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Property profile & analytics
OFF-MARKET
Mobile home & RV parks

19230 Morris Ave Manvel, TX 77578

1,566,026 SF 35.95 ac lot Built 2007
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully operational 52-lot RV resort situated on 35.951 acres in Manvel, Texas. Built in 2007 and renovated in 2023, the resort boasts a 91% occupancy rate (as of September 2024) with each lot currently leased at a competitive $550 per month. The property encompasses a substantial 1,566,026 square feet and enjoys excellent visibility and accessibility due to its prime location along Highway 6. The resort offers multiple revenue streams including RV lot rentals, water resort amenities (swimming, scuba diving, and swim classes), and equipment rentals. Furthermore, the property has the potential to expand by adding up to 36 more RV lots, significantly increasing revenue. Over $200,000 in furniture, fixtures, and equipment are included in the sale price of $6,900,000. This turnkey operation presents a rare opportunity to acquire a well-established and profitable business in a high-growth area. The resort's strong performance and expansion potential make it an attractive investment for discerning buyers seeking a stable and lucrative return. The address is 19230 Morris Ave, Manvel, TX 77578.

Property profile
Verified
Property type Mobile home & RV parks
Year built 2007
Total area 1,566,026 SF
Lot 35.95 ac (1,566,026 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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