375 Garner- Adell Rd Weatherford, TX 76088
- Mobile home & RV parks
- 6.69 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 375 Garner- Adell Rd
- Lot size
- 6.69 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
Exceptional value-add opportunity awaits with this 80-space RV park situated on 6.69 acres in Weatherford, Texas, just west of Fort Worth. Currently operating at 15% occupancy, this property presents significant upside potential through strategic improvements and marketing initiatives. The asking price is $880,000, with a pro-forma NOI of $129,574 and a pro-forma cap rate of 14.72%. The park boasts a serene creek-front setting, offering residents a tranquil escape. Existing infrastructure includes a clubhouse with an apartment/office and bathroom facilities, currently underutilized. Upgrades could include renovating the clubhouse, adding amenities like laundry facilities and high-speed Wi-Fi, and implementing a targeted marketing plan to increase occupancy. The seller is offering attractive financing terms. This property benefits from its location in a rapidly growing market, presenting an ideal investment opportunity for those seeking immediate occupancy improvement and long-term revenue growth. The park's strategic position between Weatherford and Mineral Wells provides access to two thriving communities. The existing 80 RV pads offer ample space for expansion and improvement. This is a rare chance to acquire a well-established RV park with substantial upside potential in a desirable location.
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
- Weatherford
- County
- Parker
- State
- Texas
- Longitude
- -97.9838
- Latitude
- 32.8388
