720 Mulberry St Odessa, TX 79766
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.
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Roadrunner Trailer Park Campground & RV Park
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
Similar Nearby for Sale
Similar Nearby for Lease
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.