14256 County Road 1554 Ada, OK 74820
- Mobile home & RV parks
- 1,263,240 SF
- 29.06 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 14256 County Road 1554
- Lot size
- 29.06 lot acres
- Property size
- 1,263,240 SF
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
This exceptional portfolio comprises two established RV parks in Ada, Oklahoma, totaling 29.06 acres. The properties boast 98 RV pads (56 concrete, 30/50 amp hookups), 19 cabins, and two 1,500 sq ft single-family homes. Twin Lakes RV Park includes 42 full-service RV pads, 7 overflow spaces, and an additional 10-unit storage building. Scissortail RV Park offers 56 concrete RV pads and two overflow spaces (requiring minor improvements). Both parks feature laundry and shower facilities. Currently operating at 85% occupancy, the portfolio generates a substantial NOI of $360,000, with a projected NOI of $425,000. The asking price is $3,700,000, representing a current cap rate of 9.73% and a pro-forma cap rate of 11.49%. The property includes 26 buildings and significant expansion potential on the 15 acres of undeveloped land. The portfolio offers a compelling investment opportunity in a thriving market, with strong rental income streams from RV pads, cabins, and single-family homes. Seller financing and assumption are not available. Renovations were completed in 2024. The property is classified as Class B, with a total of 138 units and 107 pads. The price per pad is $34,579.44, and the price per square foot is $2.93. The total square footage is 1,263,240. The property is privately owned and has 95 tenants. The occupancy date is projected for November 11, 2024.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ada
- County
- Pontotoc
- State
- Oklahoma
- Longitude
- -96.703063193029
- Latitude
- 34.76110875533
