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Property profile & analytics
OFF-MARKET
Retail space
9429 Us Hwy 27 Fort White, FL 32038
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-4071418
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Construction
FRAME
Total area
3,567 SF
Lot
2 ac (87,120 SF)
Zoning code
CG
APN
29-6S-16-03969-005
UPID
US18-4071418
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
K2 Development LLC · 4 yrs held
K2 Development LLC
since 2022
Last sale
$155,000
3 recorded transactions
Zoning & alternative use
CG · Fort White, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Commercial General
General category
COMMERCIAL
Zone area
85.85 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fort White submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort White submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,864
Tax year 2023
Assessed value
$94,710
Assessed 2023
Previous assessed
$85,657
+10.6% YoY
Effective rate
1.97%
On assessed value
Assessed land
$36,000
Assessed improvement
$58,710
Land market value
$36,000
Improvement market value
$58,710
Total market value
$94,710
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1974
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Rooms
1
Bathrooms
1
Total area
3,567 SF
Lot
2 ac (87,120 SF)
Zoning code
CG
APN
29-6S-16-03969-005
UPID
US18-4071418
Jurisdiction
COLUMBIA
Zoning & alternative use
CG · Fort White, FLZoning CG · permitted uses
CG · Fort White, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Commercial General
General category
COMMERCIAL
Zone area
85.85 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1974
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Bathrooms
1
Lot
2 ac
Current owner
From public records · entity-resolved
K2 Development LLC
Entity
Free & Clear · 4 yrs held
Mailing address
792 SW BASCOM NORRIS DR, LAKE CITY, FL 32025-1365
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2022
$155,000
K2 Development LLC
Robert E Wooster
Warranty Deed
—
Dec 15, 2005
$135,000
Robert E Wooster
Mayer,fred L & Nancy
Warranty Deed
—
Dec 15, 2005
—
Fred L Mayer
Lanier,steven & Lonnie
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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