455 Davis Loop Vidor, TX 77662
- Mobile home & RV parks
- 1.93 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 455 Davis Loop
- Lot size
- 1.93 lot acres
- Property type
- Mobile home & RV parks
Description
This 17-unit mobile home park in Vidor, Texas, presents a compelling investment opportunity. Located on a 1.93-acre lot at 455 W Davis Loop (APN 000003031501), the property boasts a strong Class C rating and a substantial net operating income (NOI) of $149,424, yielding a 10.49% cap rate. The asking price is $1,425,000, translating to $83,823.53 per pad. Completely renovated in 2020, the park features individually metered electric units, new water and sewer lines, and all city utilities. High demand and low vacancy rates are consistent, with units often filled within hours of becoming available. The park's success is further bolstered by several corporate tenants and the anticipated influx of 4,500 jobs from a new Chevron-Phillips facility under construction. This park-owned model thrives in this market, unlike tenant-owned parks which often struggle with vacancies. The property's low-maintenance nature and high corporate demand make it an attractive investment. The 17 buildings, each one story, are situated on 17 pads, all permitted for mobile home use under the current zoning.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Vidor
- County
- Orange
- State
- Texas
- Longitude
- -94.0215
- Latitude
- 30.1301
