Turnkey RV Park with
For Sale
$1,195,000
12700 Mineral Wells Hwy, Weatherford, TX 76088
Income-producing RV park near Mineral Wells State Park.
Property Size2,200 SF
Lot Size9.00 Acres
Price / SF$543.18
Days on Market179
Property Features for 12700 Mineral Wells Hwy
General Information
Standard status
Active
Size
2,200 SF
Lot size
9.00 Acres
Building Details
Year Built
1999
Listing Agency:
Aspire Investments LLC
Listed By:
Sherry Patterson · License #0663367
(817) 666-3336
Source:
Yourdavisteam
Added: Mar 13
Changed: Sep 4
Last Checked: Sep 7 at 10:56AM
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.
This turnkey RV park, situated next to Mineral Wells State Park, presents a bonus depreciation opportunity. The property features 26 full hook-up RV sites, each equipped with 30 & 50 amp service and individually metered electric. The park is currently 100% occupied. In addition to the RV sites, the property includes a 2-bed, 2.5-bath brick home currently leased as a long-term rental, and a 1,300-square-foot barndominium apartment generating additional rental income. There is also 1,300 square feet of enclosed storage space. Three fully functional tiny homes are available for short or long-term rentals, along with one additional tiny home ready for renovation. Amenities include a laundry shower room, dog run, community fire pit, grills, and picnic tables. City water is provided through a rural water supply company, and a septic system is in place. The property spans over 9 acres, including 4 acres of undeveloped land suitable for expanding RV sites, adding cabins, glamping units, or other recreational amenities. The property offers panoramic views and proximity to Mineral Wells State Park, attracting outdoor enthusiasts, weekend travelers, and long-term guests.
Key Highlights
- 100% Occupancy and Strong Cash Flow: RV park is currently 100% full.
- Prime Location Next to Mineral Wells State Park: Offers direct access to outdoor recreation.
- Expansion Potential: Over 4 acres of undeveloped land.
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
$33,453
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
2.80%
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%
$669,060
$669.1K
Cap Rate 7%
$477,900
$477.9K
Cap Rate 9%
$371,700
$371.7K
Market Conditions
NOI Build-Up for 2,200 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
$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 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%
$669,060
Cap Rate 7%
$477,900
Cap Rate 9%
$371,700
Alternative Uses
Best Use
Apartment 5plus
$477.9K
$418.2K – $557.6K
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
NOI $153,024 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Income-producing RV park near Mineral Wells State Park.
Where is this mobile home & rv park located?
The property is located at 12700 Mineral Wells Hwy 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: 100% Occupancy and Strong Cash Flow: RV park is currently 100% full.; Prime Location Next to Mineral Wells State Park: Offers direct access to outdoor recreation.; Expansion Potential: Over 4 acres of undeveloped land.
