RV Park

Angleton RV Park

799 County Rd 44, Angleton, TX 77515

Listing Price: $3,995,000

Cap Rate
7.11%
Number of Spaces
80
Lot Size
12.94 acres
Occupancy
91.59%
Price/Space
$49,938
Spaces/Acre
6.00
Year Built
2003

Investment Overview

Angleton RV Park is an 80-site RV park located in Angleton, Texas. The property is offered at a price of $4,200,000. Angleton RV is priced at $3,534,839, offering an 8.04% CAP rate based of 2019 actuals. 5.09 acres of undeveloped land that fronts SH 288 is priced at $3 a foot ($665,161).

The property is approximately 40 miles south of Houston, Texas. The 80 sites offer 30 and 50-amp hook-ups. Daily rates of $40 and weekly rates of $175 are offered. Monthly rates are $400 (plus electric) for standard sites and $450 (plus electric) for the six premium sites (one is concrete pad and five are bigger spaces). One space has recently been made into an office.

Angleton RV Park operates on well water with septic and spray field sewage. City hookups are available. The park is currently sub-metered for electricity and the electric is recaptured. All roads and pads in the park are crushed rock with the exception the one concrete space. The current manager is a 1099 employee and is open to staying on-board with future ownership.

Angleton RV draws workers from the Brazosport area. Major employers in the area are DOW Chemical, BASF Chemical Plant, Olin Corporation, and Phillips 66. About 25-30% of the tenants are long term.

The property has a public easement going north and south through the middle of the property that gives the property owner to the north access to their land. This can either be abandoned by the county and given back to Angleton RV owner if you obtain the permission from the property owner to the north, or it can be used to obtain access from SH 288.

Investment Highlights

  • 5.09 Undeveloped Acres Gives You Opportunity to Expand
  • About 250 Feet of Highway 288 Frontage
  • 11 Storage Spaces for Current Tenants' Vehicles, Trailers, Etc.
  • On Site Management
  • No Flooding

Exclusively Listed By

Listing Price: $3,995,000

Cap Rate
7.11%
Number of Spaces
80
Lot Size
12.94 acres
Occupancy
91.59%
Price/Space
$49,938
Spaces/Acre
6.00
Year Built
2003

Investment Highlights

  • 5.09 Undeveloped Acres Gives You Opportunity to Expand
  • About 250 Feet of Highway 288 Frontage
  • 11 Storage Spaces for Current Tenants' Vehicles, Trailers, Etc.
  • On Site Management
  • No Flooding

Investment Overview

Angleton RV Park is an 80-site RV park located in Angleton, Texas. The property is offered at a price of $4,200,000. Angleton RV is priced at $3,534,839, offering an 8.04% CAP rate based of 2019 actuals. 5.09 acres of undeveloped land that fronts SH 288 is priced at $3 a foot ($665,161).

The property is approximately 40 miles south of Houston, Texas. The 80 sites offer 30 and 50-amp hook-ups. Daily rates of $40 and weekly rates of $175 are offered. Monthly rates are $400 (plus electric) for standard sites and $450 (plus electric) for the six premium sites (one is concrete pad and five are bigger spaces). One space has recently been made into an office.

Angleton RV Park operates on well water with septic and spray field sewage. City hookups are available. The park is currently sub-metered for electricity and the electric is recaptured. All roads and pads in the park are crushed rock with the exception the one concrete space. The current manager is a 1099 employee and is open to staying on-board with future ownership.

Angleton RV draws workers from the Brazosport area. Major employers in the area are DOW Chemical, BASF Chemical Plant, Olin Corporation, and Phillips 66. About 25-30% of the tenants are long term.

The property has a public easement going north and south through the middle of the property that gives the property owner to the north access to their land. This can either be abandoned by the county and given back to Angleton RV owner if you obtain the permission from the property owner to the north, or it can be used to obtain access from SH 288.

Exclusively Listed By

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