This exceptional Class A RV park, Shady Lane, presents a lucrative investment opportunity in Homedale, Idaho. Built in 2023, this 63-unit property boasts a substantial 4.248-acre lot offering stunning Snake River views. The park features full hookups for water, sewer, power, propane, and complimentary WiFi. Amenities include a fitness center, pickleball courts, all-weather cornhole, and a gazebo. Adding to its appeal, a portion of the property is currently leased to a gym, accessible to RV park residents. The property's NOI is $432,771, resulting in a pro-forma cap rate of 8.32%. The asking price is $5,200,000, translating to approximately $85,246 per unit. The property's location offers convenient access to local wineries. Significant upside potential exists due to the owner's limited marketing efforts to date, allowing a new owner to significantly increase revenue. A variety of owner-carry financing options are available. The total square footage ranges from 5,407 to 10,814 square feet. Located at 7 N 4th St E, Homedale, ID 83628, this property offers a unique blend of established income and growth potential in a desirable location. This is a turnkey operation ready for a new owner to step in and capitalize on its potential.
Highlights
63-unit Class A RV park on the Snake River in Homedale, ID.
Amenities include a fitness center, pickleball courts, and a gazebo.
Conveniently located near local wineries.
On-site gym leased to a third party, accessible to RV park residents.
Significant upside potential due to limited prior marketing efforts.
Full hookups (water, sewer, power, propane, and WiFi).
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Contacts
John Stevens
Sean Edwards
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7 4Th St, Homedale, Idaho, 83628
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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7 4Th St
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