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RV Park

Fort Worth RV Park

5304 Gebron Dr, Fort Worth, TX 76126

Listing Price: $4,125,000

Cap Rate
8.98%
Number of Spaces
72
Lot Size
8.94 acres
Occupancy
96.0%
Price/Space
$57,292
Spaces/Acre
8.05
Year Built
1990

Investment Overview

Fort Worth RV Park is a 72 site primarily concrete RV park located in Fort Worth, TX, less 30 minutes from the heart of downtown Fort Worth. There are an additional 23 concrete sites coming online currently taking the total RV site count to 95. The offering includes a total of 15 parcels, some of which are currently vacant and one of which includes an industrial building. The seller has already been approved for 13 additional sites in addition to the 95 sites, but no construction has been started on those. The 15 acres combined consist of 8.94 acres and the park amenities include onsite laundry, bathrooms, showers, Wi-Fi and a dog walk. The park operates on well water and septic sewer and currently pays all the utility costs. The city of Fort Worth offers many attractions to both its residents and visitors including the Fort Worth Zoo, Fort Worth Stockyards, Texas Motor Speedway, Fort Worth Water Gardens and many more. Fort Worth also recently became the 12th largest city in the United States according to the NBCDFW.com and the recent U.S. Census estimations. There is also continued job growth in Fort Worth with growth predictions to be over 40 percent in the next ten years according to BestPlaces.net. The major employers in the area include American Airlines, Lockheed Martin, Fort Worth ISD as well as the many hospitals in the area. These major companies employ thousands of residents throughout DFW each year which creates a need for long-term and short-term housing. The asset is located just off Highway 377 and is less than 25 minutes from Interstate 20. The park is also less than an hour away from Dallas/Fort Worth International Airport. Fort Worth RV Park is being offered at a day one capitalization rate of 8.98 percent on the existing 72 RV sites and a pro forma capitalization rate of 9.19 percent on the existing RV sites. The additional acreage, approvals for 13 additional sites, and industrial building are being offered at $2,325,000 bringing the total price to $6,450,000.

Investment Highlights

  • 90% Of All Roads and Sites Are Concrete, Strong Amenity Package
  • Approximately 85 Percent of Residents Are Monthlies
  • Park Has 14 Covered Sites Generating 25%+ More Income Than Uncovered Sites
  • Offered at Day One Cap Rate of 8.98% On Existing Sites
  • Operates On Well Water and Septic Sewer
  • Less Than 30 Minutes From Downtown Fort Worth

Exclusively Listed By

Financing By

Listing Price: $4,125,000

Cap Rate
8.98%
Number of Spaces
72
Lot Size
8.94 acres
Occupancy
96.0%
Price/Space
$57,292
Spaces/Acre
8.05
Year Built
1990

Investment Highlights

  • 90% Of All Roads and Sites Are Concrete, Strong Amenity Package
  • Approximately 85 Percent of Residents Are Monthlies
  • Park Has 14 Covered Sites Generating 25%+ More Income Than Uncovered Sites
  • Offered at Day One Cap Rate of 8.98% On Existing Sites
  • Operates On Well Water and Septic Sewer
  • Less Than 30 Minutes From Downtown Fort Worth

Investment Overview

Fort Worth RV Park is a 72 site primarily concrete RV park located in Fort Worth, TX, less 30 minutes from the heart of downtown Fort Worth. There are an additional 23 concrete sites coming online currently taking the total RV site count to 95. The offering includes a total of 15 parcels, some of which are currently vacant and one of which includes an industrial building. The seller has already been approved for 13 additional sites in addition to the 95 sites, but no construction has been started on those. The 15 acres combined consist of 8.94 acres and the park amenities include onsite laundry, bathrooms, showers, Wi-Fi and a dog walk. The park operates on well water and septic sewer and currently pays all the utility costs. The city of Fort Worth offers many attractions to both its residents and visitors including the Fort Worth Zoo, Fort Worth Stockyards, Texas Motor Speedway, Fort Worth Water Gardens and many more. Fort Worth also recently became the 12th largest city in the United States according to the NBCDFW.com and the recent U.S. Census estimations. There is also continued job growth in Fort Worth with growth predictions to be over 40 percent in the next ten years according to BestPlaces.net. The major employers in the area include American Airlines, Lockheed Martin, Fort Worth ISD as well as the many hospitals in the area. These major companies employ thousands of residents throughout DFW each year which creates a need for long-term and short-term housing. The asset is located just off Highway 377 and is less than 25 minutes from Interstate 20. The park is also less than an hour away from Dallas/Fort Worth International Airport. Fort Worth RV Park is being offered at a day one capitalization rate of 8.98 percent on the existing 72 RV sites and a pro forma capitalization rate of 9.19 percent on the existing RV sites. The additional acreage, approvals for 13 additional sites, and industrial building are being offered at $2,325,000 bringing the total price to $6,450,000.

Exclusively Listed By

Financing By

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