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    139 Pr 1537 Rd Decatur, TX 76246

    For Sale
    $5,900,000

    Texas Lakeside RV Park Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 75-acre Texas RV resort presents a lucrative investment opportunity. Currently featuring 45 developed sites with chip seal roads, two cabins, a paved boat launch, and a 600-foot fishing dock situated on 10.55 acres with 1500 feet of Lake Bridgeport frontage, this established business boasts a strong pro-forma NOI of $681,948 and an 11.56% cap rate. The property, located at 139 Pr 1537 Road, Bridgeport, TX 76246, is part of a larger five-phase development plan, with Phase 2 currently under construction. The asking price is $5,900,000, representing a price per unit of $125,531.91. This turnkey operation offers stunning lake views and a variety of amenities, including nature trails, making it an ideal destination for outdoor enthusiasts. The resort has been operating successfully for over 70 years, providing a strong foundation for continued growth and profitability. The gross lease structure and multi-tenancy provide a diversified income stream. Detailed financial information is available upon request. This is a rare chance to acquire a well-established, high-performing RV resort in a desirable Texas location.

    Property Features for 139 Pr 1537 Rd

    General Information

    Property type
    Marinas
    Lot Size
    3,267,000 SF

    Building Details

    Units
    47

    HighLights

    • High‑demand location with strong tenant base.
    • Significant upside potential through lease‑up or rent increases.
    • Well‑maintained building with modern amenities.
    • Attractive cap rate in a stable market.
    • Excellent access to major transportation arteries.
    Property Profile Location Intelligence

    Current Use by Public Records

    Marinas

    Map

    City
    Decatur
    County
    Wise
    State
    Texas
    Longitude
    -97.845644
    Latitude
    33.258474

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    FAQs

    What type of property is this?
    Marina - Texas Lakeside RV Park Investment
    Where is this marina located?
    The property is located at 139 Pr 1537 Rd Decatur, TX.
    What is the asking price?
    The asking price for this property is $5,900,000.
    What are key features of this property?
    This property features: High-demand location with strong tenant base.; Significant upside potential through lease-up or rent increases.; Well-maintained building with modern amenities.
    Request Owner's contact information
    139 Pr 1537 Rd Decatur, TX 76246
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    Decatur, TX 76246
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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
    139 Pr 1537 Rd Decatur, TX 76246
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