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745 Fm 343 Rusk, TX 75785
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For Sale
$2,800,000
East Texas Campground Investment
Description
Added:
Dec 11, 2024
Days on Market:
410
This exceptional East Texas RV park and campground, situated on 15.7 acres in Rusk, TX (75785), presents a lucrative investment opportunity. Boasting over 200 income-producing rental spaces, the property includes 102 full hook-up RV sites (54 paved pull-thrus and 48 grass sites), each equipped with water, electric (50/30/20 amp), sewer, and free Wi-Fi. Pull-thru sites feature picnic tables and fire pits, with 14 also offering patios. Paved sites have cable TV access. The property also features 12 cabins (8 deluxe with private baths and kitchens), 4 deluxe tent campsites, 2 tipis, and 100+ primitive tent sites, many with fire pits. Amenities are extensive and include a large saltwater pool, hiking trails, playground, basketball court, horseshoe pits, jumping pad, volleyball, tetherball, bike rentals, a wooded dog park, a common area bathroom with showers, an onsite laundry facility, a clubhouse with banquet room, a covered pavilion, and a full commercial kitchen. An onsite camp store/gift shop offers propane and firewood. The property benefits from city water and sewer, an operating dump station, and Starlink high-speed Wi-Fi. The 2023 tax rate is $1.61 per $100 of assessed value. An additional approximately 4.9 acres with water, electricity, a stage, and an RV park model overlooking a 1.5-acre fishing pond, is available for purchase separately. This adjacent land includes utilities and pads for a potential 10+ site expansion. The property enjoys a strong reputation, reflected in its 4.7-star Google review and 4.5-star TripAdvisor rating. Financial details are available upon request.
Property Features for 745 Fm 343
General Information
Property type
Multifamily properties
Lot Size
683,892 SF
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Listing Contact
Chris Joyce
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Property Insight Report
HighLights
102 RV sites: 54 paved pull‑throughs and 48 grass sites, all with water, electric (50/30/20 amp), sewer, and Wi‑Fi. Pull‑throughs feature picnic tables and fire pits; 14 have patios. Paved sites have cable TV.
12 cabins with covered porches and outdoor picnic areas; 8 are deluxe with private baths and kitchens.
4 deluxe tent campsites with pads, 2 tipis with electricity; all 6 have picnic tables and fire pits; 100+ additional primitive tent sites, many with fire pits.
Starlink high‑speed Wi‑Fi throughout.
Amenities include a saltwater pool, hiking trails, playground, basketball, horseshoes, jumping pad, volleyball, tetherball, bike rentals, and a dog park.
Common area bathrooms with showers for tent campers.
Multifamily property - East Texas Campground Investment
Where is this multifamily property located?
The property is located at 745 Fm 343 Rusk, TX.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 102 RV sites: 54 paved pull-throughs and 48 grass sites, all with water, electric (50/30/20 amp), sewer, and Wi-Fi. Pull-throughs feature picnic tables and fire pits; 14 have patios. Paved sites have cable TV.; 12 cabins with covered porches and outdoor picnic areas; 8 are deluxe with private baths and kitchens.; 4 deluxe tent campsites with pads, 2 tipis with electricity; all 6 have picnic tables and fire pits; 100+ additional primitive tent sites, many with fire pits.
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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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745 Fm 343 Rusk, TX 75785
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745 Fm 343, Rusk, TX
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745 Fm 343, Rusk, TX
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Listing Contact
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Real Estate License ID: TX 695869
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