Current Use by Public Records
- Mobile home & RV parks
Property Details for 1029 Fm 2094
- Year built
- 2018
- Lot size
- 5.64 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Hospitality properties
Description
Exceptional investment opportunity: This Class A, stabilized RV park in Kemah, TX boasts 105 units (95 RV sites, 10 cabins, 4 suites) on 5.641 acres. Built in 2018, the property features a 90% occupancy rate, generating a pro-forma NOI of $525,250 and a 9.56% cap rate. Amenities include spacious RV sites with 20/30/50-amp hookups, 15 overflow parking spaces, a clubhouse, laundry facility, on-site store, storage shed, and a golf cart. Additional features include a swimming pool, a dog park, a 54' x 6' fishing pier on Jaroe Bayou, and state-of-the-art fiber optics Wi-Fi and surveillance cameras. The property is conveniently located within walking distance of restaurants and minutes from the Kemah Boardwalk. All amenities and furnishings convey. This turnkey operation offers significant upside potential with its high occupancy and desirable location. The asking price is $5,495,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kemah
- County
- Galveston
- State
- Texas
- Longitude
- -95.0335
- Latitude
- 29.5405
