Contact Information

RV Park/Campground Details

  • Price: $1,100,000
  • Purchase Method: Cash
  • Cap Rate: 9.2%
  • Property ID: 1131581
  • Posted On: Sep 9, 2019
  • Updated On: Sep 9, 2019

Property Description

Ol’90 RV Park is a 2010 built 40 site RV Park located in Seguin, Texas. The property is approximately 35 minutes northeast of San Antonio, Texas and is less than 2 miles south of Interstate 10, a major east west highway. All spaces can accommodate 30- and 50-Amp hookups. The park has a small laundry room facility and an additional 1.25 acres that could be used for further development.

Ol’90 RV Park operates on city water and a septic sewer system. The park is currently master metered for water and electricity. The major roads throughout the park are gravel. The current manager lives on site and would be open to staying on board for future ownership.

Seguin is expected to experience an increase in economic growth, “future job growth over the next 10 years is predicted to be 41.5%, which is higher than the US average of 33.5%.” The economic stability of Seguin along with the parks proximity to San Antonio will serve to ensure a profitable asset for the future. According to Forbes.com, “a recent U.S. Census Bureau report tracked the nation’s fastest-growing cities between 2016 and 2017. San Antonio was the clear winner, with the largest population gain in the country during this period.”

Ol’90 RV Park is being offered at a day one cap rate of 9.24% and a pro forma cap rate of 10.26%. The park offers future ownership a stabilized asset with an immediate opportunity to increase rents to market rate.

Amenities

  • Laundromat
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Park Information

Number of RV Lots: 40
Year Built: 2010
Average RV Lot Rent: $375
Size: 8.6 acre(s)

Financial Information (Actual)

Gross Income $159,030
Operating Expense $57,441
Net Operating Income $101,589
Expense Ratio 36.1 %
Debt Info Cash

Utility Information

Water: City
Sewer: Septic

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