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    103 Salt Flat Rd Bayside, TX 78340

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    For Sale
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    Profitable Texas RV Park, Stunning Views

    Property size:
    612 SF

    Property Features for 103 Salt Flat Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    612 SF
    Lot Size
    88,862 SF

    Building Details

    Year Built
    2018
    Buildings
    3
    Stories
    1
    Units
    26

    We can help!

    Listing Contact
    Annette Scott
    Annette Scott

    Listing Agency: National One Realty Listing Agent: Annette Scott

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 26-site RV park, nestled on 2.04 acres in Bayside, Texas, presents a lucrative investment opportunity. Boasting breathtaking waterfront views of Copano Bay, this established park offers 26 full-service sites with 30 and 50 amp hookups, accommodating both standard and large RVs. Each site includes a grassy area. The property includes three buildings: an 8' x 10' storage building, a three-car metal barn, and an RV storage carport. Built in 2018, the park benefits from city water and sewer services, ensuring efficient operation. The park's prime location near the Bayside Fishing Pier and Driscoll Rooke Covenant Park attracts numerous tourists and residents, providing consistent occupancy. The property's strategic position offers significant expansion potential, with room for at least 10-12 additional sites. This turnkey operation is ideally situated near popular Texas destinations like Corpus Christi, Rockport-Fulton, and Aransas Pass, further enhancing its appeal and revenue potential. The park's strong performance and prime location make it an attractive investment for those seeking a profitable and well-established waterfront RV park. The asking price is $525,000, representing a price per unit of $20,192.31 and a price per square foot of $857.84. The total square footage is 612. The property has 100% ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Bayside
    County
    Refugio
    State
    Texas
    Longitude
    -97.219552380776
    Latitude
    28.08584091203

    Nearby Similar for Sale

    • $56,000
      0.14 Acres

      Bayside, TX Land with Building

      Coastal lot with steel building near Copano Bay.
      608 First St, Bayside, TX 78340
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Profitable Texas RV Park, Stunning Views
    Where is this multifamily property located?
    The property is located at 103 Salt Flat Rd Bayside, TX.
    What is the asking price?
    The asking price for this property is $525,000.
    (512) 803-7889 Call to check price and availability
    Request Owner's contact information
    103 Salt Flat Rd Bayside, TX 78340
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    Bayside, TX 78340
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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.

    More about this property
    103 Salt Flat Rd Bayside, TX 78340
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Annette Scott
    Annette Scott
    Real Estate License ID: 0429926
    (512) 803-7889 (361) 806-9004 (361) 994-0204
    Learn more
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