Gated RV Park With Covered
New
For Sale
$1,095,000
10759 N Fm 730, Boyd, TX 76023
Established in 2019, the park combines long-term occupancy with storage buildings and independent water and septic systems.
Property Size6,876 SF
Price / SF$159.25
Days on Market6
Property Features for 10759 N Fm 730
General Information
Standard status
Active
Size
6,876 SF
Additional Details
Fenced Yard
Yes
Building Details
Year Built
2019
Buildings
4
Listing Agency:
Aspire Investments LLC
(817) 666-3336
Listed By:
Sherry Patterson · License #0663367
Source:
Yourdavisteam
Added: Aug 24
Changed: Aug 28
Last Checked: Aug 28 at 9:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aspire Investments LLC
Investment Insights
Based on property information with market context.
Located at 10759 N FM 730 in Boyd, Texas, this gated RV park was built in 2019 and contains 24 concrete RV sites with overhead cover. The central park area is occupied by long-term tenants, while three additional RV sites are positioned behind the storage buildings for a more secluded layout.
The property also includes a leased commercial building and three 1,000-square-foot storage buildings. Two storage buildings are occupied and one is vacant. The park operates with its own water treatment and septic systems, providing dedicated utility infrastructure for the property.
The property also includes a leased commercial building and three 1,000-square-foot storage buildings. Two storage buildings are occupied and one is vacant. The park operates with its own water treatment and septic systems, providing dedicated utility infrastructure for the property.
Key Highlights
- 24 concrete, covered RV sites within a gated park
- 100% occupancy with long‑term tenants in the main RV site area
- Three 1,000‑square‑foot storage buildings; two occupied and one vacant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,030
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$900,600
$900.6K
Cap Rate 7%
$643,286
$643.3K
Cap Rate 9%
$500,333
$500.3K
Market Conditions
NOI Build-Up for 6,876 SF
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.
Gross rent
$92.8K $13.50/SF
− Vacancy
−$11.0K −$1.59/SF
EGI
$81.9K $11.91/SF
− OpEx
−$36.8K −$5.36/SF
NOI
$45.0K $6.55/SF
Area
Wise County, TX
Vacancy
11.80%
Lease Rate
$13.50 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$900,600
Cap Rate 7%
$643,286
Cap Rate 9%
$500,333
Alternative Uses
Best Use
Apartment 5plus
$643.3K
$562.9K – $750.5K
NOI $45,030 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$5.18M
$4.53M – $6.04M
NOI $362,537 @ 7.0% cap · market cap 33.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Explore this area
Business Placement
Demographics for 76023, TX
6,825
Population
2,614
Households
2.6
Avg Household Size
43
Median Age
19%
College-Educated
90%
High-School Grad
53.8 sq mi
ZIP Area
127
Density / Sq Mi
$80,927
Median Household Income
$40,736
Median Earnings
$1,091
Median Rent
$281,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Established in 2019, the park combines long-term occupancy with storage buildings and independent water and septic systems.
Where is this mobile home & rv park located?
The property is located at 10759 N Fm 730 Boyd, TX.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 24 concrete, covered RV sites within a gated park; 100% occupancy with long‑term tenants in the main RV site area; Three 1,000‑square‑foot storage buildings; two occupied and one vacant
