Investment Overview

Marcus & Millichap is pleased to present New Adventure RV Park, a 15-space RV park in Coldspring, TX. The park is located two miles from Lake Livingston, 6.7 miles from Double Lake Recreation Area, and 12 miles from the Sam Houston National Forest’s Big Creek Scenic Area. New Adventure RV Park is being offered at a 8.11 percent capitalization rate with an estimated net operating income of $26,778. The Park has 15 total RV lots with 10 plus acres of land to develop on, a front office, full restrooms/showers, a laundromat with two park owned washers and two park owned dryers, a game/BBQ pit area, and a 1,200 sqft house that’s two bed and bath. The current owner has already invested money into market research and expansion plans for 80 plus additional spaces. This information is available upon request. The Park historically operates at 90-100 percent occupancy. Thirteen of the fifteen spaces are occupied by long term residents (six months plus). The park charges a monthly rate of $395 a month which is below market. Other parks in town charge between $450-$550 a month. Utilities at the park are Camilla Water Supply and septic-spray field. The Park has one dumpster that is emptied out once a week. The water, sewer, and trash are all included in rent. Electricity is individually metered and the current owner recaptures $0.13/kw. The current on-site manager is compensated $60,000 a year and lives in the house on the park.