RV Park

Southridge RV Park

268 S Highway 163, Ozona, TX 76943

Listing Price: $565,000

Cap Rate
29.64%
Occupancy
100.0%
Spaces/Acre
20.00

Investment Overview

Southridge RV park in Ozona Texas is located within the southern edge of the Permian Basin. The park has 60 total spaces renting for $500 per month and three additional park model homes renting for $1900 each per month. The park maintains high occupancy between 80% to 90% due to energy production and infrastructure development in oil, gas, solar, and wind related operations and services in the region. The park is ideally situated on the south side of town directly on Highway 163 and just over one mile from Interstate 10. Cap rate of 17.5% on 2019 actual income and 18.5% cap rate on 2019 pro forma. Upside by charging back each monthly site for electric utilities and raising rents.

Investment Highlights

  • Property Located Within the Permian Basin Region
  • 60 RV Sites and Three Park Owned Modular Homes
  • Average Occupancy 80% to 90%
  • Shortage of Housing Options in Ozona or Nearby Towns
  • 17.5% CAP rate on 2019 Income

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

Listing Price: $565,000

Cap Rate
29.64%
Occupancy
100.0%
Spaces/Acre
20.00

Investment Highlights

  • Property Located Within the Permian Basin Region
  • 60 RV Sites and Three Park Owned Modular Homes
  • Average Occupancy 80% to 90%
  • Shortage of Housing Options in Ozona or Nearby Towns
  • 17.5% CAP rate on 2019 Income

Investment Overview

Southridge RV park in Ozona Texas is located within the southern edge of the Permian Basin. The park has 60 total spaces renting for $500 per month and three additional park model homes renting for $1900 each per month. The park maintains high occupancy between 80% to 90% due to energy production and infrastructure development in oil, gas, solar, and wind related operations and services in the region. The park is ideally situated on the south side of town directly on Highway 163 and just over one mile from Interstate 10. Cap rate of 17.5% on 2019 actual income and 18.5% cap rate on 2019 pro forma. Upside by charging back each monthly site for electric utilities and raising rents.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

MM Texture Background
MM Textured Background Lower