RV Park with Storage
For Sale
$1,000,000
2520 Highway 199, Springtown, TX 76082
RV sites and storage containers sit behind fenced drive access, supported by an on-site office and warehouse buildings.
Property Size7,325 SF
Lot Size9.89 Acres
Price / SF$136.52
Days on Market44
Property Features for 2520 Highway 199
General Information
Standard status
Active
Size
7,325 SF
Lot size
9.89 Acres
Property subtype
Business Opportunities
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$11,248
Amenities
Electric, A/C - Other
3
Level
US Highway, Asphalt, Gravel Road, Acreage, Clear lot, Level.
Building Details
Year Built
2010
Listing Agency:
Lori Mayo Real Estate GroupLLC
(817) 798-4663
Listed By:
Lori Mayo · License #0460623
(817) 798-4663
Source:
Xome
Added: Jun 29
Changed: Aug 8
Last Checked: Aug 11 at 4:47AM
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 value-add RV park and storage facility is offered for sale as-is and includes 34 RV sites with individual electric meters, including nine covered spaces. Additional improvements include approximately 99 storage containers used as individual storage rentals. Site infrastructure features piped top-rail fencing along the highway frontage, gated entry, asphalt drives throughout much of the property, and full perimeter fencing.
The property also includes a 37-by-21 office building with 1.5 baths and multiple office spaces, along with a propane tank and an attached 82-by-29 warehouse. There is also a 41-by-41 concrete slab with metal framework for potential future expansion, plus two additional metal buildings measuring approximately 80-by-25 each on concrete slabs.
Residential improvements on the property include multiple manufactured homes and frame homes, along with septic systems and water wells per the seller. The seller indicates the property is served by approximately 16 septic systems and 3 water wells, and notes room for future expansion on unused acreage toward the rear. The owner is winding down operations and is not accepting new tenants, and any buyer should independently verify all information, measurements, utilities, and capacity.
The property also includes a 37-by-21 office building with 1.5 baths and multiple office spaces, along with a propane tank and an attached 82-by-29 warehouse. There is also a 41-by-41 concrete slab with metal framework for potential future expansion, plus two additional metal buildings measuring approximately 80-by-25 each on concrete slabs.
Residential improvements on the property include multiple manufactured homes and frame homes, along with septic systems and water wells per the seller. The seller indicates the property is served by approximately 16 septic systems and 3 water wells, and notes room for future expansion on unused acreage toward the rear. The owner is winding down operations and is not accepting new tenants, and any buyer should independently verify all information, measurements, utilities, and capacity.
Key Highlights
- Approximately 9.885 acres with 415' prime US Highway frontage and fenced RV park/storage facility setup
- 34 RV sites with 33 individual electric meters, including 9 covered spaces (electric served)
- On‑site storage with 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
Self Storage
$873.4K
$764.2K – $1.02M
NOI $61,136 @ 7.0% cap · market cap 6.11%
Second Best
Warehouse
$727.7K
$636.7K – $849.0K
NOI $50,937 @ 7.0% cap · market cap 5.09%
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
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
107
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Campground - RV sites and storage containers sit behind fenced drive access, supported by an on-site office and warehouse buildings.
Where is this campground located?
The property is located at 2520 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' prime US Highway frontage and fenced RV park/storage facility setup; 34 RV sites with 33 individual electric meters, including 9 covered spaces (electric served); On‑site storage with approximately 99 storage containers used as individual storage rentals
