Current Use by Public Records
- Casey's Riverside RV Park / Campground & RV Park
Property Details for 46443 Westfir Rd
- Year built
- 1999
- Lot size
- 10.13 lot acres
- Property type
- Mobile home & RV parks
Description
Casey's Riverside RV Park, located at 46443 Westfir Rd, Westfir, OR 97492, presents a compelling investment opportunity. This established Class B mobile home park and RV resort boasts 79 total units, comprising 56 RV spaces and 21 long-term mobile home/RV spaces, plus two vacation rentals. Situated on 10.13 acres with 1,200 feet of picturesque river frontage near the Willamette National Forest, the park enjoys a highly desirable location. The property features full hookups for all RV spaces, two on-site laundry and shower facilities, a lodge, a seasonal pool, and direct river access. Additional amenities include pavilions with fire pits. Built in 1999 and renovated in 2002, the park is currently operating as a turnkey business with no deferred maintenance. Financial records show a strong NOI of $436,533, resulting in an attractive 8.25% cap rate. Annual property taxes are $15,943.91. There is an existing $1,900,000 deed of trust with Banner Bank. The park's below-market RV space rents offer significant potential for revenue growth. The property is zoned RR5. The APN is 0945590. This is an exceptional opportunity for investors seeking a high-performing asset in a stunning natural setting.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Westfir
- County
- Lane
- State
- Oregon
- Longitude
- -122.529
- Latitude
- 43.7572
