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.
Due to the limited data fields CoStar provides for mobile home and RV parks, please find the operating stack for Dew Drop Inn below
Annualized Operating Data
Current Rents Market Rent
Scheduled Gross Income: $342,000 $376,200
Less Vacancy Rate Reserve: 41,040 12.00% 29,894 7.95%
Effective Operating Income: 300,960 346,306
Pass-Thru Income 18,072 76,014
Total Income 319,032 $422,320
Less Expenses: 107,494 33.69% 107,494 25.45%
Net Operating Income: 211,538 $314,826