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    176 Co Rd Orange Grove, TX 78372

    For Sale
    $900,000

    High-Income Potential, 16 Units

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This 4.83-acre Texas property offers a unique investment opportunity. Built in 2016, it includes a 12-unit RV park with independently metered sites, three apartments (one two-bedroom, two studios), and a 6,100 sq ft event center complete with a full bar and stage. The property boasts a roping arena with spectator stands, a concession stand, and an announcer booth. Ample space exists to expand the RV park by 40+ sites and the existing unpaved event parking accommodates 80+ vehicles. The property features a 100-foot deep well (with approximately 60 feet of water) and a septic system. The property is classified as Class B and offers a 9% cap rate. The asking price is $900,000. All measurements and data should be independently verified. This multi-purpose property presents significant upside income potential and is located in Orange Grove, Texas, in Jim Wells County, at 176 Co Rd 304, zip code 78372.

    Property Features for 176 Co Rd

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Year Built
    2016
    Units
    16

    HighLights

    • Investment‑grade RV park with expansion potential, offering significant upside.
    • On‑site bar and event center generating supplemental income.
    • Three rental apartments: one two‑bedroom and two studios.
    • Expandable RV park with capacity for 40+ additional sites.
    • Ample unpaved parking for 80+ event vehicles.
    • Roping arena with spectator stands, concession stand, and announcer booth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Orange Grove
    County
    Jim Wells
    State
    Texas
    Longitude
    -97.976128660529
    Latitude
    27.995458262571

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    FAQs

    What type of property is this?
    Multifamily property - High-Income Potential, 16 Units
    Where is this multifamily property located?
    The property is located at 176 Co Rd Orange Grove, TX.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: Investment-grade RV park with expansion potential, offering significant upside.; On-site bar and event center generating supplemental income.; Three rental apartments: one two-bedroom and two studios.
    Request Owner's contact information
    176 Co Rd Orange Grove, TX 78372
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    Orange Grove, TX 78372
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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
    176 Co Rd Orange Grove, TX 78372
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