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    Established RV Park on Five Acres Title is generated by Realmo AI

    501 505 509 Lakeview Trl, McQueeney, TX 78123

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    Operating RV park with homes on five acres.

    Type:Multifamily
    Property size:
    3,480 SF
    Lot size:
    5.00 Acres
    Price / SF:
    $430/SF
    Added:
    Mar 10, 2026
    Days on Market:
    84
    Last Refresh:
    Mar 19 at 10:14 pm

    Property Features for 501 505 509 Lakeview Trl

    General Information

    Standard status
    Active
    Size
    3,480 SF
    Lot size
    5.00 Acres
    Property subtype
    Multifamily

    Building Details

    Year Built
    2005

    We can help!

    Listing Contact
    Esther Herklotz
    Esther Herklotz

    Listing agent Esther Herklotz License #0688416

    Listing office Weichert, REALTORS - Corwin & Associates

    Listing date Mar 10, 2026

    Source Crexi

    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 Weichert, REALTORS - Corwin & Associates

    HighLights

    • Established RV Park business with 10 leased, individually metered RV slots provides immediate income.
    • Primary 2017‑built home and secondary home included on the property.
    • Five‑acre property with three septic tanks and three electric meters offers expansion potential.
    • Essential infrastructure in place: generator, propane tank, 4000‑gallon water tank, and motor‑powered water well.
    • Above‑ground pool for recreation.
    • Property is not in a flood plain (FEMA Service Map).

    Overview

    This property features an existing RV park business permitted for 20 plus RV slots, with 10 fully established slots that are individually power metered and leased month to month. The property includes a primary home built in 2017 and a secondary home. Additional features are an above-ground pool, a generator, a propane tank, and a 4000-gallon water tank. A motor-powered water well is housed in a covered building. The site has two circle driveways, three septic tanks, and three electric meters, all situated on five acres. The owners intend to retain five of the ten leased RVs. The refrigerator in the primary home conveys with the property. A tower and fenced area around the tower at the back corner of the property are leased to a utility company. According to the FEMA Service Map, the property is not in a flood plain. The owners are willing to discuss the financials of their family-owned business after acceptance of an offer. The property size is 3480 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McQueeney
    County
    Guadalupe
    State
    Texas
    Longitude
    -98.0483314
    Latitude
    29.6038682

    FAQs

    What type of property is this?
    Mobile home & RV park - Operating RV park with homes on five acres.
    Where is this mobile home & rv park located?
    The property is located at 501 505 509 Lakeview Trl McQueeney, TX.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: Established RV Park business with 10 leased, individually metered RV slots provides immediate income.; Primary 2017‑built home and secondary home included on the property.; Five‑acre property with three septic tanks and three electric meters offers expansion potential.
    (936) 662-7747 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Esther Herklotz
    Esther Herklotz
    Real Estate License ID: 0688416
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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