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Property profile

7369 Wheeler Rd Lockport, NY 14094

OFF-MARKET
Mobile home & RV parks
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Property summary

AI-generated overview

This exceptional 58+ acre RV park and campground, located in Lockport, NY (7369 Wheeler Rd, 14094), presents a significant investment opportunity. The property boasts 236 sites, including 122 seasonal RV sites averaging $2,850 per season, 88 transient RV sites with rates ranging from $63/day to $895/month, 20 tent sites averaging $46/day, and five cabin/cottage sites averaging $615/week or $125/day. Additionally, a single-family rental unit generates $450 per month. Current rates are below market value, offering substantial upside potential. Seasonal rates are $367 below market, monthly rates are $438 below market, and weekly rates are $45 below market. Implementing professional management and adjusting rates to market standards projects a total operating income of $510,360 by year three. This prime location, just 30 minutes from Niagara Falls, attracts over twelve million visitors annually, ensuring high demand and strong occupancy potential. The property's size and existing infrastructure provide a solid foundation for growth and increased profitability. This presents a unique chance to acquire a well-established campground with significant room for improvement and substantial return on investment.

Property profile

Verified
Property type Mobile home & RV parks

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

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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