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29346425
29346442

8791 Highway 78 West, Okeechobee, FL 34974

Media Realty
Listed by Media Realty
$2,700,000
145 days on market
Updated 83 days ago

Dew Drop Inn RV Park

Details
APN 1-17-38-35-0A00-00005-0000
Property Type Multifamily
Sub Type RV Park
Units 57
Cap Rate 7.83%
NOI $211,538
Occupancy 88%
Pro-Forma Cap Rate 11.66%
Pro-Forma NOI $314,826
Broker Co-Op Yes
Class C
Year Built 1988
Acreage 3.900

57 Pad RV Park | Okeechobee FL

Marketing description

Dew Drop RV Park presents investors with a stabilized, income-generating asset located just 11 minutes from downtown Okeechobee. Strategically positioned adjacent to Lake Okeechobee RV Park, the property benefits from regional synergy and sustained tenant demand. The park comprises 63 total pads, with 57 currently occupied on lot-rent-only terms, offering immediate cash flow with operational upside.

Encompassing over 3.9 acres, the property features dual access points, paved interior roads, sub-metered public water, and septic infrastructure. Originally developed in 1988, the park has been well maintained and offers a low-intensity management profile. Dew Drop RV Park represents an attractive opportunity to acquire a quality RV park with in-place income, infrastructure durability, and upside through rent optimization and full occupancy.

Operating Summary (Stabilized vs Current)

Metric Current Market

Scheduled Gross Income $342,000 $376,200

Vacancy Allowance (12.00%) (7.95%)

Effective Gross Income (EGI) $300,960 $346,306

Pass-Thru Income $18,072 $76,014

Investment highlights

The Dew Drop Mobile Home Park sits on 3.9 acres and contains 57 pads with one folio.

The park consists of lot rents only as each mobile home is tenant owned.

The MHP is less than 5 miles to the central Business district of downtown Okeechobee

Value-Add Investment Opportunity

Listing Contacts

Media Realty
Listed by Media Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$211,538.00
$17,628.17/mo

Valuation Metrics

0
DSCR
7.83%
Cap Rate
7.83%
ROI

Map

Zoning

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RMH ResidentialSingle FamilyResidential Mobile Homes
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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