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2711 Ormond Ave - 2.41 acre Mobile Home Park | Panama City, FL 6,480 SF Specialty Building Offered at $1,250,000 at a 14.17% Cap Rate in Panama City, FL 32405
Investment Highlights
- 10 Newer Mobile Homes on 2.41 Acres – Well-maintained mobile home park featuring 10 homes built between 2018-2020 across a 2.41-acre property.
- Separate Utility Meters – Each home has its own water and electric meter, helping reduce owner expenses and simplify management.
- Prime Panama City Location – Conveniently located on Ormond Ave near shopping, restaurants, schools, healthcare, and major employment centers.
- Strong Income Potential – Projected gross rent of $16,313/month with an estimated NOI of $177,122/year, offering attractive cash flow.
- Additional Storage Building – Centrally located storage building provides added functionality for maintenance, equipment, or tenant use.
- High-Demand Affordable Housing – Bay County continues to experience strong demand for quality, affordable housing and supporting long-term occupancy
Executive Summary
Address: 2711 Ormond Ave Panama City, FL 32405
County: Bay County
Parcel ID: 12486-000-000
Building size: 11,520 sqft
Land size: 2.41 acres
Zoning: RLD
Layout: 10 Mobile Homes
Sewer: Connected
Water: City Water. Connected
Electric: Connected
Road Access: Yes
Flood Zone: Yes
Wetlands: No
Opportunity zone: False
All units built between 2018-2020 and have their own water and electric meters. Additional Storage building is located in the center.
Rent Info:
Potential Gross Rent: $16,313/month
Potential NOI: $177,122
Showing property visits by appointment only.
Call\ Text to schedule
Disclaimer: Acre Expert LLC is a team of real estate developers and investors. We buy, sell, and hold properties for investment purposes.
We are not licensed real estate brokers. This property is being marketed based on our equitable interest via an assignable contract or as the property owner.
All Information provided is preliminary and subject to change. Acre Expert LLC makes no guarantees regarding accuracy, lease terms, or financials. The buyer must conduct independent due diligence and verify all details.
County: Bay County
Parcel ID: 12486-000-000
Building size: 11,520 sqft
Land size: 2.41 acres
Zoning: RLD
Layout: 10 Mobile Homes
Sewer: Connected
Water: City Water. Connected
Electric: Connected
Road Access: Yes
Flood Zone: Yes
Wetlands: No
Opportunity zone: False
All units built between 2018-2020 and have their own water and electric meters. Additional Storage building is located in the center.
Rent Info:
Potential Gross Rent: $16,313/month
Potential NOI: $177,122
Showing property visits by appointment only.
Call\ Text to schedule
Disclaimer: Acre Expert LLC is a team of real estate developers and investors. We buy, sell, and hold properties for investment purposes.
We are not licensed real estate brokers. This property is being marketed based on our equitable interest via an assignable contract or as the property owner.
All Information provided is preliminary and subject to change. Acre Expert LLC makes no guarantees regarding accuracy, lease terms, or financials. The buyer must conduct independent due diligence and verify all details.
Property Facts
| Price | $1,250,000 | Building Class | C |
| Price Per SF | $108.51 | Lot Size | 2.41 AC |
| Sale Type | Investment | Building Size | 11,520 SF |
| Cap Rate | 14.17% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2020 |
| Property Subtype | Trailer/Camper Park | ||
| Zoning | RLD | ||
| Price | $1,250,000 |
| Price Per SF | $108.51 |
| Sale Type | Investment |
| Cap Rate | 14.17% |
| Property Type | Specialty |
| Property Subtype | Trailer/Camper Park |
| Building Class | C |
| Lot Size | 2.41 AC |
| Building Size | 11,520 SF |
| No. Stories | 1 |
| Year Built | 2020 |
| Zoning | RLD |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 12486-000-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $208,059 |
Property Taxes
Parcel Number
12486-000-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$208,059
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2711 Ormond Ave - 2.41 acre Mobile Home Park | Panama City, FL
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