Building Details

Year Built 1996

Listing Agency: Southern Oklahoma Realty

Listed By: Sarah Fulton · License #159444 Show Phone

Source: Alloverok

Added: Jul 13 Changed: Oct 8 Last Checked: Oct 7 at 3:56PM

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Investment Insights

Based on property information with market context.

This RV resort includes 56 spaces across an 8-acre property, with established management already in place. Amenities include a keypad-operated bathhouse with four showers, a tankless water heater, Wi-Fi, a basketball court, a dog park, picnic tables, and open areas for recreation. An on-site restaurant adds a separate operating component to the property.

The resort is located minutes from I-35 and positioned midway between Oklahoma City and Dallas. The restaurant sits directly across from a high school, providing an established nearby customer base. Movie equipment from the property’s former drive-in cinema use can be included, offering the option to restore that component for screenings or live-streamed concerts.

Key Highlights

• 56 RV spaces on 8 acres
• On‑site restaurant directly across from a high school
• Established management already in place

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$80,467

Cap Rate

8.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,609,340 $1.6M

Cap Rate 7%

$1,149,529 $1.1M

Cap Rate 9%

$894,078 $894.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,500 SF

Gross rent

$117.0K $18.00/SF

− Vacancy

−$9.7K −$1.49/SF

EGI

$107.3K $16.51/SF

− OpEx

−$26.8K −$4.13/SF

NOI

$80.5K $12.38/SF

Area

Carter County, OK

Vacancy

8.30%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,609,340

Cap Rate 7%

$1,149,529

Cap Rate 9%

$894,078

Alternative Uses

Best Use

Specialty Retail

$1.15M

$1.01M – $1.34M (±1% cap)

NOI $80,467 @ 7.0% cap · market cap 8.13%

Second Best

Apartment 5plus

$662.2K

$579.4K – $772.6K (±1% cap)

NOI $46,355 @ 7.0% cap · market cap 4.68%

Theoretical Best

Office A

$1.67M

$1.46M – $1.94M (±1% cap)

NOI $116,688 @ 7.0% cap · market cap 11.79%

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

Property Analytics

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Current Use

Mobile home & RV ...

Suggested Use

Top Pick Auto Repair Shop Nail Salon Clothing & Fashion Store Restaurant

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

41

Businesses Nearby

Explore this area Business Placement

Demographics for 73458, OK

734

Population

330

Households

2.2

Avg Household Size

47

Median Age

16%

College-Educated

87%

High-School Grad

93.5 sq mi

ZIP Area

8

Density / Sq Mi

$78,750

Median Household Income

$38,750

Median Earnings

$1,054

Median Rent

$174,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Mobile home & RV park - The property combines RV accommodations, established management, recreational amenities, and an operating restaurant in one commercial setting.

Where is this mobile home & rv park located?

The property is located at 16677 Us Highway 77 Springer, OK.

What is the asking price?

The asking price for this property is $990,000.

What are key features of this property?

This property features: 56 RV spaces on 8 acres; On‑site restaurant directly across from a high school; Established management already in place