RV Park with Rental
New
For Sale
$1,195,000
12700 Mineral Wells Hwy, Weatherford, TX 76088
Hilltop property combines full-hookup sites, residences, tiny homes, and undeveloped acreage beside Mineral Wells State Park.
Property Size2,200 SF
Price / SF$543.18
Days on Market6
Property Features for 12700 Mineral Wells Hwy
General Information
Standard status
Active
Size
2,200 SF
Additional Details
Utilities to Site
Yes
Multifamily Units
6
Amenities
laundry shower room
dog run
community fire pit
grills
picnic tables
Building Details
Year Built
1999
Listing Agency:
Aspire Investments LLC
(817) 666-3336
Listed By:
Sherry Patterson · License #0663367
Source:
Heritance
Added: Aug 24
Changed: Aug 29
Last Checked: Aug 29 at 10:50AM
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 RV park property includes 26 full-hookup sites with 30- and 50-amp service and individually metered electric. The improvements include a leased two-bedroom, 2.5-bath brick home, a 1,300 SF barndominium apartment, and 1,300 SF of enclosed storage that could be converted into another apartment. Three tiny homes are operational, while a fourth is ready for renovation. A laundry and shower room, dog run, community fire pit, grills, and picnic tables serve the property. City water is supplied through a rural water company, and a septic system is in place.
The property sits on over 9 acres at 12700 Mineral Wells Hwy in Weatherford, Texas, next to Mineral Wells State Park. Approximately 4 acres remain undeveloped and are identified for additional RV sites, cabins, glamping units, or recreational amenities. The property was built in 1999.
The property sits on over 9 acres at 12700 Mineral Wells Hwy in Weatherford, Texas, next to Mineral Wells State Park. Approximately 4 acres remain undeveloped and are identified for additional RV sites, cabins, glamping units, or recreational amenities. The property was built in 1999.
Key Highlights
- 26 full‑hookup RV sites with 30 & 50 amp service and individually metered electric
- Leased 2 bed, 2.5 bath brick home plus a 1,300 SF barndominium apartment
- Three fully functional tiny homes and one additional tiny home ready for renovation
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
Lease Details
6
Residential units
Yes
Utilities to site
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
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Hilltop property combines full-hookup sites, residences, tiny homes, and undeveloped acreage beside 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: 26 full‑hookup RV sites with 30 & 50 amp service and individually metered electric; Leased 2 bed, 2.5 bath brick home plus a 1,300 SF barndominium apartment; Three fully functional tiny homes and one additional tiny home ready for renovation
