Investment Overview

Marcus & Millichap is pleased to present Castle Oaks RV Park, a 55-space RV park in Wallisville, TX. The park is located just off highway 10 and across the street from Lake Anahuac. Castle Oaks RV Park is being offered at an 7.41 percent capitalization rate with an estimated net operating income of $88,926. The Park has 55 total RV lots, 8 pull-through spaces, a shower facility, laundry room (two washers & two dryers), and internet & Wifi. The Park historically operates at 65 percent occupancy. The park charges a monthly rate of $400-$450, a weekly rate of $100, and a daily rate of $35. Other parks in the area charge between $475-$575 per month. The park runs on city water and sewer. The water, sewer, electricity, trash, and internet/Wi-Fi are all included in rent. Electricity is submetered and the new owner has the opportunity to charge back and recapture the cost of electricity. Management is currently being compensated $13,200 a year. Please do not visit park without prior approval. Please arrange property tours with Marcus & Millichap listing agents.