Investment Overview

Marcus & Millichap is pleased to present Lone Wolf Creek RV Village, a 59-space RV park in Colorado City, TX. The park is in the center of the Permian Basin with interstate I-20 frontage. Lone Wolf Creek RV Village is being offered at an 12.25 percent capitalization rate with an estimated net operating income of $128,591. The Park has 59 total RV lots with four plus acres of land to develop on, a clubhouse/camp store/fitness center, coin-operated laundry room (five washers & six dryers), bath/shower facilities, propane refills for sale, security cameras & lighting, and a fenced-in outdoor swimming pool. The Park historically operates between 85-90 percent occupancy. The park charges a monthly rate of $500, a weekly rate of $200, and a daily rate of $40. The current owners replaced the water well pump in 2021 and upgraded the network for the internet, Wi-Fi, and security in 2022. The park runs on all city utilities. The water, sewer, trash, and cable are all included in rent. The park has a water well for irrigation purposes. The new owner has the opportunity to submeter the park and recapture the cost of electricity. Management is currently being compensated $91,265 a year. Please do not visit park without prior approval. Please arrange property tours with Marcus & Millichap listing agents.