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RV Park

Boomtown USA RV Resort

23030 I-10, Vidor, TX 77662

Listing Price: $12,490,000

Cap Rate
6.70%
Number of Spaces
208
Lot Size
158.98 acres
Occupancy
90.0%
Price/Space
$60,048
Spaces/Acre
1.31
Year Built
1996

Investment Overview

Boomtown USA RV Resort located in Vidor, Texas and in the Beaumont MSA is a 208 space stabilized RV park catering to long term stay guests paying monthly rates. The property was first developed in 1996 with only a few sites open and public access allowed to the 80 acre natural lake for boating and fishing. Over the years the property has been expanded several times and now the lake is private with only RV park guests allowed access. In 2017 all cabins were completely remodeled and the a new front office, gym, lounge and laundry facilities were built. 2020 had the largest expansion at the west end of the property with 55 new sites. These are the largest sites, with concrete roads and pads. A new pool, bathhouse and covered BBQ area was also built as part of this expansion. A total of 158 acres is being conveyed with this sale, approximately 40 acres can be used for future expansion. Property is outside of city limits and Orange County does not pose any significant permitting or regulation challenges for future expansion. There is also both water and sewer capacity available for expansion. Included in the sale is the owner’s five bedroom custom home built in 2014 and is approximately 3200 sq ft. The home is ideal for another owner or can be used as a long or short term rental. This home could rent for $3000 - $4000 monthly to a single tenant or on Airbnb / VRBO the home could generate $400+ per night for short term stays. All equipment used for RV park operations is included as well. Currently the park averages close to 90% occupancy on both RV sites and cabins with approximately 85 percent -90 percent of RV guests paying monthly rates. Cabins are occupied by a mix of long and short term guests. Excellent staff and management already in place with desire to stay in current rolls.

Investment Highlights

  • Very Well Located RV Park Directly Off I-10
  • Caters To Long Term Guests Who Work In The Area
  • Property Offers Private 80 Acre Lake for Fishing and Boating
  • City Water and Sewer Utilities
  • Significant Expansion Potential In Three Zones For RV and Cabins
  • Excellent Property History and Consistent Growth Trend
  • Owners' Home Included In Sale, Ideal Rental Property For Additional Income
  • No Recent Rate Increases –Rates Scheduled To Go Up In March 2022, 5-10 Percent

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

RV Park

Boomtown USA RV Resort

Listing Price: $12,490,000

Cap Rate
6.70%
Number of Spaces
208
Lot Size
158.98 acres
Occupancy
90.0%
Price/Space
$60,048
Spaces/Acre
1.31
Year Built
1996

Investment Highlights

  • Very Well Located RV Park Directly Off I-10
  • Caters To Long Term Guests Who Work In The Area
  • Property Offers Private 80 Acre Lake for Fishing and Boating
  • City Water and Sewer Utilities
  • Significant Expansion Potential In Three Zones For RV and Cabins
  • Excellent Property History and Consistent Growth Trend
  • Owners' Home Included In Sale, Ideal Rental Property For Additional Income
  • No Recent Rate Increases –Rates Scheduled To Go Up In March 2022, 5-10 Percent

Investment Overview

Boomtown USA RV Resort located in Vidor, Texas and in the Beaumont MSA is a 208 space stabilized RV park catering to long term stay guests paying monthly rates. The property was first developed in 1996 with only a few sites open and public access allowed to the 80 acre natural lake for boating and fishing. Over the years the property has been expanded several times and now the lake is private with only RV park guests allowed access. In 2017 all cabins were completely remodeled and the a new front office, gym, lounge and laundry facilities were built. 2020 had the largest expansion at the west end of the property with 55 new sites. These are the largest sites, with concrete roads and pads. A new pool, bathhouse and covered BBQ area was also built as part of this expansion. A total of 158 acres is being conveyed with this sale, approximately 40 acres can be used for future expansion. Property is outside of city limits and Orange County does not pose any significant permitting or regulation challenges for future expansion. There is also both water and sewer capacity available for expansion. Included in the sale is the owner’s five bedroom custom home built in 2014 and is approximately 3200 sq ft. The home is ideal for another owner or can be used as a long or short term rental. This home could rent for $3000 - $4000 monthly to a single tenant or on Airbnb / VRBO the home could generate $400+ per night for short term stays. All equipment used for RV park operations is included as well. Currently the park averages close to 90% occupancy on both RV sites and cabins with approximately 85 percent -90 percent of RV guests paying monthly rates. Cabins are occupied by a mix of long and short term guests. Excellent staff and management already in place with desire to stay in current rolls.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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