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        <h1 _ngcontent-serverapp-c512="">$13,500,000</h1>
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 1. For Sale
 2. Multifamily
 3. FL
 4. Reddick
 5. Ocala North RV Resort
    


Request Info

Street View
Map View
Gallery 14
1 Video




OCALA NORTH RV RESORT

2021 Fully Renovated 385-Site Resort in Florida's Horse Country off I-75
Download OMFlyer

Submit LOI


LISTING CONTACTS

See All (3)
 * Mike NissleyPro
   License: FL SL3011182
   Phone Number: Sign Up or Log In to see phone number
   View my profile
 * Bill Haldane
   License: SL3187771
   Phone Number: Sign Up or Log In to see phone number
   View my profile
   


ACTIVE

Asking Price:$27,000,000
Learn more
 * Property


 * DUE DILIGENCE

   
   

Address 


16905 NW HWY 225, REDDICK, FL 32686

Show on Map
Date Added
Dec 10, 2021
Days on Market
45 days
Time Since Last Update
5 days


DETAILS

Property TypeMultifamily
SubtypeSenior Living, Mobile Home Park, RV Park
Investment TypeStabilized
Investment Sub TypeValue Add
ClassA
Cap Rate8.40%
Units385
Pads385
Year Built~1990s
Year Renovated2021
ZoningRVP
Lot Size (acres)74.32
Price/Unit$70,129.87


MARKETING DESCRIPTION

Ocala North RV Resort is a 385-site resort with five star amenities spanning 74
acres, located in a shaded and serene setting in Florida’s Horse Country, within
15 miles of the World Equestrian Center, with major frontage along I-75 in
Central Florida.




CALL FOR OFFERS - DUE FRIDAY, JANUARY 21st

The asking price for the resort is $27,000,000 ($70,100/site).  

The property is underwritten at a 8.4% untrended, stabilized cap rate.  




There is also an opportunity to purchase a larger RV portfolio inclusive of
1,000+ RV sites.  

For more Information on this opportunity, please contact Bill Haldane at Bill.
Haldane@colliers. com or MHRVGroup@colliers. com.




INVESTMENT HIGHLIGHTS

 * 10 / 10 / 10 Good Sam Rating
 * New Private Well / New Private Waste Water Treatment Plant
 * There is an additional 15-site expansion opprtunity
 * Opportunity to purchase a Class-A, five star RV resort prior to full
   stabilization at a discount to market value.
 * The RV resort consists of 184 legacy sites and 201 new sites that were
   completed in 2021. 
 * Approximately 50% of sites are large pull-thrus - no other RV park in the
   area is as Big-Rig friendly


VALUATION CALCULATOR

Purchase Price
Net Operating Income
Down Payment

50
Interest Rate
Term (years)
Loan Amount



$13,500,000

Annual Debt Service



$727,452.39

$60,621.03 /MO

Annual Cash Flow



$--

$-- /MO


VALUATION METRICS


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--
DSCR

--
Cap Rate

--
ROI

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INSIGHTS BY CREXI INTELLIGENCE


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1 mile
3 miles
5 miles


Current Demographics

Population
656k
4%
Compared to 284k in 2016
4%
Compared to 490k in 2019
2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 0 0 500k 500k
Household Income
$81.1k

Median Income
$80k
2025 Estimate
2%
Growth Rate
Under $25k Under $25k $25k-$50k $25k-$50k $50k-$100k $50k-$100k $100k-$150k
$100k-$150k Over $150k Over $150k
Age Demographics
63

Median Age
42
2025 Estimate
3%
Growth Rate
Under 18 Under 18 18-24 18-24 25-44 25-44 45-64 45-64 Over 64 Over 64
Number of Employees
99.3k
Top 5 Employment Categories

Sales & Related
Management
Production
Office & Administrative Support
Food Prep & Service
Housing Occupancy Ratio
4:1
8:1 predicted by 2025

Occupied
Vacant
Renter to Homeowner Ratio
5:1
2:1 predicted by 2025

Renters
Homeowner
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The Loan Amount is your Purchase Price minus the Down Payment.
Debt Service is the cash required to pay back the principal and interest of
outstanding debt for a particular period of time.
Your Cash Flow is the Net Operating Income (NOI) minus the Debt Service.
Debt Service Coverage Ratio (DSCR) is a measure of the cash flow available to
pay current debt obligations. It is calculated by dividing the Annual Debt
Service from the NOI
Capitalization Rate (Cap Rate) is calculated by dividing a property's Net
Operating Income by the current market value or your anticipated Purchase Price.
Your Return on Investment or cash-on-cash return measures the amount of cash
flow relative to the amount of cash invested in a property investment and is
calculated by dividing the Down Payment from the Annual Cash Flow.