3902 8Th St Odessa, TX 79763
- Mobile home & RV parks
- 0.70 lot acres
Current Use by Public Records
- Texas Four RV Park / Rv Park / Campground
Property Details for 3902 8Th St
- Year built
- 2022
- Lot size
- 0.70 lot acres
- Property type
- Mobile home & RV parks
Description
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.
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
- Odessa
- County
- Ector
- State
- Texas
- Longitude
- -102.414
- Latitude
- 31.8353
