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    28872 Highway 19 Old Town, FL 32680
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    28872 Highway 19 Old Town, FL 32680

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    • Mobile home & RV parks
    Off-Market
    Property ID
    US18-5953508
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Suwannee River Bend RV Park / Campground & RV Park

    Property Details for 28872 Highway 19

    Property type
    Mobile home & RV parks
    Property subtype
    Campgrounds

    Description

    This exceptional 78-pad RV park in Old Town, Florida (Dixie County, zip code 32680), presents a unique investment opportunity. Located on a peninsula with direct access to the historic Suwannee River, the park boasts 48 waterfront sites and 30 interior pull-through and back-in sites. All sites feature concrete slabs, picnic tables, and fire pits, with 50/30 amp electrical service, city water, and septic sewer. Premium waterfront lots offer expansive pads and private over-water decks. Amenities include a covered and open community deck with furniture, a fenced dog run with a wash station, upgraded laundry facilities with Speed Queen appliances, and a clubhouse with a kitchen, dining area, and living room. Additional features include a large warehouse, nine site-built storage sheds, a double-wide mobile home suitable for offices or management housing, and ample boat and RV storage. The park is licensed for 85 sites, allowing for future expansion. Enjoy the Old Florida charm, abundant shade from ancient oak trees, and the opportunity to observe wildlife including manatees, turtles, alligators, and various bird species. Easy access from Highway 19/98/27 adds to its appeal. The property includes three buildings and 77 parking spaces. This is a well-maintained park with recent upgrades to septic, electrical, and other systems. The asking price is $3,999,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Old Town
    County
    Dixie
    State
    Florida
    Longitude
    -82.9417531
    Latitude
    29.5894702

    Comparable in this City

    • Contact for pricing

      36.9 Acres Recreational Park

      Recreational park on 36.9 acres with Suwannee River frontage.
      2878 NE 340Th St, Old Town, FL 32680
      View Details
    • $100,000
      1.11 Acres

      Suwannee Acreage with RV Setup

      Acreage near Suwannee River with RV carport and storage.
      1 855 Ave, Suwannee, FL 32680
      View Details
    • $89,000
      0.11 Acres

      RV Lot in Coastal Suwannee

      Own your private RV lot near Suwannee marina.
      33 217 St, Old Town, FL 32680
      View Details
    • $99,000
      5.00 Acres

      Wooded Land Near Suwannee River

      5-acre wooded property near springs and Suwannee River.
      4987 353 Ave, Old Town, FL 32680
      View Details
    • $35,000
      1.93 Acres

      Wooded Lot Near Suwannee River

      1.93-acre wooded lot, 3.5 miles from Suwannee River.
      Tbd Hwy 349 NE, Old Town, FL 32680
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      36.9 Acres Recreational Park

      Recreational park on 36.9 acres with Suwannee River frontage.
      2878 NE 340Th St, Old Town, FL 32680
      View Details
    • $100,000
      1.11 Acres

      Suwannee Acreage with RV Setup

      Acreage near Suwannee River with RV carport and storage.
      1 855 Ave, Suwannee, FL 32680
      View Details
    • $89,000
      0.11 Acres

      RV Lot in Coastal Suwannee

      Own your private RV lot near Suwannee marina.
      33 217 St, Old Town, FL 32680
      View Details
    • $99,000
      5.00 Acres

      Wooded Land Near Suwannee River

      5-acre wooded property near springs and Suwannee River.
      4987 353 Ave, Old Town, FL 32680
      View Details
    • $35,000
      1.93 Acres

      Wooded Lot Near Suwannee River

      1.93-acre wooded lot, 3.5 miles from Suwannee River.
      Tbd Hwy 349 NE, Old Town, FL 32680
      View Details
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    28872 Highway 19
    Old Town, FL 32680
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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    28872 Highway 19, Old Town, FL, 32680
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