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RV Park

Midland Pines RV Park

6305 S County Rd 1285, Midland, TX 79706

Listing Price: $2,400,000

Cap Rate
11.90%
Number of Spaces
126
Lot Size
10.05 acres
Occupancy
57.0%
Price/Space
$19,048
Spaces/Acre
12.54
Year Built
2021

Investment Overview

Marcus & Millichap is pleased to present Midland Pines RV Park, a 126 space RV park in Midland Texas. The park is being offered at a 11.90 percent capitalization rate with an estimated net operating income of $285,558. These numbers are based on current occupancy reports of 57 percent. The owners bought this park in March of 2021, renovated the park completely and are in the process of filling it back up to it’s full potential. In order for the new owner to obtain double-digit returns the new owner needs to maintain occupancy to above 50 percent. With oil prices skyrocketing the Midland and Odessa oilfields are showing more and more workers coming back. Now is the perfect time to capitalize on an underutilized park.

Investment Highlights

  • Newly Constructed
  • All Bills Paid
  • Undermarket Rent
  • Current 11.90 % Cap Rates

Exclusively Listed By

Financing By

RV Park

Midland Pines RV Park

Listing Price: $2,400,000

Cap Rate
11.90%
Number of Spaces
126
Lot Size
10.05 acres
Occupancy
57.0%
Price/Space
$19,048
Spaces/Acre
12.54
Year Built
2021

Investment Highlights

  • Newly Constructed
  • All Bills Paid
  • Undermarket Rent
  • Current 11.90 % Cap Rates

Investment Overview

Marcus & Millichap is pleased to present Midland Pines RV Park, a 126 space RV park in Midland Texas. The park is being offered at a 11.90 percent capitalization rate with an estimated net operating income of $285,558. These numbers are based on current occupancy reports of 57 percent. The owners bought this park in March of 2021, renovated the park completely and are in the process of filling it back up to it’s full potential. In order for the new owner to obtain double-digit returns the new owner needs to maintain occupancy to above 50 percent. With oil prices skyrocketing the Midland and Odessa oilfields are showing more and more workers coming back. Now is the perfect time to capitalize on an underutilized park.

Exclusively Listed By

Financing By

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