17220 Us-62 Morris, OK 74445
This exceptional 99.5-acre property in Okmulgee County, Oklahoma, presents a lucrative investment opportunity. The established Morris RV Park boasts 29 RV spaces with potential for expansion, generating a substantial net operating income (NOI) of $135,000. The park features modern utilities installed less than five years ago, including power and water hookups at each site, accommodating various RV types. Beyond the RV park, the property includes a two-bedroom, one-bathroom rental home with new central heating and air, a spacious 40x40 shop, a laundry room, dog park, picnic area, horse arena, and a five-stall horse barn. A three-bay storage unit is also included, capable of housing Class A motor coaches. An interactive website further enhances the park's operational efficiency. The property benefits from 10 acres of highway frontage on US-62, ensuring high visibility and convenient access. The expansive acreage offers significant potential for future development, including additional RV sites, residential units, or storage facilities. The property is served by East Central Electric and Rural Water District #4, with three septic tanks and a lagoon providing efficient waste management. The property is zoned AG and is offered as a 1031 exchange opportunity. The asking price is $2,300,000, representing a land value of $12,500 per acre. Recent water infrastructure improvements in the area include a new 250,000-gallon elevated water tank, a new duplex pump station, and extensive waterline upgrades.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.