Property profile

720 Mulberry St Odessa, TX 79766

OFF-MARKET
Mobile home & RV parks
2 ac lot Built 2011
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 34-site RV park in Odessa, Texas, currently boasting 94% occupancy. The property, built in 2011, sits on two acres and includes 34 park-owned RVs. The park generates a net operating income (NOI) of $173,044, with a pro-forma NOI projected at $187,670. Conveniently located near US Route 385, a major thoroughfare with over 17,000 vehicles daily, the park benefits from high visibility and accessibility. Amenities include laundry facilities, 24/7 security cameras, free Dish TV, and keyed mailboxes. The property operates on a private well water and septic system. Odessa's thriving job market, situated above the Permian Basin, offers a strong tenant base with an average household income within a 10-mile radius of $69,694 (2024 data). Midland International Airport is approximately 23 miles away. This is a value-add opportunity with potential for rental rate increases. The asking price is $300,000.

Property profile

Verified
Property type Mobile home & RV parks
Year built 2011
Lot 2 ac (87,120 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

720 Mulberry St Odessa, TX 79766
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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