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    RV Park Development Opportunity Title is generated by Realmo AI

    1450 FM 605, Hawley, TX 79525

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    Claim this Listing
    New
    For Sale
    $309,900

    Business - Hawley, TX

    Type:Business
    Property size:
    2,865 SF
    Lot size:
    4.81 Acres
    Price / SF:
    $108/SF
    Added:
    May 29, 2026
    Days on Market:
    2
    Last Refresh:
    May 30 at 1:06 pm

    Property Features for 1450 FM 605

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Parking features
    Garage, RV
    Standard status
    Active
    APN
    R28452
    Size
    2,865 SF
    Lot size
    4.81 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1938
    Flooring type
    Other
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Tommy Simons

    Listing agent Tommy Simons License #0583499

    Listing office Tommy Simons (office) 3054 Iberis, Abilene, TX

    Listing date May 29, 2026

    MLS# 21284821 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Ready‑to‑develop 4.81‑acre RV park with pre‑approved plans for 25 sites, water lines, and septic system.
    • Existing on‑site rental home provides immediate income during RV park construction.
    • Water meter is already installed, and the land is fully cleared for development.
    • Historic 4‑bedroom, 2‑bath natural‑stone home with +2,800 sq ft of living space.
    • Located near major data center project sites, offering proximity to development opportunities.
    • Two‑car garage with separate doors.

    Overview

    This 4.81-acre property is primed for development, featuring plans for a 25-site RV park. A water meter is installed, and the land has been fully cleared. The proposed layout for water lines and the septic system is complete and available. The property includes an on-site rental home, offering immediate income while the RV park is under construction. The rental home is set on approximately 1.75 acres and features over 2,800 sq ft of living space with 4 bedrooms and 2 baths. The home includes two exceptionally large bedrooms and abundant closet space. The property also includes a two-car garage with two separate doors. Located near two major data center project sites, this location offers proximity to emerging development opportunities. The property is located in Hawley, TX.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $42.3k $14.76
    − Vacancy −$2.3k −$0.81
    EGI $40.0k $13.95
    − OpEx −$18.0k −$6.28
    NOI $22.0k $7.67
    2,865 SF · lease $14.76/SF/yr · vacancy 5.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $314.0K
    $274.7K – $366.3K (±1% cap)
    NOI $21,979 @ 7.0% cap · market cap 7.09%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $639.7K
    $559.7K – $746.3K (±1% cap)
    NOI $44,777 @ 7.0% cap · market cap 14.45%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Campgrounds

    Suggested Use

    Law Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hawley
    County
    Jones
    State
    Texas
    Longitude
    -99.820419
    Latitude
    32.591468

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    FAQs

    What type of property is this?
    Campground - 4.81 acres with RV park plans and rental home.
    Where is this campground located?
    The property is located at 1450 FM 605 Hawley, TX.
    What is the asking price?
    The asking price for this property is $309,900.
    What are key features of this property?
    This property features: Ready‑to‑develop 4.81‑acre RV park with pre‑approved plans for 25 sites, water lines, and septic system.; Existing on‑site rental home provides immediate income during RV park construction.; Water meter is already installed, and the land is fully cleared for development.
    (325) 721-8800
    We can help!
    Listing Contact
    Tommy Simons
    Real Estate License ID: 0583499
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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