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    9429 Us Highway 27 Fort White, FL 32038

    For Sale
    $2,750,000

    Turnkey RV Park, High Occupancy, Strong ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Exceptional investment opportunity: Sweetwater Campground, a fully entitled 14-unit turnkey RV park in Fort White, Florida (32038), is now available for $2,750,000. This Class B property boasts a 75% occupancy rate, generating a Pro-Forma NOI of $328,056 and a Pro-Forma Cap Rate of 11.93%. Situated on 2 acres near the popular Ichetucknee Springs, this prime location ensures high demand. The property includes 14 fully furnished cabins, offering immediate revenue generation from camping fees and potential for additional amenities. The property is zoned A-3 and features a convenient location on 9429 SW US Highway 27. The asking price of $2,750,000 equates to $196,428.57 per unit. This turnkey operation presents a compelling investment opportunity with a strong potential for return. Fully entitled plans and land-only options are also available. The APN is 29-6S-16-03969-005. This is a rare opportunity to acquire a thriving RV park in a desirable location.

    Property Features for 9429 Us Highway 27

    General Information

    Property type
    Multifamily properties
    Class
    B
    Lot Size
    87,120 SF

    Building Details

    Units
    14

    HighLights

    • $2,750,000 asking price for this 14‑unit RV park.
    • Multifamily, Class B RV park investment opportunity.
    • 11.93% pro‑forma cap rate with $328,056 pro‑forma NOI.
    • 75% occupancy rate.
    • Located on 2 acres in Fort White, FL (APN: 29‑6S‑16‑03969‑005), near Ichetucknee Springs.
    • Zoned A‑3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Auto Repair Shop Bar & Pub Garden Center Electrical Service Cafe & Coffee Shop Car Rental

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort White
    County
    Columbia
    State
    Florida
    Longitude
    -82.736441
    Latitude
    29.938971

    Nearby Comparable

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    Nearby Similar for Sale

    • New
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    • $4,918,500

      Circle M Ranch Riverfront Oasis

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    • $169,000

      Concrete Block Warehouse For Sale

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    FAQs

    What type of property is this?
    Multifamily property - Turnkey RV Park, High Occupancy, Strong ROI
    Where is this multifamily property located?
    The property is located at 9429 Us Highway 27 Fort White, FL.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: $2,750,000 asking price for this 14-unit RV park.; Multifamily, Class B RV park investment opportunity.; 11.93% pro-forma cap rate with $328,056 pro-forma NOI.
    Request Owner's contact information
    9429 Us Highway 27 Fort White, FL 32038
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    Fort White, FL 32038
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9429 Us Highway 27 Fort White, FL 32038
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