Investment Overview

Marcus & Millichap is pleased to present Red Raider RV Park, a 84-space RV park in Shallowater City, TX. The park is located off U.S. 84 and less than 10 miles from Texas Tech University. Red Raider RV Park is being offered at an 7.74 percent capitalization rate with an estimated net operating income of $154,823. Seller financing is available, please see the terms on page four. The Park has 84 total RV lots, 15 pull-through spaces, large bathrooms, walk-in showers, laundry room (two washers & two dryers), internet & Wifi, and a playground. The Park historically operates at 65 percent occupancy. The park charges a monthly rate of $330 plus electric, a weekly rate of $200, and a daily rate of $40/$50. The park runs on a well and septic system. The water, sewer, trash, and internet/Wi-Fi are all included in rent. Electricity is submetered and the current owner recaptures the cost. Management is currently being compensated $42,000 a year. Please do not visit park without prior approval. Please arrange property tours with Marcus & Millichap listing agents.