Property profile

600 6th St Junction, TX 76849

OFF-MARKET
Commercial real estate
Property ID
US83-0314217
2,770 SF 1.75 ac lot Built 1950
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Junction, TX, commercial property presents a lucrative investment opportunity. Currently operating as Morgan's Shady Park, this established RV park boasts 26 full hook-up RV sites, situated on the scenic South Llano River in the Texas Hill Country. The property's significant expansion potential is a key feature, with the capacity to add 30 more RV sites and 20 cabins, along with numerous additional tent sites. Existing infrastructure, including city water and three private septic systems, readily supports this expansion. The park offers a variety of amenities, including a water well, fire pit, open party barn, bathhouse, and three existing sleeping cabins. A comfortable living house and office are also included on the property. The idyllic setting provides numerous recreational opportunities, from stargazing and fishing to swimming, kayaking, and simply relaxing under the shade of the numerous trees. This turnkey operation is poised for significant growth and offers a unique blend of established income and future development potential. The property is listed at $1,350,000. The 0-acre lot provides ample space for current and future development.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Total area 2,770 SF
Lot 1.75 ac (76,230 SF)
APN R21322
UPID US83-0314217

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Campground & RV Park
  • Campground & RV Park

Location

600 6th St Junction, TX 76849-4770
Junction metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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