1801 Border StPensacola, FL 32505

  • Parking lots & garages
  • 750 SF
For Sale
$4,990,000 View listing

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
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $113,370
    6.5%
    $104,649
    7%
    $97,174.50
  • Comparable approach

    Method
    Valuation
    Relative Method
    $52,791.90
    Geo Method
    $55,450.20
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $200,907
    Mixed-Use / Specialty
    $105,557
    Hospitality / Lodging
    $79,111.50
    Office
    $106,264
    Institutional / Educational
    $110,195
    Residential Income
    $128,928
    Multifamily
    $147,528
    Automotive / Energy
    $94,452.60
    Parking / Income-Based Land
    $31,329
    Restaurant / Food Service
    $57,634.60
    Healthcare / Senior Housing
    $106,933

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,659
-
-
$529,157
-
$97,350
$431,807
$529,157

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message