Contact Information

David McQuary
License: Florida Real Estate Broker
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RV Park/Campground Details

  • Price: $2,600,000
  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 13.0% (Pro Forma)
  • Listing ID: 6911134
  • Posted On: Jun 4, 2025
  • Updated On: Jun 5, 2025

Description

TO BE COMPLETED BY JANUARY 1, 2026. We broke ground on this 44 acre tract inside the city limits of Alford, Florida. Our 1st phase is under construction where we are building 100 large rv lots. This property has city water and city sewer, has fire protection by the city of Alford. Should be able to develop 300 to 400 lots. We have done projections based on 100 lots at $700 per month rental with a 75% occupancy rate. If the park maintains a 75% occupancy rate a $700 per month rate that equates to $70k per month. That is a NOI of $334,000 annually and that is only on less than half of the land. With a 10% CAP Rate that computes to a value of $3,340,000. There is an additional 24 acres left to develop. These lots are 40 x 70 with landscaping and full service. We also, will be building a 10,000 sq foot building to provide a lounge for our tenants, 2 indoor pickleball courts, swimming pool, laundry mat, and six private bathrooms with showers. The property is contiguous to the city park and will be a great place to walk your pets and enjoy the Florida weather. This property is 42 miles north of Panama City and 4 miles south of busy Interstate 10. This property is on Highway 231 which is a major thoroughfare to the Prettiest Beaches in the World. There are 3 golf courses within minutes of this property. There is a strong rumor and document that support that a golf resort is building within 10 miles. Compass Lake is an 800 acre lake within 10 of this property, where you can enjoy boating, fishing skiing, swimming and a day at the lake. THE SALES PRICE IS BASED ON PROPERTY BEING COMPLETED AND READY TO OPEN FOR BUSINESS.

Amenities

  • Laundromat
  • Pool
  • Club House
  • Storage
  • Manager Office
  • Bathhouse
  • Store
  • Wifi
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Park Information

Number of RV Lots: 100
Year Built: 2025
Average RV Lot Rent: $700
Size: 44.0 acre(s)

Financial Information (Pro Forma)

Gross Income: $630,000
Operating Expense: $296,000
Net Operating Income: $3,340,000
Expense Ratio: 47.0 %
Debt Info: none

Utility Information

Water: City
Sewer: City

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