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Property profile & analytics
OFF-MARKET
Commercial real estate

2022 Us Highway 67 Rankin, TX 79755

87,120 SF 2 ac lot Built 2019
Property ID
Property summary
AI-generated overview

This exceptional turnkey RV park, Rancho Grande, presents a lucrative investment opportunity in the thriving Permian Basin region of Texas. Located at 2022 US Hwy 67, Rankin, TX, this property boasts a substantial 87,120 square feet on a 2-acre lot, offering convenient access to major highways (Hwy 67, 349, and 329). Built in 2019, the park features 45 oversized RV spots, each 30 feet wide and 45 feet long, providing ample space for RVs and additional vehicles. Each spot is equipped with both 35-amp and 50-amp electrical hookups. Resident convenience is ensured with an on-site laundry facility including three washers and three dryers. The park's strategic location benefits from the diverse economic activity of the Permian Basin, including wind exploration, solar fields, pipeline operations, and oil & gas exploration. The current on-site manager is willing to continue their employment, ensuring a smooth transition for the new owner. This is a remarkable opportunity to acquire a well-established and profitable business in a high-growth area. The asking price is $395,000. This turnkey operation offers immediate income potential and significant upside for a savvy investor.

Property profile
Verified
Property type Commercial real estate
Year built 2019
Total area 87,120 SF
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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