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RV Park

Advanced RV Resort

2850 South Sam Houston Parkway East, Houston, TX 77047

Listing Price: $16,000,000

Cap Rate
4.80%
Number of Spaces
235
Lot Size
19.99 acres
Occupancy
58.0%
Price/Space
$68,085
Spaces/Acre
11.76
Year Built
2008

Investment Overview

Advanced RV Resort is a 233-site RV Park located in Houston, Texas. The park sits on 20 acres and its amenities include Wi-Fi, cable, restrooms, showers, dog runs and wash, propane, workout room, club house, laundry, pool and spa, barbecue facilities and an air station. The park operates on city water and sewer, and currently pays for all the utilities except for electricity for month-to-month tenants. The current management lives onsite and is open to staying on board for the future owners. The city of Houston offers many local attractions including the Houston Space Center, Museum District, Buffalo Bayou Park, Houston Zoo and the Houston Livestock and Rodeo. Houston also gives both its visitors and residents access to Galveston Bay for fishing, boating and water sports which is less than an hour away. The major employers in Houston include Exxon Mobile, Memorial Hermann Health System, University of Texas MD Anderson, United Airlines, Methodist Hospital System, and UTMB Health. These major employers employ thousands of residents in the area each year which creates a need for long-term and short-term housing in the area for residents. According to Innovationmap.com, Houston is expected to gain over 1 million more residents in the next decade and will lead the nation’s metro areas for number of new residents again. The asset is less than 10 minutes away from the major highways of Sam Houston Tollway and State Highway 288. The park is also less than an hour away from the George Bush Intercontinental/Houston Airport. Advanced RV Resort is being offered at a day one capitalization rate of 4.8 percent and a pro forma capitalization rate of 5.8 percent.

Investment Highlights

  • Located in Houston, Texas - #2 City in US of Headquartered Fortune 500 Companies
  • Operates on City Water and Sewer, 100% Concrete Roads and Pads
  • Management Open to Staying On Board for New Owners
  • Less than 10 Miles from MD Anderson Hospital and 1 Hour from George Bush Intercontinental Airport

Exclusively Listed By

Listing Price: $16,000,000

Cap Rate
4.80%
Number of Spaces
235
Lot Size
19.99 acres
Occupancy
58.0%
Price/Space
$68,085
Spaces/Acre
11.76
Year Built
2008

Investment Highlights

  • Located in Houston, Texas - #2 City in US of Headquartered Fortune 500 Companies
  • Operates on City Water and Sewer, 100% Concrete Roads and Pads
  • Management Open to Staying On Board for New Owners
  • Less than 10 Miles from MD Anderson Hospital and 1 Hour from George Bush Intercontinental Airport

Investment Overview

Advanced RV Resort is a 233-site RV Park located in Houston, Texas. The park sits on 20 acres and its amenities include Wi-Fi, cable, restrooms, showers, dog runs and wash, propane, workout room, club house, laundry, pool and spa, barbecue facilities and an air station. The park operates on city water and sewer, and currently pays for all the utilities except for electricity for month-to-month tenants. The current management lives onsite and is open to staying on board for the future owners. The city of Houston offers many local attractions including the Houston Space Center, Museum District, Buffalo Bayou Park, Houston Zoo and the Houston Livestock and Rodeo. Houston also gives both its visitors and residents access to Galveston Bay for fishing, boating and water sports which is less than an hour away. The major employers in Houston include Exxon Mobile, Memorial Hermann Health System, University of Texas MD Anderson, United Airlines, Methodist Hospital System, and UTMB Health. These major employers employ thousands of residents in the area each year which creates a need for long-term and short-term housing in the area for residents. According to Innovationmap.com, Houston is expected to gain over 1 million more residents in the next decade and will lead the nation’s metro areas for number of new residents again. The asset is less than 10 minutes away from the major highways of Sam Houston Tollway and State Highway 288. The park is also less than an hour away from the George Bush Intercontinental/Houston Airport. Advanced RV Resort is being offered at a day one capitalization rate of 4.8 percent and a pro forma capitalization rate of 5.8 percent.

Exclusively Listed By

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