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    Turnkey RV Park Investment Opportunity Title is generated by Realmo AI

    19795 E Tx-31 Highway, Brownsboro, TX 75756

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    Claim this Listing
    For Sale
    $1,500,000

    Multiple Single Units - Brownsboro, TX

    Lot size:
    5.37 Acres
    Added:
    Sep 10, 2025
    Days on Market:
    259
    Last Refresh:
    May 26 at 10:06 pm

    Property Features for 19795 E Tx-31 Highway

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    18
    Parking features
    Driveway
    Appliances
    Range
    Standard status
    Active
    APN
    083301300B0010
    Lot size
    5.37 Acres

    Utilities

    Heating system
    Electric (Heating), Other (Heating)

    Building Details

    Year built
    1900
    Floors in Building
    1
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Jonathan Underwood

    Listing agent Jonathan Underwood License #0791002

    Listing office eXp Realty, LLC 5605 N MacArthur Blvd 10th Flr, Austin, TX

    Listing date Sep 10, 2025

    MLS# 21053671 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

    • Tremendous growth potential with space to develop 50+ additional RV sites.
    • Turnkey income property with 17 RV spaces (9 RVs included) and a 7‑bedroom, 3‑bath manufactured home, both generating income.
    • Prime Highway 31 frontage (nearly 600 feet) provides excellent visibility and high traffic exposure.
    • Proximity to Lake Palestine and Kickapoo public boat ramp (1‑2 minute drive).
    • Equipped for expansion with a 2‑inch main water meter tap, ample electric capacity, and high‑speed fiber optic internet.
    • Secure, gated community with security keypads, cameras, and on‑site storm shelter.

    Overview

    This established RV park presents a turnkey income property opportunity, featuring 17 spaces, including 9 fully paid-for RVs, and a 7-bedroom, 3-bath manufactured home currently leased for additional income. Each RV pad is individually metered and equipped with 20, 30, and 50-amp service, water, and septic hookups. A dedicated laundry facility is available for guests. Security keypads and cameras provide a gated, safe community environment, and a storm shelter is located on-site. Currently, one end of the RV park hosts a Store More portable building business; the new owner has the option to continue this income stream or have the buildings removed. The property is equipped to handle expansion, with a 2-inch main water meter tap with backflow prevention, ample electric capacity, and high-speed fiber optic internet available. Situated on 5.369 acres with nearly 600 feet of Highway 31 frontage, the park offers excellent visibility and high traffic exposure. Its location is a short drive to Lake Palestine and the Kickapoo public boat ramp, making it attractive for both short-term and long-term tenants. The property has space to develop 50+ additional RV sites.
    Property Profile Location Intelligence

    Current Use by Public Records

    Campgrounds

    Map

    City
    Brownsboro
    County
    Henderson
    State
    Texas
    Longitude
    -95.6217
    Latitude
    32.2955

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    FAQs

    What type of property is this?
    Campground - Established RV park near Lake Palestine with expansion potential.
    Where is this campground located?
    The property is located at 19795 E Tx-31 Highway Brownsboro, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Tremendous growth potential with space to develop 50+ additional RV sites.; Turnkey income property with 17 RV spaces (9 RVs included) and a 7‑bedroom, 3‑bath manufactured home, both generating income.; **Prime Highway 31 frontage (nearly 600 feet) provides excellent visibility and high traffic exposure.**
    (888) 519-7431
    We can help!
    Listing Contact
    Jonathan Underwood
    Real Estate License ID: 0791002
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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.

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