14102 County Rd 431 Tyler, TX 75706-3317
- Retail space
- 3,900 SF
- 4.56 lot acres
Current Use by Public Records
- Texas Rose RV Park / Rv Park / Campground
- J&S Construction / Construction Company
Property Details for 14102 County Rd 431
- Year built
- 1955
- Lot size
- 4.56 lot acres
- Property size
- 3,900 SF
- Property type
- Retail space
- APN
- 1-00000-0504-00-018030
- APU
- 100000050400018030
Description
This Class A, 46-unit RV park in Tyler, Texas, presents a compelling value-add investment opportunity. Situated on 10.55 acres along Interstate 20, the property boasts a 3,500 sq ft main building and offers 30/50 amp full hookups at all sites, including padded and gravel sites, pull-thrus, showers, restrooms, and a laundry facility. Currently operating at 70% occupancy (as of May 31, 2023), the park generates a NOI of $164,242, with a pro-forma NOI of $264,115 and a pro-forma cap rate of 8.52%. Built in 1955 and renovated in 2018, the park accommodates RVs up to 70 feet. The asking price is $3,100,000, representing a price per unit of $67,391.30. The property's prime location near Lindale and Tyler, coupled with its significant acreage, provides ample room for future expansion and increased revenue generation. Owner financing is available. This is an exceptional chance to acquire a well-established RV park with significant upside potential in a rapidly growing tourism market. The current cap rate is 5.30%.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $310,000
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Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.3686
- Latitude
- 32.4703
- CBSA code
- 46340
- CBSA name
- TYLER, TX METROPOLITAN STATISTICAL AREA
