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    5435 Lewellyn Rd Lakeland, FL 33810
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    5435 Lewellyn Rd, Lakeland, FL 33810

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    • Mobile home & RV parks
    For Sale
    $5,000,000
    View Listing →
    Mobile Home Park with Retail For Sale
    $5,000,000
    4.25 Acres

    Mobile Home Park with Retail

    46-space mobile home community with retail building in Lakeland.

    5435 LEWELLYN ROAD, Lakeland, FL 33810
    View Listing
    Property ID
    US18-2871453
    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

    • Templo Bethesda Casa De Misericordia Asamblea De Iglesias Cristianas Inc. / Church / Mosque
    • Country Villa / Hotel & Motel / Resort
    • Taqueria San Miquel de Yuriria / Restaurant
    • Art With Hart Ceramics / General Contractor / Renovation Specialist

    Property Details for 5435 Lewellyn Rd

    Property type
    Mobile home & RV parks

    Description

    This exceptional investment opportunity presents a 46-unit mobile home park situated on a 4.25-acre lot in Lakeland, Florida, at 5435 Lewellyn Road, zip code 33810. Built in 1970, the park boasts a mix of single and double-wide homes, comprising 43 landlord-owned rental units, two resident-owned homes, and a commercial building. The property offers a stable income stream due to its long-term residents and convenient location near amenities, schools, and major roadways. An on-site manager ensures smooth operations, making this a turnkey investment. Resident amenities include locked mailboxes, shuffleboard courts, paved roads, and street lighting. The asking price for this established mobile home community is $5,800,000. This property presents a strong cash-on-cash return potential for investors seeking a stable and established income-generating asset in a desirable Florida location. The park's established infrastructure and resident amenities contribute to its appeal and long-term viability. This is a rare opportunity to acquire a well-maintained and profitable mobile home park in a growing market.

    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
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -82.0219494
    Latitude
    28.1122249

    Comparable in this City

    • Contact for pricing

      Mobile Home Park with Retail

      46-space mobile home community with retail building in Lakeland.
      5435 Lewellyn Rd, Lakeland, FL 33810
      View Details
    • $147,900
      0.72 Acres

      Prime Lakeland Land Opportunity

      5.56 acres in North Lakeland with frontage and development potential.
      1225 Duff Rd, Lakeland, FL 33810
      View Details
    • Contact for pricing

      Corner Lot in Well-Known Area

      Corner lot in a well-known area with light controlled corner.
      3020 Knights Station Rd, Lakeland, FL 33810
      View Details
    • Contact for pricing

      North Lakeland Commercial Ready Lots

      Commercial, retail, and office lots in high-growth North Lakeland.
      3160 Private Franklin Dr, Lakeland, FL 33810
      View Details
    • $200,000
      4.80 Acres

      Residential Land in Growing Lakeland

      4.8-acre parcel ideal for residential development or long-term investment.
      11711 Lakeland Acres Rd, Lakeland, FL 33810
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mobile Home Park with Retail

      46-space mobile home community with retail building in Lakeland.
      5435 Lewellyn Rd, Lakeland, FL 33810
      View Details
    • $147,900
      0.72 Acres

      Prime Lakeland Land Opportunity

      5.56 acres in North Lakeland with frontage and development potential.
      1225 Duff Rd, Lakeland, FL 33810
      View Details
    • Contact for pricing

      Corner Lot in Well-Known Area

      Corner lot in a well-known area with light controlled corner.
      3020 Knights Station Rd, Lakeland, FL 33810
      View Details
    • Contact for pricing

      North Lakeland Commercial Ready Lots

      Commercial, retail, and office lots in high-growth North Lakeland.
      3160 Private Franklin Dr, Lakeland, FL 33810
      View Details
    • $200,000
      4.80 Acres

      Residential Land in Growing Lakeland

      4.8-acre parcel ideal for residential development or long-term investment.
      11711 Lakeland Acres Rd, Lakeland, FL 33810
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Lakeland, Florida.
      2905 Duff Rd, Lakeland, FL 33810
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Lakeland Center

      Retail space with high traffic and easy highway access.
      2250-2390 Griffin Rd, Lakeland, FL 33810
      View Details
    • $96,000
      Pending

      Flex Space with I-4 Visibility

      4,000±sf flex space with office and warehouse areas.
      3705 Frontage Rd N, Lakeland, FL 33810
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Growing Lakeland

      Retail space available in a high-visibility shopping center.
      2905-2977 Duff Rd, Lakeland, FL 33810
      View Details
    View Listing
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    Lakeland, FL 33810
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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.

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