Property profile

1801 Border St Pensacola, FL 32505

OFF-MARKET
Parking lots & garages
Property ID
US18-0854829
750 SF 6.49 ac lot Built 1970
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 100-pad mobile home park, situated on 6.49 acres in Pensacola, Florida, presents a compelling investment opportunity. Priced at $4,990,000 ($49,900 per pad), this established park boasts a substantial net operating income (NOI) of $536,498, yielding a strong 10.875% cap rate. Built in 1970, the park's prime location near major amenities, including Lowe's, Home Depot, Walmart, and US-90, ensures consistent occupancy and high demand. The spacious layout offers ample room for residents while maintaining a well-organized community. The property is offered as a turnkey investment, requiring minimal maintenance or upgrades, and presents significant growth potential through rent increases, amenity enhancements, or service expansions. The property is conveniently located in Escambia County, Florida, with the address being 1801 Border St, Pensacola, FL 32505. This is an ideal acquisition for investors seeking a high-performing, cash-flowing asset in a thriving market. The sale is structured to accommodate a 1031 exchange. This owner-user investment offers a rare chance to acquire a well-established and profitable mobile home park in a desirable location. The property's strong financial performance, coupled with its strategic location and growth potential, makes it an attractive investment for both seasoned investors and those seeking portfolio diversification.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 750 SF
Lot 6.49 ac (282,704 SF)
Zoning code HDMU
APN 34-2S-30-0340-001-034
UPID US18-0854829

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Agricultural Supply Garden Center
  • Campground & RV Park

Location

1801 Border St Pensacola, FL 32505-5356
Pensacola metro Census 2000 PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.85M

Owner & transaction history

since 2022
Last sale
$2.1M
7 recorded transactions
2022
$2.1M
2018
$995,000
2016
Price N/A
2013
Price N/A
2011
$204,500
2005
$165,000
2004
$600,000

Zoning & alternative use

HDMU · Pensacola, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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