RV Park on 10
9321 N Norfolk Road Cushing, OK 74023
For Sale
$199,000
RV park with expansion potential on over 10 acres.
Property Size1,127 SF
Lot Size10.00 Acres
Price / SF$176.57
Days on Market1254
Property Features for 9321 N Norfolk Road
General Information
Standard status
Active
Size
1,127 SF
Lot size
10.00 Acres
Property subtype
Investment
Building Details
Year Built
1930
Listing Agency:
Horner Mcclure & Associates
(405) 408-4329
Listed By:
Jake Mcclure
(405) 535-6518
Source:
Xome
Added: Feb 22, 2023
Changed: Jul 10
Last Checked: Jul 29 at 4:02AM
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
Investment Insights
Based on property information with market context.
Norfolk RV Park, situated on just over 10 acres of land near the river outside of Cushing, presents an opportunity for investors or entrepreneurs looking to enter the RV park business. The property includes 10 established RV pads and offers room for expansion, allowing for the development of additional amenities or increased capacity. A 1930s home is included at no additional value, with the option to repurpose or clear it for further development. The 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. The property size is 1127 square feet.
Key Highlights
- Turnkey RV park with 10 established RV pads, ready to generate income.
- Over 10 acres of land with ample room for expansion and development.
- Located near a river in a serene, rural setting, attracting travelers seeking peaceful stays.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| 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 Uses
Best Use
Apartment 5plus
$114.8K
$100.5K – $134.0K
NOI $8,037 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$277.1K
$242.5K – $323.3K
NOI $19,400 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - RV park with expansion potential on over 10 acres.
Where is this mobile home & rv park located?
The property is located at 9321 N Norfolk Road Cushing, OK.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Turnkey RV park with **10 established RV pads, ready to generate income.**; Over 10 acres of land with ample room for expansion and development.; Located near a river in a serene, rural setting, attracting travelers seeking peaceful stays.
