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    501 Byrd St Crane, TX 79731

    For Sale
    $649,900

    Texas RV Park - High ROI Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This thriving 34-space RV park in Crane, Texas, presents a compelling investment opportunity. Situated on a 2.07-acre lot, the property boasts two buildings, including a rental cabin and a duplex, currently generating $1,550 in monthly rent from month-to-month tenants. The RV park itself features 34 pads with an 85% occupancy rate, averaging approximately $500 per month in rent per space. The park provides all utilities (water, sewer, trash, electricity) to its residents. Built in 2017, this Class B property offers significant value-add potential. Opportunities include adding more cabin rentals, installing an ice machine, or implementing wifi services. The proximity to a laundromat suggests the potential for adding a coin-operated laundry facility as an additional revenue stream. The property's strong financial performance is reflected in its $649,900 asking price, $98,000 NOI, and impressive 15.08% cap rate. The property is offered for sale by owner and features 37 total units. The price per unit is $17,564.86. City water and a septic system are in place. This is a fantastic opportunity for an owner/user seeking a high-return investment with considerable upside.

    Property Features for 501 Byrd St

    General Information

    Property type
    Multifamily properties
    Class
    B
    Lot Size
    90,169 SF

    Building Details

    Year Built
    2017
    Buildings
    2
    Units
    37

    HighLights

    • Thriving 34‑space RV park in Crane, TX on a 2.07‑acre lot.
    • Generates $1,550 monthly rent from existing cabin and duplex, plus ~$17,000 monthly RV pad rent (85% occupancy).
    • All utilities provided; built in 2017.
    • $649,900 asking price, $98,000 NOI, 15.08% cap rate.
    • 37 total units, $17,564.86 per unit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Crane
    County
    Crane
    State
    Texas
    Longitude
    -102.36216734614
    Latitude
    31.395850235611

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    FAQs

    What type of property is this?
    Multifamily property - Texas RV Park - High ROI Potential
    Where is this multifamily property located?
    The property is located at 501 Byrd St Crane, TX.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: Thriving 34-space RV park in Crane, TX on a 2.07-acre lot.; Generates $1,550 monthly rent from existing cabin and duplex, plus ~$17,000 monthly RV pad rent (85% occupancy).; All utilities provided; built in 2017.
    Request Owner's contact information
    501 Byrd St Crane, TX 79731
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    Crane, TX 79731
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    Realmo Value Estimation

    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.

    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.

    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
    501 Byrd St Crane, TX 79731
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