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RV Park

Groves RV Park

6345 Gulfway Dr, Groves, TX 77619

Listing Price: $3,350,000

Cap Rate
9.00%
Number of Spaces
93
Lot Size
4.08 acres
Occupancy
95.0%
Price/Space
$36,022
Spaces/Acre
22.79
Year Built
2017

Investment Overview

Marcus & Millichap is pleased to present Groves RV Park a 93-space RV resort in Groves, Texas. This quiet and adult atmosphere park is enjoyed by a mix of long-term tenants and temporary workers. The park is being offered at a 9.0 percent capitalization rate with an estimated net operating income of $301,569 . There are currently 93 RV spaces, 27 of which are occupied by fulltime tenants. The park offers free WiFi and TV and is just a short drive to Total Petrochemical USA, Inc., BASF Fina Petrochemical, Chevron Phillips Petrochemical, Valero Motiva Enterprises, LLC, Huntsman Corporation. The park has city water and city sewer. The park owns eight washers and eight dryers. The due diligence documents can be viewed here. The park is in a mix of the 100-year and 500-year flood zone. The park has a full time manager and a full time maintenance employee on staff.

Investment Highlights

  • City Water and City Sewer
  • Paved Sites and Access Roads
  • Office, Laundry Room, Bathrooms, and BBQ Areas
  • Built in 2017 by Current Owner
  • Short Drive to Numerous Large Employers

Exclusively Listed By

Financing By

RV Park

Groves RV Park

Listing Price: $3,350,000

Cap Rate
9.00%
Number of Spaces
93
Lot Size
4.08 acres
Occupancy
95.0%
Price/Space
$36,022
Spaces/Acre
22.79
Year Built
2017

Investment Highlights

  • City Water and City Sewer
  • Paved Sites and Access Roads
  • Office, Laundry Room, Bathrooms, and BBQ Areas
  • Built in 2017 by Current Owner
  • Short Drive to Numerous Large Employers

Investment Overview

Marcus & Millichap is pleased to present Groves RV Park a 93-space RV resort in Groves, Texas. This quiet and adult atmosphere park is enjoyed by a mix of long-term tenants and temporary workers. The park is being offered at a 9.0 percent capitalization rate with an estimated net operating income of $301,569 . There are currently 93 RV spaces, 27 of which are occupied by fulltime tenants. The park offers free WiFi and TV and is just a short drive to Total Petrochemical USA, Inc., BASF Fina Petrochemical, Chevron Phillips Petrochemical, Valero Motiva Enterprises, LLC, Huntsman Corporation. The park has city water and city sewer. The park owns eight washers and eight dryers. The due diligence documents can be viewed here. The park is in a mix of the 100-year and 500-year flood zone. The park has a full time manager and a full time maintenance employee on staff.

Exclusively Listed By

Financing By

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