RV Park and Triplex
115 Private Rd 1301 Gladewater, TX 75647
For Sale
Contact for pricing
Renovated in 2022, this fully occupied property combines a triplex with 12 RV spaces on 2.88 acres.
Property Size2,534 SF
Lot Size2.88 Acres
Price / SF$181.14
Days on Market115
Property Features for 115 Private Rd 1301
General Information
- Standard status
- Active
- Size
- 2,534 SF
- Lot size
- 2.88 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1975
Listing Agency:
The Intrepid Group
Listed By:
David du Menil · License #TX 761631 - B
Source:
Crexi
Added: Mar 31
Changed: Jul 23
Last Checked: Jul 23 at 3:37AM
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 The Intrepid Group
Investment Insights
Based on property information with market context.
The Ranch RV Park & Rentals offers a hybrid residential income setup with 15 total units on approximately 2.88 acres, currently 100% occupied. The property includes a renovated triplex with a 2-bedroom/2-bath unit, a 1-bedroom/1-bath unit, and an efficiency apartment. In addition, there are 12 RV spaces providing separate monthly site income.
Located at 115 PR 1301 in Gladewater, Texas, the property is designed to serve long-term occupancy as a combined rental and RV park operation.
The triplex was renovated in 2022, supporting in-place income from the existing unit mix and ongoing RV space revenue.
Located at 115 PR 1301 in Gladewater, Texas, the property is designed to serve long-term occupancy as a combined rental and RV park operation.
The triplex was renovated in 2022, supporting in-place income from the existing unit mix and ongoing RV space revenue.
Key Highlights
- Renovated in 2022 and currently 100% occupied, combining a triplex with 12 RV spaces on 2.88 acres
- 15 total units: renovated triplex plus 12 RV spaces for a diversified rental income mix
- Triplex unit mix includes a 2BR/2BA, a 1BR/1BA, and an efficiency apartment
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.3k | $12.36 |
| − Vacancy | −$1.9k | −$0.75 |
| EGI | $29.4k | $11.61 |
| − OpEx | −$8.8k | −$3.48 |
| NOI | $20.6k | $8.13 |
2,534 SF · lease $12.36/SF/yr · vacancy 6.08% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$294.2K
$257.4K – $343.2K
NOI $20,591 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$270.6K
$236.8K – $315.7K
NOI $18,941 @ 7.0% cap · market cap 4.13%
Theoretical Best
Hotel Hospitality
$1.91M
$1.67M – $2.23M
NOI $133,605 @ 7.0% cap · market cap 29.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
FAQs
What type of property is this?
Mobile home & RV park - Renovated in 2022, this fully occupied property combines a triplex with 12 RV spaces on 2.88 acres.
Where is this mobile home & rv park located?
The property is located at 115 Private Rd 1301 Gladewater, TX.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Renovated in 2022 and currently 100% occupied, combining a triplex with 12 RV spaces on 2.88 acres; 15 total units: renovated triplex plus 12 RV spaces for a diversified rental income mix; Triplex unit mix includes a 2BR/2BA, a 1BR/1BA, and an efficiency apartment
