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RV Park

Dad's RV Park

203 Hopkins St, Victoria, TX 77901

Listing Price: $5,350,000

Cap Rate
7.04%
Number of Spaces
139
Lot Size
18.38 acres
Occupancy
96.0%
Price/Space
$38,489
Spaces/Acre
7.56
Year Built
1984

Investment Overview

Dad’s RV Park is a 138-site RV park located in Victoria, Texas between the major cities of San Antonio and Houston. The park sits on over 18 acres and has a total of 136 RV spaces and 2 mobile homes. The amenities include a clubhouse, Wi-Fi, cable, onsite laundry, dog park, exercise equipment, BBQ area, bathrooms, and showers. The park operates on city water and sewer, and currently pays all the utility costs. The current manager is onsite and would be open to staying onboard for future ownership. The city of Victoria, Texas offers many local attractions including Riverside Park, The 1892 Victoria County Courthouse, The Texas Zoo, Coleto Creek Park & Reservoir, and the Museum of the Coastal Bend. The major employers in Victoria include Victoria Independent School District, Formosa Plastics, and Citizens Medical Center. These major employers employ thousands of residents per year which creates a need for long term and short-term housing for residents. The asset is less than 3 miles away from the three major highways of Highway 77, Highway 59, and Highway 87. There are also 5 undeveloped acres which can be used to add around 40 more sites. Dad’s RV Park is being offered at a day one capitalization rate of 7.04 percent and a pro forma capitalization rate of 7.65 percent.

Investment Highlights

  • Offered at Day One Cap Rate of 7.04%
  • Opportunity to Expand Number of Sites
  • Park Operates on City Water and City Sewer
  • Strong Management Open to Staying for Future Ownership
  • Located Near Three Major Highways

Exclusively Listed By

Listing Price: $5,350,000

Cap Rate
7.04%
Number of Spaces
139
Lot Size
18.38 acres
Occupancy
96.0%
Price/Space
$38,489
Spaces/Acre
7.56
Year Built
1984

Investment Highlights

  • Offered at Day One Cap Rate of 7.04%
  • Opportunity to Expand Number of Sites
  • Park Operates on City Water and City Sewer
  • Strong Management Open to Staying for Future Ownership
  • Located Near Three Major Highways

Investment Overview

Dad’s RV Park is a 138-site RV park located in Victoria, Texas between the major cities of San Antonio and Houston. The park sits on over 18 acres and has a total of 136 RV spaces and 2 mobile homes. The amenities include a clubhouse, Wi-Fi, cable, onsite laundry, dog park, exercise equipment, BBQ area, bathrooms, and showers. The park operates on city water and sewer, and currently pays all the utility costs. The current manager is onsite and would be open to staying onboard for future ownership. The city of Victoria, Texas offers many local attractions including Riverside Park, The 1892 Victoria County Courthouse, The Texas Zoo, Coleto Creek Park & Reservoir, and the Museum of the Coastal Bend. The major employers in Victoria include Victoria Independent School District, Formosa Plastics, and Citizens Medical Center. These major employers employ thousands of residents per year which creates a need for long term and short-term housing for residents. The asset is less than 3 miles away from the three major highways of Highway 77, Highway 59, and Highway 87. There are also 5 undeveloped acres which can be used to add around 40 more sites. Dad’s RV Park is being offered at a day one capitalization rate of 7.04 percent and a pro forma capitalization rate of 7.65 percent.

Exclusively Listed By

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