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Property profile & analytics
OFF-MARKET
Commercial real estate

10537 Fm 616 Lolita, TX 77971

9 SF 0.96 ac lot Built 2019
Individually Owned 16-yr Hold Free & Clear
Property ID
US82-8198683
Property summary
AI-generated overview

This exceptional investment opportunity in Lolita, Texas, presents a unique blend of commercial and residential income potential. Situated on a 0.96-acre lot, the property boasts 15 established RV spots, ideal for accommodating traveling workers or long-term residents. Adding to its versatility, a fully furnished manufactured home provides substantial rental income. This home is designed for multiple occupancy, comfortably housing four separate tenants. Each tenant enjoys a private bedroom, bathroom, sink vanity, and shower, ensuring privacy and convenience. Shared amenities include a fully equipped kitchen, dining area, and laundry facilities (washer and dryer). A spacious shared porch and yard offer ample outdoor space for relaxation and parking. The property's strategic location, approximately 11 miles from Formosa Plastics and 20 miles from the coast, positions it to benefit from the area's economic growth and increasing demand for housing. The proximity to major employers makes this an attractive option for workers seeking convenient and comfortable accommodations. This property presents a strong investment opportunity with potential for significant returns. The combination of RV spots and a multi-unit manufactured home provides diverse income streams, making it an attractive asset in a growing market. The property is priced at $230,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2019
Total area 9 SF
Lot 0.96 ac (41,818 SF)
APN R24391
UPID US82-8198683
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lolita RV Park Campground & RV Park
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Jesus M Gonzales · 16 yrs held
Jesus M Gonzales
since 2010
2 recorded transactions
2010
Price N/A
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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