Building Details

Year Built 2007

Year Renovated 2023

Buildings 4

Stories 2

Units 4

Tenancy Multi

Listing Agency: Branch Realty

Listed By: Bryan Brannies · License #TX 9013288 Show Phone

Source: Crexi

Added: Jul 24 Changed: Sep 3 Last Checked: Sep 14 at 6:38AM

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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 Branch Realty

Investment Insights

Based on property information with market context.

This fully zoned and entitled tract is approved for a 58-site RV park and includes engineering plans for the approved RV park that will convey with the sale. The property spans 12.376 acres and has road frontage on two sides.

While development readiness supports an RV park buildout, the site also generates immediate rental income with four occupied residential units in good condition. Unit 1 is a stick-frame cottage with one bedroom and one bath. Units 2 and 3 are remodeled double-wide homes, including a 1997 Patriot and a 1999 Palm Harbor, both renovated in 2023, each offering three bedrooms and two baths. These three residences are served by Campbell Water Supply. The west-side mobile home has an aerobic septic tank, and the middle mobile home and east-side cottage share an aerobic septic tank.

Unit 4 is a two-story metal barndominium (39' x 39') with a 3-bedroom, 2-bath living area upstairs that includes a private balcony. The ground floor includes a 1-bedroom, 1-bath guest quarters with kitchenette, garage, and a covered patio. Unit 4 is served by a private water well and a lateral line septic system. Year built: 2007.

Key Highlights

• 12.376‑acre tract with road frontage on two sides
• Approved and fully zoned for a 58‑site RV park
• Engineering plans for the approved RV park convey with the sale

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

$91,464

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

9.19%

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%

$1,829,280 $1.8M

Cap Rate 7%

$1,306,629 $1.3M

Cap Rate 9%

$1,016,267 $1.0M

Market Conditions

NOI Build-Up for 6,015 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

$186.2K $30.96/SF

− Vacancy

−$19.9K −$3.31/SF

EGI

$166.3K $27.65/SF

− OpEx

−$74.8K −$12.44/SF

NOI

$91.5K $15.21/SF

Area

Hunt County, TX

Vacancy

10.70%

Lease Rate

$30.96 /SF/Yr

Expense Ratio

45.00%

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%

$1,829,280

Cap Rate 7%

$1,306,629

Cap Rate 9%

$1,016,267

Alternative Uses

Best Use

Apartment 5plus

$1.31M

$1.14M – $1.52M (±1% cap)

NOI $91,464 @ 7.0% cap · market cap 9.19%

Second Best

—

—

no second resolved use

Theoretical Best

Industrial

$5.98M

$5.23M – $6.97M (±1% cap)

NOI $418,381 @ 7.0% cap · market cap 42.05%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Mobile home & RV ...

Suggested Use

Top Pick Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Explore this area Business Placement

Demographics for 75422, TX

2,902

Population

1,226

Households

2.4

Avg Household Size

44

Median Age

23%

College-Educated

83%

High-School Grad

67.8 sq mi

ZIP Area

43

Density / Sq Mi

$64,938

Median Household Income

$33,340

Median Earnings

$1,148

Median Rent

$205,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mobile home & rv parks located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Fully zoned and entitled RV park tract with approved engineering plans and four occupied residential units generating rental income.

Where is this mobile home & rv park located?

The property is located at 4126 COUNTY RD 4111 Campbell, TX.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: 12.376‑acre tract with road frontage on two sides; Approved and fully zoned for a 58‑site RV park; Engineering plans for the approved RV park convey with the sale