6345 Gulfway Dr Groves, TX 77619

Listing agency CBRE - Houston Galleria

Listed by Will Shealy · License #TX: 732835

Source Crexi

Added: Apr 12 Updated: Jul 22 at 11:26AM Checked: Jul 22 at 11:26AM

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Investment Insights

Based on property information with market context.

Groves RV Park is a 93-space RV resort in Groves, Texas. The property features WiFi and TV, along with eight washers and eight dryers supported by city water and city sewer. A full-time manager and a full-time maintenance employee are on site.

The park operates with a mix of long-term tenants and temporary workers, with 27 of the 93 RV spaces currently occupied by full-time tenants. The property is positioned within a mix of the 100-year and 500-year flood zones.

For nearby employment demand, the park is described as a short drive to Total Petrochemical USA, Inc., BASF FINA Petrochemical, Chevron Phillips Petrochemical, Valero Motiva Enterprises, LLC, and Huntsman Corporation.

Key Highlights

• Groves RV Park: 93‑space RV resort in Groves, TX
• 9.0% capitalization rate with estimated net operating income of $301,569
• City water and city sewer service, plus WiFi and TV

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FAQs

What type of property is this?

Mobile home & RV park - RV resort offering 93 spaces with on-site amenities including WiFi, laundry facilities, and city water and sewer.

Where is this mobile home & rv park located?

The property is located at 6345 Gulfway Dr Groves, TX.

What are key features of this property?

This property features: Groves RV Park: 93‑space RV resort in Groves, TX; 9.0% capitalization rate with estimated net operating income of $301,569; City water and city sewer service, plus WiFi and TV