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    20082 County Road 304 Abilene, TX 79601

    Sponsored
    For Sale
    $748,000

    Apartment - Abilene, TX

    Type:Apartment
    Lot size:
    2.50 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 21 at 8:06 pm

    Property Features for 20082 County Road 304

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    APN
    R55566
    Parking
    6
    Interior features
    Cable Tv Available, Eat-in Kitchen, Flat Screen Wiring, High Speed Internet Available, Pantry, Walk-in Closet(s)
    Exterior features
    Dog Run, Rv Hookup, Rv/Boat Parking, Fence
    Fencing
    Fenced
    Appliances
    Dishwasher, Dryer, Refrigerator, Washer
    Lot size
    2.50 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Active Solar, Central, Electric (Heating), Solar (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric, Roof Turbine(s)

    Building Details

    Year built
    2000
    Floors in Building
    1
    Flooring type
    Laminate
    Roof type
    Composition
    Architectural style
    Other
    Additional Structures
    Kennel/Dog Run, RV/Boat Storage

    We can help!

    Listing Contact
    Sylvia Mcmillan
    Sylvia Mcmillan

    Coldwell Banker Apex (972) 208-8797

    Listing agent Sylvia Mcmillan (325) 690-4000

    Listing date Jan 15, 2026

    MLS# 21110420 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.

    Learn more

    Property Insight Report

    Overview

    Abilene RV Park and Residence

    This property in Abilene, TX, features five operational RV pad sites, each equipped with septic and electric hookups, as well as solar power. Amenities include a laundry area and a dog run. A sixth RV pad is currently under construction. The RV area is serviced by a 15,000-gallon septic system. Additionally, the property includes a move-in-ready doublewide residence with its own separate septic system. Plans are in place for the development of up to 22 additional RV pads, designed to be well-spaced. Each RV pad will have its own individual electric meter. The main house will convey with furnishings, excluding the king bed, shelves in the front bedroom, and a small wall table in the main bedroom. A rain harvesting system is in place for watering fruit trees. The property is situated on a 2.5-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Spa & Massage Auto Repair Shop Kitchen & Bath HVAC Service Computer & Electronic Repair Tech Support Center Home Appliance Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.623706
    Latitude
    32.521865

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    FAQs

    What type of property is this?
    Mobile home & RV park - RV park with residence and expansion potential in Abilene, TX.
    Where is this mobile home & rv park located?
    The property is located at 20082 County Road 304 Abilene, TX.
    What is the asking price?
    The asking price for this property is $748,000.
    What are key features of this property?
    This property features: - 5 Working RV pad sites with septic, electric, and solar offering immediate income potential.; - Spacious, move-in-ready doublewide with separate septic system included.; - Plans available for up to 22 additional RV pads, allowing for significant expansion.
    (325) 690-4000
    Request Owner's contact information
    20082 County Road 304 Abilene, TX 79601
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    Abilene, TX 79601
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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
    20082 County Road 304 Abilene, TX 79601
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    We can help!
    Listing Contact
    Sylvia Mcmillan
    Sylvia Mcmillan
    (325) 690-4000
    Learn more
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