RV Listings Rundown 12/27/2023
Colliers
Ozarks RV Portfolio, Leasburg MO - Broker: Michael J. Nissley, Richard Knapp
Price: $39,000,000 | Price per Site: $49,936 | Cap Rate: 10.8% | # Sites: 781 | 568 Acres
Institutional Scale Portfolio
Private Well & Sewer
Highly Rate Parks with Loyal Returning Customer Base
Yet-to-be Implemented Synergies
Both parks feature hundreds of feet of river frontage near the St. Louis MSA
There is an opportunity for a larger portfolio for a total of 990 sites & 685 acres.
Mesquite Oasis RV & Corporate Housing Park, Odessa TX - Broker: Michael J. Nissley, Amy Barrett CCIMs
Price: $21,500,000 | Price per Site: $61,080 | Cap Rate: 12.0% | # Sites: 357 | 42 Acres
Expansion land for additional 95 corporate housing units.
Current occupancy of 86% is expected to be consistent going forward based off existing demand.
Opportunity to increase other income through expansion, premium internet, vending machines, etc.
Located directly off I-20, major east-west thoroughfare, in Odessa & 32 miles from Midland International Airport
2 Major energy plants announced in Odessa area, supplying min. immediate need of 5,000 jobs.
Indian Shores RV Resort, Woodruff WI - Broker: Mike Nissley, Richard Knapp
Price: $8,100,000 | Price per Site: $37,674 | # Sites: 215 | 130 Acres
Resort Style Property with high-quality amenities and upside opportunities
Significant beachfront and a boat launch with multiple piers
Frontage on Tomahawk Lake with many attractions that lend this park to high traffic all year long.
Opportunity to create a larger portfolio from the same seller for a total of 990 sites and 685 acres.
Orange Lake RV Development, Citra FL - Broker: Michael Nissley, Bill Haldane, Richard Knapp
# Sites: 491 | 140.91 Acres
Private Well & Wastewater Treatment Plant
Full Approvals & Currently Under Construction with a December 31, 2023, estimated Completion.
Expected to Include High-Quality Amenities Reflected of a 5-Star Resort
Located less than 5 minutes from I-75 with Direct Access to Orange Lake in Central Florida
Blue Springs Ranch Resort, Bourbon MO - Broker: Mike Nissley, Richard Knapp
Price: $15,600,000 | Price per Site: $63,400 | # Sites: 246 | 220 Acres | Cap Rate: 9.6%
The resort features hundreds of feet of river frontage near the St. Louis, MO MSA
The property is served by well water and private septic system.
Highly desirable location mixed with multiple profit sources: store, event hall, zip line, river floating business and more.
Oasis North RV Park, Gardendale TX - Broker: Michael J. Nissley, Amy Barrett CCIMs, Daniel Taylor
Price: $3,200,000 | Price per Site: $38,554 | Cap Rate: 10.1% | # Sites: 83
176-site Expansion opportunity and brand-new laundry, workout and shower facilities.
The property was 100% occupied with a waitlist as of May 2023.
Opportunity to increase other income through expansion, charging for new laundry, vending machines, premium internet & cable, etc.
Located just of I-20, a major east-west thoroughfare, midway between Midland and Odessa and 13 miles from Midland International Airport.
2 Major energy plants announced in the area supplying a min. immediate need of 5,000 jobs.
Ball Airport RV Development, Victoria TX - Broker: Michael Nissley, Richard Knapp
Price: $1,600,000 | Price per Site: $9,467 | Cap Rate: 12.0% | # Sites: 169 | 20 Acres
Fully Approved RV Park in Strong and Growing Market
Moderate sized RV park will allow for Faster Construction and Lease Up Periods
Located in a Strong market with a 200,000+ Population in Victoria MSA & Located within 2 Hours of Several Major Metros.
Marcus & Millichap
Castle Oaks RV Park, Wallisville TX - Broker: Matt Wagner, Hudson Silverman
Price: $1,000,000 | Price per Site: $18,182 | # Sites: 55 | Cap Rate: 8.89% | 18.33 Acres
Seller Financing Available
Assumable Note at 3.5% Interest Due 8/1/2025
Houston MSA
Under Market Rents
City Utilities
Grizzly Pines RV Park, Navasota TX - Broker: Hudson Silverman, Matt Wagner
Price: $5,000,000 | Price per Site: $24,510 | # Sites: 204 | Cap Rate: 9.28% | 15.09 Acres
Owner Financing
15.89% Cash on Cash Return
Consistently High Occupancy
Niche RV Market
Palm View RV Resort & Campground, Perris CA - Broker: Rick Gordon, Dustin Wilmer, Douglas A. Danny
Price: $3,050,000 | Price per Site: $74,390 | # Sites: 41 | Cap Rate: 7.19% | 10.00 Acres
IE Location
Local and regional recreation, shopping, entertainment, employment centers, and freeway access are nearby.
100% occupied.
Land for expansion
Leisure Acres Campground, Cleveland GA - Broker: Benjamin Pritchett, Ryan Grand
Price: $7,200,000 | Price per Site: $53,333 | # Sites: 135 | Cap Rate: 8.24% | 29.49 Acres
Room for expansion
Steady income stream through long-term guests
City services
Lazy D Ranch RV Park & Apartments, Payzon AZ - Broker: Dustin B. Wilmer, Douglas A. Danny
Price: $2,300,000 | Price per Site: $67,647 | # Sites: 34 | Cap Rate: 5.44% | 1.99 Acres
23 Model Sites | 12 Apartments | 2 Billboard w/ 3 Faces
No Park Owned Homes/RV's
City Water & Well-Maintained Septic Sewer
Lake Gaston Resort, Valentines VA - Broker: Glenn D. Esterson
# Sites: 364 | 3.58 Acre
Full-Service RV Resort & Marina
Over a Mile of Private, Sandy Shoreline
Amenity Rich w/ a Multi-Million Dollar Clubhouse
Camp 10625 RV Park, Fort Worth TX - Broker: Skyler Henderson
# Sites: 23 | 15.33 Acre
Asset Maintains High Occupancy Above 90%
Property Operates on City Water
Located 25 Minutes from Downtown Fort Worth
12 Minute Drive from Community to Loop 820
Highway 199 Frontage in Fort Worth's Northwestern Path of Growth
Located Approximately 30 Minutes from the Dallas/Fort Worth International Airport
Comstock Meadows RV Park, McCarran NV - Broker: Bret Nicholson Daniel Kuchugurny
Price: $8,500,000 | Price per Site: $56,667 | # Sites: 150 | 20.00 Acre
Brand New Construction - High-Quality Infrastructure That in Most Cases Exceeds Code
Located Within Two Miles of the Tesla Gigafactory, Switch Citadel Campus, and Many More
Has Public Utilities for Water, Sewer, and Electric
Geronimo Village RV Park, Joaquin TX - Broker: Brad Dorsey, Skyler Henderson
Price: $950,000 | Price per Site: $21,111 | # Sites: 45 | Cap Rate: 8.73% | 8.66 Acres
8.73% Day One Cap Rate
Opportunity for Expansion
Operates on City Water and Sewer
Located off US Highway 84 Which Spans from Colorado to Georgia
Redwood Resort, Boulder Creek CA - Broker: Frank Rogers, Peter Aliman
Price: $3,950,000 | Price per Site: $74,528 | # Sites: 53 | 14.29 Acres
Municipal Water
Upside in Rents
All Age Park
Coastal Location
Yale
RV Campground, Elkhart IN Region - Broker: James McCaughan
# Sites: 300
RV Development, Victoria TX MSA - Broker: Mitch Gonzalez
Price: $4,250,000 | # Sites: 103
RV Park, Jacksonville FL - Broker: James Cook
Price: $14,000,000 | Price per Site: $56,000 - $70,000 | # Sites: 200 - 250 | Cap Rate: 8.42% | 15-20 Acres
Long term/extended stay RV park in major FL MSA
One of the fastest growing MSA’s in the US
Fully rebuilt in the last 5 years, latest phase being completed.
All PVC utility lines throughout and all new electrical (50-amps)
Billions $$ in Development and Government projects nearby
NORTH FLORIDA RV RESORT & GOLF COURSE, Tallahassee - Lake City, FL Region - Broker: James Cook
Price: $6,000,000 | # Sites: 100-150
Very Modern RV Resort with 100-150 Expansion Sites
Beautiful 9 Hole Golf Course with 18 tee boxes
Full Country Club Amenities
Fully turnkey with excellent in place operations and management team for the next owner
Significant Upside via Maximizing Country Club, Golf Course, etc
GREATER HOUSTON MSA RV RESORT, Greater Houston TX MSA - Broker: Dana Smith
# Sites: 425-475
High quality 425-475 space RV resort just 20 minutes outside the Houston MSA
$500,000 in CAPEX recently deployed into upgrading the resort.
Gated community provides extra security and high-quality presentation.
Strong value add opportunity with 60-65% occupancy and below market rents.
Fully upgraded lift stations, amenities, concrete sites, and electric system
$2B EXXON Mobil plant being upgraded nearby to provide 3,500 new jobs for the area.
RV Resort Development, Citrus County FL - Broker: Mitch Gonzalez
Price: $3,250,000 | # Sites: 241
Utilities: Municipal
RV Park, Front Range CO - Broker: Brian McDonald
Price: $20,000,000 | # Sites: 150-200 | Cap Rate: 6.94%
Unique opportunity to buy established RV Park on 100+ acres with potential to double spaces.
100% long term tenants in an over capacity RV market with $500,000+ home prices
35 minutes from Denver, Greeley, and DIA
Approved for 40,000 sq.ft. of self-storage.
300+ sites after expansion is complete, making it one of the largest RV parks in CO.
RV Development, Danville VA - Broker: Mitch Gonzalez
Price: $2,750,000 | # Sites: 333
RV Campground, Joplin MO MSA - Broker: Ken Schefler
Price: $1,250,000 | Price per Site: $16,650 - $25,000 | # Sites: 50-75 | Cap Rate: 7.69% | 15-20 Acres
Strong Infrastructure – 95% of sites are 30/50-amp, full hook up, pull through sites. Premium sites include large patios, individual grills and fire pits within sites. Other amenities include a dog park, laundry room, shower house, general store, and a clubhouse.
Value Add Opportunity – Site rents below market by $150-200 for monthly stays and $50-$75 for weekly stays.
Centrally Located – Property is located in the Joplin MSA and in the Ozarks, an area with very strong historic demand for RV camping. Easy access to Tulsa, OK, Springfield & Branson, MO, and Bentonville, AR.
Strong Day 1 Cashflow – Two large homes and a one-bedroom apartment, occupied by the owner, can be immediately rented out for a significant boost to NOI.
Ideal Unit Mix – About a fourth of the campground is occupied by long term tenants staying over a year, allowing for a reliable cashflow.
RV Resort, St. George UT MSA - Broker: Brian McDonald
Price: $9,300,000 | Price per Site: $93,000 - $124,000 | # Sites: 80-100 | 10 Acres
Located in one of the fastest growing metros in the United States
Zion National Park and six state parks within 60 miles
Modern, new clubhouse with a large gathering area
Municipal water and sewer connections
Sites feature 30/50-amp connections and are 60-90 feet long, allowing for large RV’s.
RV Park, Jacksonville FL Region - Broker: James Cook
Price: $3,350,000 | Price per Site: $44,650 - $67,000 | # Sites: 60+/- | 10 Acres
Very Strong Year-Round Demand Market
Below Market Rents
Value-add by paving will justify 20%+ increase.
Several Expansion Parcels Available
Public Utilities Available in the next year.
RV Resort, Spring Country FL - Broker: James Cook
Price: $17,000,000 | Price per Site: $45,350 - $52,300 | # Sites: 325-375 | 75+/- Acres
Rare opportunity to own a private spring with 1500’ of incredible frontage on a major river in FL.
Significant upside by converting primitive riverfront camping to glamping.
Doubling in size because demand, both RV sections are very modern (50amp etc.)
Adding tons of amenities currently, plus many new premium spaces, conservative revenue projections
Hospitality Oriented RV Park with strong summer demand, in addition to standard snowbird business.
RV Park, Sacramento CA - Broker: Chad Ledy
Price: $8,500,000 | # Sites: 175-225 | Cap Rate: 7.75%
Utilities: Private
RV Resort, Elkhart-Fort Wayne IN - Broker: James McCaughan
Price: $7,500,000 | Price per Site: $21,450 - $25,000 | # Sites: 300-350 | Cap Rate: 9.35%
High-quality RV resort with boat slips
Significant room in rates
Heavily seasonal, stable guest pool
Only RV resort in area on water skiing lake
Potential expansion space
CBRE
Oak Knoll RV, Pauma Valley CA - Broker: Norm Sangalang, Jez Lawson, Erik Edwards
Price: $2,900,000 | # Sites: 46 | 10+ Acres
46 spaces - 70% of income from long term Stay
Near 5 Casino Resorts - Scenic Mountain Location
NAI Iowa
Main Station Campground, Moravia IA - Broker: Tom Hudson, Jerry Marckres
Price: $2,850,000 | 18.96 Acres
96 camp sites, annual contract, varying sizes of 35' x 70', 40' x 70' and 45' x 90'
100% Occupied with a waitlist.
18.96 acres (7 parcels)
Full utility hook-ups with various septic systems throughout the property
Electric paid by campers on a monthly basis over and above yearly site rental
Campers responsible for mowing their own yards with facility.
Capstone
Valley River RV Park Development Site, Marble NC - Broker: Jon Wilsman
Price: $6,000,000 | # Sites: 336
Located Two Hours Outside of Asheville & Chattanooga
Fully Approved Site Plan
Unique Resort-Style Campground Unlike Any RV Parks in the Surrounding Area
Increasing RV Income and Demand
Camper Village RV Park, Dry Ridge KY - Broker: Jon Wilsman, Kevan Enger, Ian Hilpl, Brian Hummell, Hunter LaRocca
Price: $1,750,000
Strong Occupancy Among Long-Term RV Sites
Frontage Along I-75–Annual Average Daily Traffic of 54,648 Cars
Proximity to Cincinnati
Lakefront Property with Boat Ramp Access
Opportunity to Develop 20 Acres of Undeveloped Land
Dove Rest RV Park, Marianna FL - Broker: Jon Wilsman, Kevan Enger, Ian Hilpl, Brian Hummell, Hunter LaRocca
This tranquil park is well-positioned right off Interstate-10, which provides easy access to nearby Historic Downtown Marianna, Blue Springs, as well as the state capital, Tallahassee.
This offers guests with a wide variety of attractions to visit and
on-site amenities, including tent sites, a barbecue area, bathhouses,
complimentary Wi-Fi at all sites, and a nature garden to enjoy.145 Total Sites in the Tallahassee MSA Below-Market RV Rents and Expansion Potential Frontage Along I-10 with Increasing RV Income/Demand Proximity to Blue Springs & Historic Downtown Marianna.
Cooper Cardinal
Clovis RV Park, Clovis NM - Broker: Jack Cardinal
Price: $1,795,000 | # Sites: 64 | 8.67 Acres
Clovis RV Park is conveniently located along Prince Street (approximately 23,000 CPD) on the north side of the city with immediate access to shopping, dining, and amenities.
Mesquite Trails Ranch, Borrego Springs CA - Broker: Jack Cardinal
Price: $2,250,000 | 309 Acres
Major Use Permit
Specific Plan
Final Engineering Impact Report
Environmental Review
Original Zone changes and Approval
Master Water Agreement with the Borrego Water District
Other Street
Mr. D's RV Park, Ozark AL - Broker: Enon Winkler
Price: $1,300,000 | # Sites: 40
Opportunity to acquire a stabilized RV community with strong rates in place.
Potential for conversion of additional sites to monthly rentals
Prospect of boosting the net operating income to $138,162 by year five
Potential to achieve a cash-on-cash return to 11.68% by year five.
Community serviced by city utilities.
Leesburg Lakefront Development Site - Broker: Enon Winkler
Price: $6,500,000 | 28.68 Acres
Excellent location on location on Lake Griffin with ~1,200sqft of water frontage not including the canals and ~1,700sqft of road frontage on US-441 with a traffic count of ~33,000 cars per day.
City of Leesburg is supportive of the development as it's in the heart of the city.
Close proximity to the Villages, Ocala, and Orlando along with highways, restaurants and employment options
Current PUD approval for 250 RV Sites, 180 Boat Slips, Marina, and Lodge
Prime location for potential Mixed Use, Apartments, Condo’s as well (C-3 Zoning)
Horizon Sands RV Park, Altus OK - Broker: Enon Winkler
Price: $425,000 | # Sites: 29
Opportunity to acquire an RV community at a price below replacement cost in a growing area of Oklahoma.
Investment strategy includes scaling up marketing efforts to achieve a conservative 30% occupancy in the first year, reaching 60% by year three and an NOI of $50,386
Opportunity to create a diverse portfolio of income streams between the RV sites and single-family rental, catering to the growing demand for both short-term and long-term rentals.
Prime turnaround opportunity offering an attractive basis for investors with a pro-forma cash-on-cash return of 20%+
Castaways RV Park, Big Pine Key FL - Broker: Enon Winkler
Price: $4,200,000 | # Sites: 36
Rare opportunity to acquire a community in the Florida Keys at a price per site significantly below comparable sales for the area.
Significant rental upside - seasonal rents are currently below-market by ~$1,836/month in the Summer and ~$2,755/month in the Winter.
Community serviced by city utilities with electric billed-back to tenants.
Opportunity to acquire a transient community in the Florida Keys, a prime location with 4 million visitors annually and 30% increase in tourism in the last decade alone.
Northmarq
Nueces River RV + Cabin Resort, Camp Wood TX - Broker: Chris Michl, Don Vedeen, Jared Bosch, Paul Smith
# Sites: 121
Located two hours west of San Antonio off Route 55
The resort sits on a quarter mile of riverfront along the pristine Nueces River. Visitors can tube, kayak, fish, hike and more!
Every RV site is full service with 50, 30, 20-amp electrical, and water & sewer hookups.
The resort includes multiple ways to stay including cabins, RV sites, and tent sites.
The park has numerous amenities including swimming pool, camp store, splash pad, Wi-Fi, sand volleyball, basketball court, restrooms, showers, laundry facility, dog park, BBQ Pit, picnic tables, etc
Newly completed 32 space expansion
Over $800,000+ spent on capital expenditures since 2020
The park appraised as is prior to the expansion for $5.3mm
Upside in lease up and reducing payroll.
There is room and demand to add 10+ cabins which are 85%+ occupied in the summer months.
Local attractions include The Quince swimming hole, Uvalde Memorial Golf Course, and Devils Sinkhole.
Wild Oaks RV Resort, Fort Worth TX - Broker: Chris Michl, Don Vedeen, Jared Bosch, Paul Smith
Price: $3,540,000 | # Sites: 177 | 24.71 Acres
RV Resort development opportunity in Fort Worth, Texas
Located in the Dallas-Fort Worth-Arlington Metro Area with a population of 7,500,000+
Wild Oaks RV resort is located 15 miles to downtown Fort Worth, 17 miles to Arlington, 37 miles to Dallas.
Land will be delivered with all entitlements, permitting, engineering, and shovel ready. No entitlement risk.
Strong occupancy and rental rates in surrounding submarket (surrounding RV parks)
Yield on cost 17.31% - Year 3
Conveniently located near I-35W and I-20 highways
Potential phase II expansion with 56 additional sites