Property profile

13947 Reel Ln Madill, OK 73446

OFF-MARKET
Specialty properties
2,000 SF 323.33 ac lot
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Property summary

AI-generated overview

Bridgeview Marina and Resort, a thriving mixed-use property located in Madill, Oklahoma, on the shores of Lake Texoma, presents a unique investment opportunity. This 323.33-acre property boasts a 95% occupancy rate and includes 149 units, comprising a marina with 33 existing slips (with approved expansion rights for an additional 84 slips, totaling 117), 116 RV spots, and a 40-unit storage facility currently operating at 100% occupancy. The resort features a casual dining restaurant with indoor and outdoor seating overlooking the lake, a convenience store offering a full range of retail items, boat ramps, a gas dock, and covered slips. Amenities for guests include cabins, numerous campsites, a gazebo, a playground, and public facilities with showers. The property's prime location offers stunning sunrise and sunset views, attracting both boaters and RV enthusiasts. The existing infrastructure, combined with the approved expansion plans, presents significant potential for increased revenue and return on investment. The asking price for this value-add Class B property is $6,800,000. The property's 2,000 square feet of existing building space complements the expansive acreage and diverse offerings. The significant land holdings also allow for future expansion of both the RV park and marina facilities. This turnkey operation is ready for a new owner to capitalize on its established success and considerable growth potential.

Property profile

Verified
Property type Specialty properties
Total area 2,000 SF
Lot 323.33 ac (14,084,255 SF)

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
  • Marina Convenience Store

Location

13947 Reel Ln Madill, OK 73446
Madill metro
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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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