15-Unit Vacation Rental Condo
For Sale
$5,900,000
193 Rockwood Lane #15 Units, Branson, MO 65616
Four buildings contain a mix of two- and three-bedroom units, with dedicated boat trailer parking.
Property Size23,313 SF
Price / SF$253.08
Days on Market14
Property Features for 193 Rockwood Lane #15 Units
General Information
Standard status
Active
Size
23,313 SF
Property subtype
Commercial
Units
Unit Mix
12 x 3BR, 3 x 2BR
Multifamily Units
15
Taxes and HOA fees
Annual Taxes
$28,213
Building Details
Building Size
23,313 SF
Year Built
1996
Buildings
4
Units
15
Listing Agency:
EXP Realty, LLC.
(816) 982-5990
Listed By:
Gary Nelson
(417) 464-6915
Source:
Hcwrealty
Added: Oct 12
Changed: Oct 24
Last Checked: Oct 24 at 2:35PM
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 EXP Realty, LLC.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This short-term rental portfolio comprises 15 condominium units across four buildings at Rockwood Resort & Condos. The mix includes twelve 3-bedroom condos and three 2-bedroom condos. The property was built in 1996 and is offered as an established vacation rental operation.
The resort is on Indian Point, directly on Table Rock Lake and just past Silver Dollar City. Dedicated parking for boat trailers is available. Association dues cover water, sewer, and trash.
The resort is on Indian Point, directly on Table Rock Lake and just past Silver Dollar City. Dedicated parking for boat trailers is available. Association dues cover water, sewer, and trash.
Key Highlights
- 15 condos across four buildings
- Twelve 3‑bedroom condos and three 2‑bedroom condos
- On Table Rock Lake at Rockwood Resort & Condos on Indian Point
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$188,270
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,765,400
$3.8M
Cap Rate 7%
$2,689,571
$2.7M
Cap Rate 9%
$2,091,889
$2.1M
Market Conditions
NOI Build-Up for 23,313 SF
Gross rent
$372.1K $15.96/SF
− Vacancy
−$29.8K −$1.28/SF
EGI
$342.3K $14.68/SF
− OpEx
−$154.0K −$6.61/SF
NOI
$188.3K $8.08/SF
Area
Taney County, MO
Vacancy
8.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,765,400
Cap Rate 7%
$2,689,571
Cap Rate 9%
$2,091,889
Alternative Uses
Best Use
Apartment 5plus
$2.69M
$2.35M – $3.14M
NOI $188,270 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.56M
$3.99M – $5.32M
NOI $318,922 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 65616, MO
27,562
Population
16,419
Households
1.7
Avg Household Size
43
Median Age
30%
College-Educated
90%
High-School Grad
76.5 sq mi
ZIP Area
360
Density / Sq Mi
$60,253
Median Household Income
$29,892
Median Earnings
$975
Median Rent
$243,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Short term rental property - Four buildings contain a mix of two- and three-bedroom units, with dedicated boat trailer parking.
Where is this short term rental property located?
The property is located at 193 Rockwood Lane #15 Units Branson, MO.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 15 condos across four buildings; Twelve 3‑bedroom condos and three 2‑bedroom condos; On Table Rock Lake at Rockwood Resort & Condos on Indian Point
