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    Property profile & analytics

    2614 Springhill Rd Bonifay, FL 32425

    • Mobile home & RV parks
    For Sale
    View listing
    $825,000
    Value Estimation
    Location Intelligence
    Property ID
    US18-4972580
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 2614 Springhill Rd

    Property type
    Mobile home & RV parks

    Description

    This exceptional 10-unit mobile home park in Bonifay, Florida, presents a compelling value-add investment opportunity. Priced at $825,000, this Class B property boasts a strong 7.13% cap rate and a current NOI of $58,784. The park is 100% occupied with long-term tenants, offering immediate cash flow. The ten pads are each home to a park-owned mobile home

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bonifay
    County
    Holmes
    State
    Florida
    Longitude
    -85.712975
    Latitude
    30.7558761

    Comparable in this City

    • $525,000
      1 SF

      Occupied Mobile Home Park

      Fully occupied park with long-term tenants and park-owned homes.
      1004 North Oklahoma St, Bonifay, FL 32425
      View Details
    • $269,900
      31.00 Acres

      Bonifay, FL Land Parcel

      31-acre parcel suitable for RV park, multi-family, or equestrian use.
      177-A Land Hwy, Bonifay, FL 32425
      View Details
    • $825,000
      1 SF

      Bonifay Mobile Home Park

      Fully occupied mobile home park with long-term tenants in Bonifay.
      2614 Springhill Rd, Bonifay, FL 32425
      View Details
    • $1,250,000
      3.00 Acres

      Bonifay, FL Mixed-Use Land

      3 Acres, Prime Location, High Visibility
      0000 Waukesha St, Bonifay, FL 32425
      View Details
    • $2,600,000
      24,554 SF

      Bonifay Hotel - Prime Location

      62-Room Hotel, $2.6M, High-Traffic Area
      2210 Waukesha St, Bonifay, FL 32425
      View Details
    • $695,000
      0.75 Acres

      Corner Commercial Land For Sale

      Corner lot on Hwy 79 in Bonifay, Florida.
      0000 N Waukesha St, Bonifay, FL 32425
      View Details

    Similar Nearby for Sale

    • $525,000
      1 SF

      Occupied Mobile Home Park

      Fully occupied park with long-term tenants and park-owned homes.
      1004 North Oklahoma St, Bonifay, FL 32425
      View Details
    • $269,900
      31.00 Acres

      Bonifay, FL Land Parcel

      31-acre parcel suitable for RV park, multi-family, or equestrian use.
      177-A Land Hwy, Bonifay, FL 32425
      View Details
    • $825,000
      1 SF

      Bonifay Mobile Home Park

      Fully occupied mobile home park with long-term tenants in Bonifay.
      2614 Springhill Rd, Bonifay, FL 32425
      View Details
    • $1,250,000
      3.00 Acres

      Bonifay, FL Mixed-Use Land

      3 Acres, Prime Location, High Visibility
      0000 Waukesha St, Bonifay, FL 32425
      View Details
    • $130,000
      29.95 Acres

      Riverfront Timber Tract in Florida

      29.95 Acres, Choctawhatchee Riverfront
      0 Horseshoe Loop, Bonifay, FL 32425
      View Details
    • $1,900,000
      15,002 SF

      Highway 90 Hotel Investment

      Florida Hotel - 37 Rooms, $1.9M
      114 Highway 90, Bonifay, FL 32425
      View Details
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    2614 Springhill Rd
    Bonifay, FL 32425
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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
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