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Property profile & analytics
OFF-MARKET Estimated value $895,000
Mobile home & RV parks

10605 Lithia Pinecrest Rd Lithia, FL 33547-2628

3,022 SF 2.48 ac lot Built 1987
Entity Owned 27-yr Hold Free & Clear
Property ID
US18-3395579
Property summary
AI-generated overview

This exceptional investment opportunity in Lithia, Florida, presents a unique blend of commercial and residential real estate. The property encompasses 4.91 acres and features a Class B, 6,182 square foot building complex, including a 3,022 square foot warehouse currently under a three-year lease with a 10% annual rent increase, and a 3,150 square foot house. The property also includes an eight-pad RV park with four park-owned mobile homes, currently operating at 98% occupancy. The warehouse tenant also leases one RV pad. The remaining tenants are on month-to-month leases. The property boasts a strong net operating income (NOI) of $78,198, representing a 6.26% capitalization rate. The asking price is $1,250,000, with seller financing considered for qualified buyers with a 30-40% down payment. Built in 1987, this single-story property offers a diverse income stream and significant potential for future growth. The property's location in Hillsborough County, Florida, provides easy access to major transportation routes and amenities. This is a fee-simple ownership opportunity with a proven track record of profitability. The property includes two buildings and generates a gross revenue of $102,228 (2024 projection). One RV space is currently vacant. The property's APN is U 22 30 22 ZZZ 000005 21980.0.

Property profile
Verified
Property type Mobile home & RV parks
Use group MOBILE HOME PARK, TRAILER PARK
Year built 1987
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,022 SF
Lot 2.48 ac (108,029 SF)
Zoning code AR
APN U223022ZZZ000005219800
UPID US18-3395579
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Grant's Inc Industrial Supply Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$763k
Blend (final) Blend
$895k
Owner & transaction history
New Wave Sports INC · 27 yrs held
New Wave Sports INC
since 1998
1 recorded transaction
1998
$220,000
Zoning & alternative use
AR · Lithia, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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