Building Details

Building Size 2,200 SF

Year Built 1999

Listing Agency: Aspire Investments LLC Show Phone

Listed By: Tiffany McDonald

Source: Focusonhomesrealty

Added: Oct 20 Changed: Oct 31 Last Checked: Oct 31 at 3:03AM

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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

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Investment Insights

Based on property information with market context.

This RV park includes 26 full-hookup sites with 30- and 50-amp service and individually metered electricity. Residential improvements include a leased two-bedroom, 2.5-bath brick home, a 1,300-square-foot apartment, three functional tiny homes, and a fourth tiny home needing renovation. Another 1,300 square feet of enclosed storage is also on site. Guest amenities include a laundry and shower room, dog run, fire pit, grills, and picnic tables. The property is served by city water through a rural water supply company and has a septic system.

Set on 9.2440 acres near Mineral Wells State Park, the property includes 4 acres of undeveloped land. The RV park is currently full. The combination of site-based lodging, residential rentals, shared amenities, and additional land forms a varied operating property.

Key Highlights

• 26 full‑hookup RV sites with 30- and 50‑amp service and individual electric meters
• 9.2440 acres, including 4 acres of undeveloped land
• Leased 2‑bedroom, 2.5‑bath brick home and 1,300‑square‑foot apartment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,453

Cap Rate

2.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$669,060 $669.1K

Cap Rate 7%

$477,900 $477.9K

Cap Rate 9%

$371,700 $371.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,200 SF

Gross rent

$68.1K $30.96/SF

− Vacancy

−$7.3K −$3.31/SF

EGI

$60.8K $27.65/SF

− OpEx

−$27.4K −$12.44/SF

NOI

$33.5K $15.21/SF

Area

Parker County, TX

Vacancy

10.70%

Lease Rate

$30.96 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$669,060

Cap Rate 7%

$477,900

Cap Rate 9%

$371,700

Alternative Uses

Best Use

Apartment 5plus

$477.9K

$418.2K – $557.6K (±1% cap)

NOI $33,453 @ 7.0% cap · market cap 2.80%

Second Best

—

—

no second resolved use

Theoretical Best

Industrial

$2.19M

$1.91M – $2.55M (±1% cap)

NOI $153,024 @ 7.0% cap · market cap 12.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Eagle's Nest RV ... Campground & RV Park

Suggested Use

Top Pick Parking Lot & Garage Auto Repair Shop Carpet & Flooring Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

Explore this area Business Placement

Demographics for 76088, TX

13,794

Population

5,573

Households

2.5

Avg Household Size

42

Median Age

30%

College-Educated

93%

High-School Grad

161.5 sq mi

ZIP Area

85

Density / Sq Mi

$107,431

Median Household Income

$53,282

Median Earnings

$1,443

Median Rent

$374,900

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Mobile home & RV park - A mix of full-hookup sites, rental homes, and shared guest amenities supports varied lodging options.

Where is this mobile home & rv park located?

The property is located at 12700 Mineral Wells Highway # 1 Weatherford, TX.

What is the asking price?

The asking price for this property is $1,195,000.

What are key features of this property?

This property features: 26 full‑hookup RV sites with 30- and 50‑amp service and individual electric meters; 9.2440 acres, including 4 acres of undeveloped land; Leased 2‑bedroom, 2.5‑bath brick home and 1,300‑square‑foot apartment