RV Park and Storage
New
For Sale
$1,000,000
2520 E Highway 199, Springtown, TX 76082
Combined recreational-vehicle and storage property with fenced grounds, gated entry, office space, and multiple additional structures.
Property Size7,325 SF
Lot Size9.89 Acres
Days on Market3
Property Features for 2520 E Highway 199
General Information
Standard status
Active
Size
7,325 SF
Lot size
9.89 Acres
Property subtype
Warehouse
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
2,378 SF
Office Build-Out
777 SF
Self-Storage Units
99
Taxes and HOA fees
Annual Taxes
$11,248
Building Details
Building Size
7,325 SF
Year Built
2010
Listing Agency:
Lori Mayo Real Estate GroupLLC
Listed By:
Lori Mayo · License #0460623
(817) 798-4663
Source:
Baerealty
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 23 at 2:57AM
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 Lori Mayo Real Estate GroupLLC
Investment Insights
Based on property information with market context.
This approximately 9.885-acre property combines an RV park with container storage and multiple residential and commercial improvements. The site includes 34 RV spaces, including 9 covered sites and 33 individual electric meters, along with approximately 99 storage containers. Paved drives serve much of the grounds, which also feature full perimeter fencing, a gated entrance, and piped top-rail fencing along approximately 415' of highway frontage.
Improvements include a 37x21 office building with 1.5 baths and multiple office areas, an attached 82x29 warehouse, two additional metal buildings measuring approximately 80x25 each, and a 41x41 concrete slab with metal framing in place. Residential improvements include a 2010 doublewide manufactured home measuring approximately 32x58, a 48x15 single-wide manufactured home, a 45x27 frame home near the entrance, and an additional frame home at the front of the property. The seller reports approximately 16 septic systems and 3 water wells. The property is offered AS-IS.
Improvements include a 37x21 office building with 1.5 baths and multiple office areas, an attached 82x29 warehouse, two additional metal buildings measuring approximately 80x25 each, and a 41x41 concrete slab with metal framing in place. Residential improvements include a 2010 doublewide manufactured home measuring approximately 32x58, a 48x15 single-wide manufactured home, a 45x27 frame home near the entrance, and an additional frame home at the front of the property. The seller reports approximately 16 septic systems and 3 water wells. The property is offered AS-IS.
Key Highlights
- Approximately 9.885 acres with 415' of highway frontage
- 34 RV sites, including 9 covered spaces and 33 individual electric meters
- Approximately 99 storage containers used as individual storage rentals
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
$61,136
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
6.11%
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%
$1,222,720
$1.2M
Cap Rate 7%
$873,371
$873.4K
Cap Rate 9%
$679,289
$679.3K
Market Conditions
NOI Build-Up for 7,325 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
$94.9K $12.96/SF
− Vacancy
−$7.6K −$1.04/SF
EGI
$87.3K $11.92/SF
− OpEx
−$26.2K −$3.58/SF
NOI
$61.1K $8.35/SF
Area
Parker County, TX
Vacancy
8.00%
Lease Rate
$12.96 /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%
$1,222,720
Cap Rate 7%
$873,371
Cap Rate 9%
$679,289
Alternative Uses
Best Use
Apartment 5plus
$1.59M
$1.39M – $1.86M
NOI $111,384 @ 7.0% cap · market cap 11.14%
Second Best
Self Storage
$873.4K
$764.2K – $1.02M
NOI $61,136 @ 7.0% cap · market cap 6.11%
Theoretical Best
Industrial
$7.28M
$6.37M – $8.49M
NOI $509,500 @ 7.0% cap · market cap 50.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Explore this area
Business Placement
Demographics for 76082, TX
21,514
Population
8,576
Households
2.5
Avg Household Size
40
Median Age
16%
College-Educated
87%
High-School Grad
102.8 sq mi
ZIP Area
209
Density / Sq Mi
$93,553
Median Household Income
$49,323
Median Earnings
$1,275
Median Rent
$277,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Combined recreational-vehicle and storage property with fenced grounds, gated entry, office space, and multiple additional structures.
Where is this mobile home & rv park located?
The property is located at 2520 E Highway 199 Springtown, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Approximately 9.885 acres with 415' of highway frontage; 34 RV sites, including 9 covered spaces and 33 individual electric meters; Approximately 99 storage containers used as individual storage rentals
