Listing Agency: eXp Realty, LLC k***@exprealty.net Show Phone

Listed By: Darryl G Baskin · License #107001 Show Phone

Source: Exprealty

Added: Jul 22 Changed: Oct 15 Last Checked: Oct 16 at 9:26AM

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Investment Insights

Based on property information with market context.

This established mobile home and RV park includes 15 mobile homes and 13 existing RV sites, along with 9 additional rentable RV spaces. On-site amenities also include a spacious 2-bedroom, 1-bath manager’s apartment and an additional 1-bedroom, 1-bath studio apartment. A workshop with a 2-car garage and office space supports day-to-day operations, and the property offers 16 enclosed boat/storage units for extra rental revenue.

The park sits on approximately 8.25 acres backing to Corps of Engineers land and is described as just minutes from historic downtown Wagoner and Fort Gibson Lake.

Additional expansion room is referenced as part of the site layout, supporting the park’s established operations and diversified income streams.

Key Highlights

• Approximately 8.25‑acre mobile home and RV park backing to Corps of Engineers land
• 15 mobile homes plus 13 existing RV sites and 9 additional rentable RV spaces
• Manager’s apartment: 2 bed, 1 bath, approximately 1,600 SF

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$116,684

Cap Rate

7.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,333,680 $2.3M

Cap Rate 7%

$1,666,914 $1.7M

Cap Rate 9%

$1,296,489 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,750 SF

Gross rent

$230.1K $15.60/SF

− Vacancy

−$17.9K −$1.22/SF

EGI

$212.2K $14.38/SF

− OpEx

−$95.5K −$6.47/SF

NOI

$116.7K $7.91/SF

Area

Wagoner County, OK

Vacancy

7.80%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,333,680

Cap Rate 7%

$1,666,914

Cap Rate 9%

$1,296,489

Alternative Uses

Best Use

Apartment 5plus

$1.67M

$1.46M – $1.94M (±1% cap)

NOI $116,684 @ 7.0% cap · market cap 7.78%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.48M

$3.04M – $4.06M (±1% cap)

NOI $243,552 @ 7.0% cap · market cap 16.24%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

The Oaks - Mobile And RV ... Campground & RV Park jetsautomotive.com Auto Repair Shop

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store Restaurant Plumbing Service Gym & Fitness Center Hotel & Motel

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

Location Intelligence

Trade Area within ½ mile

21

Businesses Nearby

Explore this area Business Placement

Demographics for 74467, OK

13,981

Population

6,826

Households

2

Avg Household Size

44

Median Age

20%

College-Educated

88%

High-School Grad

154.1 sq mi

ZIP Area

91

Density / Sq Mi

$58,398

Median Household Income

$39,350

Median Earnings

$852

Median Rent

$149,500

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Established park with 15 mobile homes, 13 RV sites, and multiple storage units generating recurring rental income.

Where is this mobile home & rv park located?

The property is located at 72548 S 322 Way Wagoner, OK.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Approximately 8.25‑acre mobile home and RV park backing to Corps of Engineers land; 15 mobile homes plus 13 existing RV sites and 9 additional rentable RV spaces; Manager’s apartment: 2 bed, 1 bath, approximately 1,600 SF