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RV Park

Buffalo RV Park

2913 W Walker St, Breckenridge, TX 76424

Listing Price: $1,550,000

Cap Rate
10.22%
Number of Spaces
61
Lot Size
9.00 acres
Occupancy
77.0%
Price/Space
$25,410
Spaces/Acre
6.78
Year Built
2013

Investment Overview

Buffalo RV Park is a 61-site RV community located in Breckenridge, Texas. The asset sits on approximately 9 acres with room for expansion to increase the number of sites and revenue. Amenities include on-site laundry, showers and restrooms for the tenants and asphalt roads throughout. All utilities are currently paid by the property and it operates on city water and sewer. The current manager lives on-site and would be open to staying onboard for the future ownership. Breckenridge, Texas, is located just about two hours west of the Dallas/Fort Worth metropolitan area. Attractions in the area include Hubbard Creek Lake for fishing, boating, other water sports, the Swenson Memorial Museum, and the Breckenridge Fine Arts Center. According to BreckenridgeTexas.com, there are nearly 600 businesses in the area that offer employment to the residents of Breckenridge and create a need for both long term and short-term housing. Alsup’s gas station is currently being developed in front of the property. The asset is less than 10 minutes from the major highway State Highway 67 and US Route 180 that leads straight through the city of Breckenridge. Buffalo RV Park is being offered at a day one capitalization rate of 10.22 percent and a pro forma capitalization rate of 13.17 percent.

Investment Highlights

  • 10.22% Day One Cap Rate
  • Current Onsite Management Open to Staying Onboard
  • Upside in Development of RV Sites and Rent Increases
  • On-site Laundry, Showers and Restrooms

Exclusively Listed By

Listing Price: $1,550,000

Cap Rate
10.22%
Number of Spaces
61
Lot Size
9.00 acres
Occupancy
77.0%
Price/Space
$25,410
Spaces/Acre
6.78
Year Built
2013

Investment Highlights

  • 10.22% Day One Cap Rate
  • Current Onsite Management Open to Staying Onboard
  • Upside in Development of RV Sites and Rent Increases
  • On-site Laundry, Showers and Restrooms

Investment Overview

Buffalo RV Park is a 61-site RV community located in Breckenridge, Texas. The asset sits on approximately 9 acres with room for expansion to increase the number of sites and revenue. Amenities include on-site laundry, showers and restrooms for the tenants and asphalt roads throughout. All utilities are currently paid by the property and it operates on city water and sewer. The current manager lives on-site and would be open to staying onboard for the future ownership. Breckenridge, Texas, is located just about two hours west of the Dallas/Fort Worth metropolitan area. Attractions in the area include Hubbard Creek Lake for fishing, boating, other water sports, the Swenson Memorial Museum, and the Breckenridge Fine Arts Center. According to BreckenridgeTexas.com, there are nearly 600 businesses in the area that offer employment to the residents of Breckenridge and create a need for both long term and short-term housing. Alsup’s gas station is currently being developed in front of the property. The asset is less than 10 minutes from the major highway State Highway 67 and US Route 180 that leads straight through the city of Breckenridge. Buffalo RV Park is being offered at a day one capitalization rate of 10.22 percent and a pro forma capitalization rate of 13.17 percent.

Exclusively Listed By

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