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    9685 Us-90 Del Rio, TX 78840

    For Sale
    $750,000

    Value-add mobile home & RV park in Texas.

    Property size:
    572,683 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional value-add opportunity presents a 13.147-acre mobile home and RV park in Del Rio, Texas, boasting 73 total pads (23 mobile home, 50 RV). Currently operating at 38% occupancy (as of March 21, 2024), this property offers significant upside potential. The park features a 2,100 sq ft single-family residence and a commercial building, both currently generating rental income. The property includes a private well and septic system, with PVC piping. Recent improvements totaling $30,000 include water tank replacement, water line repairs, septic upgrades, community room renovations, new signage, and debris removal. The park is zoned commercial and situated on a single tax parcel (APN 17332) in Val Verde County, outside of a flood zone. Current annual net operating income (NOI) is $58,079, with a pro-forma NOI of $66,151, yielding a 7.74% cap rate and a pro-forma cap rate of 8.82%. Mobile home pad rents average $333-$350/month, while RV pads rent for $250-$300/month. The single-family residence rents for $350/month, and the commercial building rents for $500/month. The property utilizes annual leases and is professionally managed. The asking price is $750,000, representing a price per unit of $10,274. Future development potential includes adding more rental RVs and storage units. The park's location near Lake Amistad offers additional appeal. The total square footage is 572,683 sq ft. The property was built in 1970 and is undergoing ongoing renovations.

    Property Features for 9685 Us-90

    General Information

    Property type
    Multifamily properties
    Square Feet
    572,683 SF
    Class
    C
    Lot Size
    572,683 SF

    Building Details

    Year Built
    1970
    Buildings
    1
    Stories
    1
    Units
    73

    HighLights

    • 13.14‑acre mobile home and RV park with 73 pads (23 mobile home, 50 RV) in Del Rio, TX.
    • Currently 38% occupied (March 21, 2024), offering significant upside potential.
    • Includes a 2,100 sq ft single‑family residence and a commercial building, both generating rental income.
    • Features a private well and septic system; recent $30,000 improvements include water system upgrades and community room renovations.
    • Zoned commercial, single tax parcel (APN 17332), outside flood zone; $750,000 asking price ($10,274 per unit).
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Del Rio
    County
    Val Verde
    State
    Texas
    Longitude
    -100.9757576
    Latitude
    29.46094319

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    FAQs

    What type of property is this?
    Multifamily property - Value-add mobile home & RV park in Texas.
    Where is this multifamily property located?
    The property is located at 9685 Us-90 Del Rio, TX.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 13.14-acre mobile home and RV park with 73 pads (23 mobile home, 50 RV) in Del Rio, TX.; Currently 38% occupied (March 21, 2024), offering significant upside potential.; Includes a 2,100 sq ft single-family residence and a commercial building, both generating rental income.
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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
    9685 Us-90 Del Rio, TX 78840
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