property Features for 5564 W Bayshore Drive
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Multifamily
Listing agency
Shoreline Realty
(386) 585-5571
Listed by
Matthew McLean · License #3342557
Source
Crexi
Added: Jun 29 Updated: Jul 22 at 8:46AM Checked: Jul 22 at 8:46AM
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
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
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.4k | $15.48 |
| − Vacancy | −$8.1k | −$1.63 |
| EGI | $69.3k | $13.85 |
| − OpEx | −$31.2k | −$6.23 |
| NOI | $38.1k | $7.62 |
5,000 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
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FAQs
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
