RV Park with Full
New
For Sale
$475,000
1950 Cimmaron, Wilson, OK 73463
The operating park serves RV guests with utility connections at each site and has scope for additional spaces.
Property Size4,520 SF
Price / SF$105.09
Days on Market2
Property Features for 1950 Cimmaron
General Information
Standard status
Active
Size
4,520 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Cap Rate
6.59%
Building Details
Year Built
1996
Listing Agency:
White Buffalo Realty, Inc.
Listed By:
Candace Storms · License #159480
(580) 678-2365
Source:
Cheathamrealty
Added: Oct 7
Last Checked: Oct 7 at 2:41PM
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 White Buffalo Realty, Inc.
Investment Insights
Based on property information with market context.
This operating RV park has 23 sites, each with full hookups. The property also has potential for approximately 6 additional RV sites, subject to development. Its estimated cap rate is 6.59%.
The park is along Highway 70 outside Wilson, Oklahoma, with access to the town and the surrounding area, including Lake Murray, casinos, shopping and restaurants.
The park is along Highway 70 outside Wilson, Oklahoma, with access to the town and the surrounding area, including Lake Murray, casinos, shopping and restaurants.
Key Highlights
- 23 RV sites with full hookups
- Potential to add approximately 6 RV sites
- Estimated 6.59% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,234
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,680
$644.7K
Cap Rate 7%
$460,486
$460.5K
Cap Rate 9%
$358,156
$358.2K
Market Conditions
NOI Build-Up for 4,520 SF
Gross rent
$65.6K $14.52/SF
− Vacancy
−$7.0K −$1.55/SF
EGI
$58.6K $12.97/SF
− OpEx
−$26.4K −$5.83/SF
NOI
$32.2K $7.13/SF
Area
Carter County, OK
Vacancy
10.70%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,680
Cap Rate 7%
$460,486
Cap Rate 9%
$358,156
Alternative Uses
Best Use
Apartment 5plus
$460.5K
$402.9K – $537.2K
NOI $32,234 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,143 @ 7.0% cap · market cap 17.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 73463, OK
3,365
Population
1,709
Households
2
Avg Household Size
43
Median Age
11%
College-Educated
87%
High-School Grad
209.9 sq mi
ZIP Area
16
Density / Sq Mi
$56,372
Median Household Income
$42,538
Median Earnings
$783
Median Rent
$107,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - The operating park serves RV guests with utility connections at each site and has scope for additional spaces.
Where is this mobile home & rv park located?
The property is located at 1950 Cimmaron Wilson, OK.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 23 RV sites with full hookups; Potential to add approximately 6 RV sites; Estimated 6.59% cap rate
