11980 Shiloh RdCedar Key, FL 32625

Property Details for 11980 Shiloh Rd

Year built

2010

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

12.70 AC

Property size (Sq ft)

4,200 SF

Property type

Parking lots & garages

APN

29800100

APU

29800100

Description

This exceptional investment opportunity presents 30 luxurious RV lots in a Cedar Key, Florida RV park, available for bulk purchase at $1,050,000. Built in 2010 and renovated in 2019, this 108,000 square foot property boasts a 10% cap rate and a $105,000 NOI. Each lot offers ample space (3,600 sq ft) and the park enjoys a 95% occupancy rate during peak season (late fall to winter). The property is conveniently located just 10 minutes from downtown Cedar Key on the Gulf Coast. On-site management handles all operations, minimizing maintenance and maximizing rental income. Lots can be retained for ongoing rental income or sold individually for a potential profit. The individual lot value significantly exceeds the bulk sale price. This turnkey operation provides a hassle-free path to substantial returns, with potential for additional income through work camper rentals. The property includes 30 parking spaces, one per unit. This is a rare opportunity to acquire a well-established, high-performing RV park portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $1,280,459

  6.5%

  $1,181,962

  7%

  $1,097,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,167,204

  Geo Method

  $1,167,204

• Alternative Use

  Use

  Valuation

  Residential

  $997,029

  Hospitality

  $913,273

  Educational

  $759,833

  Medical

  $785,964

  Retail

  $1,181,962

Location Insight

City

Cedar Key

County

Levy

State

Florida

Latitude

29.2182

Longitude

-82.9702

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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