Belton RV Park Investment
For Sale
$1,750,000
1498 Old Golf Course Rd, Belton, TX 76513
4.417 acre RV park with highway access in Belton, TX.
Property Size5,723 SF
Lot Size4.42 Acres
Days on Market155
Property Features for 1498 Old Golf Course Rd
General Information
Standard status
Active
Size
5,723 SF
Lot size
4.42 Acres
Property subtype
Commercial
Building Details
Building Size
5,723 SF
Year Built
1918
Stories
1
Listing Agency:
UCRE Heart of Texas Land & Home
(512) 906-5738
Listed By:
Gerald Glynn Hunter JR · License #0578236
(512) 906-5738
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:21AM
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 UCRE Heart of Texas Land & Home
Investment Insights
Based on property information with market context.
This 4.417-acre commercial investment opportunity is located in Belton, Texas, directly off Interstate 14, offering excellent visibility and high traffic counts. Currently operating as an RV park with six buildings, the property has city utilities and septic in place. The flat, usable land with road frontage and some city utilities on site is suitable for building and expansion. The strategic location is one hour from Austin and 45 minutes from Waco. It is ideal for a commercial business, RV resort, mobile home community, storage facility, or mixed-use development, offering immediate income potential and long-term growth possibilities in the rapidly growing Bell County area.
Key Highlights
- Prime highway access directly off Interstate 14 with excellent visibility and high traffic counts.
- 4.417 acre property suitable for commercial business, RV resort, mobile home community, storage facility, or mixed‑use development.
- Currently operating as an RV park with six buildings, providing immediate income potential.
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
$53,073
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
3.03%
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%
$1,061,460
$1.1M
Cap Rate 7%
$758,186
$758.2K
Cap Rate 9%
$589,700
$589.7K
Market Conditions
NOI Build-Up for 5,723 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
$82.4K $14.40/SF
− Vacancy
−$6.6K −$1.15/SF
EGI
$75.8K $13.25/SF
− OpEx
−$22.7K −$3.97/SF
NOI
$53.1K $9.27/SF
Area
Bell County, TX
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,061,460
Cap Rate 7%
$758,186
Cap Rate 9%
$589,700
Alternative Uses
Best Use
Apartment 5plus
$58.55M
$51.23M – $68.31M
NOI $4,098,391 @ 7.0% cap · market cap 234.19%
Second Best
Self Storage
$758.2K
$663.4K – $884.6K
NOI $53,073 @ 7.0% cap · market cap 3.03%
Theoretical Best
Multifamily LT 5
$63.89M
$55.90M – $74.54M
NOI $4,472,250 @ 7.0% cap · market cap 255.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 76513, TX
43,698
Population
16,004
Households
2.7
Avg Household Size
36
Median Age
33%
College-Educated
89%
High-School Grad
108.3 sq mi
ZIP Area
403
Density / Sq Mi
$82,366
Median Household Income
$38,428
Median Earnings
$1,216
Median Rent
$260,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - 4.417 acre RV park with highway access in Belton, TX.
Where is this mobile home & rv park located?
The property is located at 1498 Old Golf Course Rd Belton, TX.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Prime highway access directly off Interstate 14 with excellent visibility and high traffic counts.; 4.417 acre property suitable for commercial business, RV resort, mobile home community, storage facility, or mixed‑use development.; Currently operating as an RV park with six buildings, providing immediate income potential.
