1801 Border StPensacola, FL 32505

Property Details for 1801 Border St

Year built

1970

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

6.49 AC

Property size (Sq ft)

750 SF

Zone code

HDMU

Property type

Retail properties

Property subtype

Parking lots & garages

APN

34-2S-30-0340-001-034

APU

342S300340001034

Description

This exceptional 100-pad mobile home park, situated on 6.49 acres in Pensacola, Florida, presents a compelling investment opportunity. Priced at $4,990,000 ($49,900 per pad), this established park boasts a substantial net operating income (NOI) of $536,498, yielding a strong 10.875% cap rate. Built in 1970, the park's prime location near major amenities, including Lowe's, Home Depot, Walmart, and US-90, ensures consistent occupancy and high demand. The spacious layout offers ample room for residents while maintaining a well-organized community. The property is offered as a turnkey investment, requiring minimal maintenance or upgrades, and presents significant growth potential through rent increases, amenity enhancements, or service expansions. The property is conveniently located in Escambia County, Florida, with the address being 1801 Border St, Pensacola, FL 32505. This is an ideal acquisition for investors seeking a high-performing, cash-flowing asset in a thriving market. The sale is structured to accommodate a 1031 exchange. This owner-user investment offers a rare chance to acquire a well-established and profitable mobile home park in a desirable location. The property's strong financial performance, coupled with its strategic location and growth potential, makes it an attractive investment for both seasoned investors and those seeking portfolio diversification.

• CAP approach

  CAP return

  Valuation

  6%

  $149,317

  6.5%

  $137,831

  7%

  $127,986

• Comparable approach

  Method

  Valuation

  Relative Method

  $127,919

  Geo Method

  $134,360

• Alternative Use

  Use

  Valuation

  Residential

  $116,265

  Hospitality

  $106,499

  Educational

  $88,606

  Medical

  $91,653

  Retail

  $137,831

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4331

Longitude

-87.2645

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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