Venice Isle Mobile Home
For Sale
$139,900
824 CERVINA Dr, Venice, FL 34285
Resident-owned 55+ mobile home park with extensive amenities.
Property Size1,152 SF
Lot Size0.15 Acres
Days on Market274
Property Features for 824 CERVINA Dr
General Information
Standard status
Active
Size
1,152 SF
Lot size
0.15 Acres
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$1,984
Building Details
Building Size
1,152 SF
Year Built
1977
Stories
1
Listing Agency:
VENICE ISLE REAL ESTATE SALES
(941) 485-7743
Listed By:
Neville Demo · License #652016
(941) 485-7743
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 19
Last Checked: Aug 29 at 10:29AM
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 VENICE ISLE REAL ESTATE SALES
Investment Insights
Based on property information with market context.
Venice Isle is a resident-owned mobile home park for residents over 55. The park contains close to 1000 homes with active residents. The park offers amenities including two clubhouses, two tennis courts, a fitness center, two heated pools, two hot tubs, saunas, putting greens, shuffleboard, Bocce ball, miniature golf, art rooms, a pool room, TV lounges, card rooms, a library, horseshoes, ceramic kilns, and two ballrooms. The park also hosts Sunday services and other gatherings and shows.
Key Highlights
- Premier resident‑owned 55+ mobile home park in Venice.
- Extensive amenities including 2 clubhouses, 2 heated pools, 2 hot tubs, fitness center, and more.
- Active community with frequent park gatherings and shows.
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
$10,491
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
7.50%
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%
$209,820
$209.8K
Cap Rate 7%
$149,871
$149.9K
Cap Rate 9%
$116,567
$116.6K
Market Conditions
NOI Build-Up for 1,152 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
$21.3K $18.48/SF
− Vacancy
−$2.2K −$1.92/SF
EGI
$19.1K $16.56/SF
− OpEx
−$8.6K −$7.45/SF
NOI
$10.5K $9.11/SF
Area
Sarasota County, FL
Vacancy
10.40%
Lease Rate
$18.48 /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%
$209,820
Cap Rate 7%
$149,871
Cap Rate 9%
$116,567
Alternative Uses
Best Use
Apartment 5plus
$149.9K
$131.1K – $174.9K
NOI $10,491 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$327.4K
$286.5K – $382.0K
NOI $22,919 @ 7.0% cap · market cap 16.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
Explore this area
Business Placement
Demographics for 34285, FL
18,971
Population
16,081
Households
1.2
Avg Household Size
70
Median Age
40%
College-Educated
95%
High-School Grad
8.3 sq mi
ZIP Area
2,286
Density / Sq Mi
$67,712
Median Household Income
$37,959
Median Earnings
$1,485
Median Rent
$295,400
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 - Resident-owned 55+ mobile home park with extensive amenities.
Where is this mobile home & rv park located?
The property is located at 824 CERVINA Dr Venice, FL.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Premier resident‑owned 55+ mobile home park in Venice.; Extensive amenities including **2 clubhouses, 2 heated pools, 2 hot tubs, fitness center**, and more.; Active community with frequent park gatherings and shows.
