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RV Park

Red Raider RV Park

7322 County Rd 6100, Shallowater, TX 79363

Listing Price: $2,000,000

Cap Rate
7.74%
Number of Spaces
84
Lot Size
7.00 acres
Occupancy
65.0%
Price/Space
$23,810
Spaces/Acre
12.00
Year Built
2020

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.

Investment Highlights

  • Seller Financing Available
  • Less Than 10 Miles From Texas Tech University
  • Well & Septic
  • Electricity Reimbursement

Exclusively Listed By

Financing By

RV Park

Red Raider RV Park

Listing Price: $2,000,000

Cap Rate
7.74%
Number of Spaces
84
Lot Size
7.00 acres
Occupancy
65.0%
Price/Space
$23,810
Spaces/Acre
12.00
Year Built
2020

Investment Highlights

  • Seller Financing Available
  • Less Than 10 Miles From Texas Tech University
  • Well & Septic
  • Electricity Reimbursement

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.

Exclusively Listed By

Financing By

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