Property profile

3902 8Th St Odessa, TX 79763

OFF-MARKET
Mobile home & RV parks
0.7 ac lot Built 2022
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Property summary

AI-generated overview

This exceptional 17-space RV park in Odessa, Texas presents a compelling investment opportunity. Built in 2022, the property boasts a 95% occupancy rate, generating a pro-forma NOI of $48,000 and a 14.77% pro-forma cap rate. Situated on a 0.7-acre lot at 3902 W 8th St, Odessa, TX 79763, this Class B property offers convenient access to Interstate 20 and Loop 338, placing it within minutes of major shopping centers, including a nearby Walmart. Each of the 17 spaces includes 30 and 50 amp service, water, sewer connections, and cable/internet infrastructure. The park utilizes city water and is located in Ector County. A 40x24 shop building offers significant potential for expansion, such as a laundromat, to further enhance revenue streams. The property is 100% owned and currently operating at near full capacity, demonstrating strong market demand. This turnkey operation presents a rare chance to acquire a high-performing asset with significant upside potential. The asking price is $325,000.

Property profile

Verified
Property type Mobile home & RV parks
Year built 2022
Lot 0.7 ac (30,492 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Campground & RV Park

Location

3902 8Th St Odessa, TX 79763
Odessa metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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