Current Use by Public Records
- Ariel RV Park / Campground & RV Park
Property Details for 1351 Route H
- Lot size
- 30.00 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
This exceptional investment opportunity presents a 55-site RV park situated on 30 acres in Noel, Missouri, conveniently located off I-49 near the Elk River. The property currently boasts a 4.5-acre developed area, priced to yield an 8.00% cap rate, with an additional approximately 25 acres of undeveloped land included in the sale, offering significant expansion potential. The park features modern amenities including a laundry facility, tornado shelter, storage units, a bathhouse, and Wi-Fi access. Infrastructure includes 30 and 50 amp sites and freeze-protected waterlines. Currently operating at below-market rates ($400-$500), the park generates $316,800 in gross revenue at 80% occupancy. Raising rates to market levels ($600) will substantially increase revenue. A large barn at the park entrance presents a renovation opportunity for additional storage or other revenue-generating uses. The asking price for this value-add investment is $2,500,000, with a current Net Operating Income (NOI) of $141,958. The substantial land area allows for a doubling of park size and revenue, making this a compelling opportunity for significant returns. The property is located at 1351 Route H, Noel, MO 64854.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Noel
- County
- Mcdonald
- State
- Missouri
- Longitude
- -94.4014
- Latitude
- 36.5797
