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8201 Sunflower Ave San Angelo, TX 76901

Sponsored
For Sale
$3,350,000

Thriving RV park, high occupancy, strong NOI.

Property size:
1,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
393
Exceptional investment opportunity: Grape Creek Phoenix RV Park, a stabilized Class C multifamily property (RV park) in San Angelo, TX, is offered at $3,350,000. This 9.78-acre park boasts 106 RV spaces and 4 rental cabins, plus an office, storage buildings, and a laundromat. Built between 2012 and 2016, the park features two buildings and enjoys a 90% occupancy rate (as of January 23, 2024), generating a strong Net Operating Income (NOI) of $292,270 and an 8.72% cap rate. The property includes public water and electricity (30 & 50 amp service) and private septic systems. Conveniently located on Sunflower Avenue, near Highway 87, it benefits from proximity to San Angelo (population 100,000), San Angelo Regional Airport, and the heavily traveled Highway 87 corridor connecting to Midland/Odessa. The area has experienced significant growth in wind, solar, and oilfield activity over the past five years. This well-maintained park presents a compelling investment opportunity with a price per unit of $30,454.55 and a price per square foot of $3,350. The property's total square footage is 1,000, and it consists of 110 units (including cabins). The legal description is R000056523. The ownership structure is an LLC.

Property Features for 8201 Sunflower Ave

General Information

Property type
Multifamily properties
Square Feet
1,000 SF
Class
C
Lot Size
426,017 SF

Building Details

Year Built
2012
Buildings
2
Units
110

HighLights

  • $3,350,000 asking price for a stabilized, Class C multifamily investment property.
  • 8.72% cap rate with a $292,270 NOI.
  • 90% occupancy as of January 23, 2024.
  • 110 total units (106 RV pads and 4 cabins) on a 9.78‑acre lot.
  • Built between 2012 and 2016, featuring two buildings including an office, storage, and laundromat.
  • Located at 8201 Sunflower Ave, San Angelo, TX 76901, near Highway 87.
Property Profile Location Intelligence

Current Use by Public Records

Grapecreek Phoenix RV ... Rv Park Grape Creek Phoenix ... Rv Park Stay 1 Media Media Company

Suggested Use

Restaurant Realty agency Wholesale Shop Auto Repair Shop Department Store Food Market Storage Facility Grocery Store Bar & Pub Garden Center

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

Location Insight

  • Map
  • Local Demand
City
San Angelo
County
Tom Green
State
Texas
Longitude
-100.53762742829
Latitude
31.558511413769

FAQs

What type of property is this?
Multifamily property - Thriving RV park, high occupancy, strong NOI.
Where is this multifamily property located?
The property is located at 8201 Sunflower Ave San Angelo, TX.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: $3,350,000 asking price for a stabilized, Class C multifamily investment property.; 8.72% cap rate with a $292,270 NOI.; 90% occupancy as of January 23, 2024.
More about this property
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