9429 Us Highway 27 Fort White, FL 32038
- Retail space
- 3,567 SF
- 2.00 lot acres
Current Use by Public Records
- Retail space
Property Details for 9429 Us Highway 27
- Year built
- 1974
- Construction
- FRAME
- Lot size
- 2.00 lot acres
- Property size
- 3,567 SF
- Zone code
- CG
- Property type
- Retail space
- APN
- 29-6S-16-03969-005
- APU
- 296S1603969005
Description
Exceptional investment opportunity: Sweetwater Campground, a fully entitled 14-unit turnkey RV park in Fort White, Florida (32038), is now available for $2,750,000. This Class B property boasts a 75% occupancy rate, generating a Pro-Forma NOI of $328,056 and a Pro-Forma Cap Rate of 11.93%. Situated on 2 acres near the popular Ichetucknee Springs, this prime location ensures high demand. The property includes 14 fully furnished cabins, offering immediate revenue generation from camping fees and potential for additional amenities. The property is zoned A-3 and features a convenient location on 9429 SW US Highway 27. The asking price of $2,750,000 equates to $196,428.57 per unit. This turnkey operation presents a compelling investment opportunity with a strong potential for return. Fully entitled plans and land-only options are also available. The APN is 29-6S-16-03969-005. This is a rare opportunity to acquire a thriving RV park in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $135,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $160,000
- 6.5%
- $165,000
- 7%
- $145,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $145,000
- Geo Method
- $140,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $190,000
- Retail
- $145,000
- Mixed-Use
- $145,000
- Hospitality
- $165,000
- Educational
- $155,000
- Residential Income
- $165,000
- Energy
- $145,000
- Income-Based Land
- $170,000
- Food Service
- $190,000
Location Insight
- Map
- Local Demand
- City
- Fort White
- County
- Columbia
- State
- Florida
- Longitude
- -82.7364
- Latitude
- 29.939
- CBSA code
- 29380
- CBSA name
- LAKE CITY, FL MICROPOLITAN STATISTICAL AREA