Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Norfolk RV Park Opportunity Title is generated by Realmo AI

    9321 N Norfolk, Cushing, OK 74023

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $139,000

    RV park on 10 acres near river outside Cushing.

    Type:Commercial/Industrial
    Property size:
    1,127 SF
    Lot size:
    10.70 Acres
    Price / SF:
    $123/SF
    Added:
    Mar 12, 2026
    Days on Market:
    67
    Last Refresh:
    Apr 6 at 3:30 am

    Property Features for 9321 N Norfolk

    General Information

    Standard status
    Active
    Size
    1,127 SF
    Lot size
    10.70 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    Levi Horner

    Listing agent Levi Horner License #176428

    Listing office Horner McClure & Associates LL

    Listing date Mar 12, 2026

    Source Exitrealty

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

    All listing content including descriptions, pricing, images are the copyrighted material of Horner McClure & Associates LL

    HighLights

    • Turnkey RV park with 10 established pads for immediate income generation.
    • Over 10 acres of land with ample room for expansion and development.
    • Located near a river, offering a peaceful and scenic environment.
    • Potential to develop additional amenities to attract more travelers.
    • Includes a 1930s home that can be repurposed or cleared for further development.
    • Excellent starter option in the growing RV travel market.

    Overview

    Norfolk RV Park presents an opportunity for investors or entrepreneurs to enter the RV park business. The property, situated on just over 10 acres of land near the river outside of Cushing, includes 10 established RV pads and offers room for expansion. The spacious lot provides flexibility for future growth, allowing for the development of additional amenities or increased capacity. A 1930s home is included at no additional value, with the potential to be repurposed or cleared for further development. The RV park's location near a natural water source and serene rural surroundings positions it to attract travelers seeking a peaceful and scenic place to stay. This is a turnkey opportunity with the potential to generate income from day one. Norfolk RV Park is an option in the RV travel market.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $89.3K
    NOI $8,037 @ 9.00% cap · cautious / downside scenario
    Moderate
    $114.8K
    NOI $8,037 @ 7.00% cap · market / base-case scenario
    Aggressive
    $160.7K
    NOI $8,037 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $16.4k $14.52
    − Vacancy −$1.8k −$1.55
    EGI $14.6k $12.97
    − OpEx −$6.6k −$5.83
    NOI $8.0k $7.13
    1,127 SF · lease $14.52/SF/yr · vacancy 10.70% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $114.8K
    $100.5K – $134.0K (±1% cap)
    NOI $8,037 @ 7.0% cap · market cap 5.78%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $277.1K
    $242.5K – $323.3K (±1% cap)
    NOI $19,400 @ 7.0% cap · market cap 13.96%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Department Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cushing
    County
    Payne
    State
    Oklahoma
    Longitude
    -96.7123
    Latitude
    36.0866

    Nearby Similar for Sale

    • $289,900
      2,385 SF

      Cushing Commercial Office with Land

      Versatile office building near Hillcrest Hospital with expansion potential.
      1002 E Cherry Street, Cushing, OK 74023
      View Details
    • $130,000

      RV Park Potential Near Cushing

      10.7 acre property with RV sites near Cushing, Oklahoma.
      9321 N Norfolk, Cushing, OK 74023
      View Details
    • $124,900
      1,500 SF

      Corner Retail Building For Sale

      30x50 building on three lots with expansion potential.
      121 Judy Adams Blvd, Cushing, OK, 74023-3332
      View Details
    • $199,000
      1,127 SF

      RV Park on 10 Acres

      RV park with expansion potential on over 10 acres.
      9321 N Norfolk Road, Cushing, OK 74023
      View Details
    • $850,000
      42,693 SF

      Cushing Industrial Facility For Sale

      42,693 SF industrial facility on 6.77 acres in Cushing, OK.
      624 E Eseco Rd, Cushing, OK 74023
      View Details
    • $875,000
      29,200 SF

      Cushing Warehouse with Acreage

      29,200 SF warehouse on 5 acres in Cushing, OK.
      500 E 19th, Cushing, OK
      View Details
    • $500,000

      300+ Acres Ranch Land

      300+ acres of ranch land, perfect for cattle.
      E Fairlawn Road, Cushing, OK 74023
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - RV park on 10 acres near river outside Cushing.
    Where is this mobile home & rv park located?
    The property is located at 9321 N Norfolk Cushing, OK.
    What is the asking price?
    The asking price for this property is $139,000.
    What are key features of this property?
    This property features: Turnkey RV park with 10 established pads for immediate income generation.; Over 10 acres of land with ample room for expansion and development.; Located near a river, offering a peaceful and scenic environment.
    (405) 928-8737
    We can help!
    Listing Contact
    Levi Horner
    Real Estate License ID: 176428
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9321 N Norfolk, Cushing, OK 74023
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!