Property summary
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
VerifiedCap rate & NOI
Current use
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Campground & RV Park
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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