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Property profile & analytics
FOR SALE
Commercial real estate

16677 Us Highway 77 Springer, OK 73458

2,900 SF 7.91 ac lot Built 2018
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US69-1908405
Property summary
AI-generated overview

This exceptional 7.96-acre property in Springer, OK, presents a lucrative investment opportunity. The established Cool Breeze RV Park & Restaurant boasts 56 RV spaces with significant expansion potential, offering immediate income generation. The park features modern infrastructure, including a recently constructed keypad-operated bathhouse equipped with four showers and a tankless hot water heater. Residents enjoy excellent Wi-Fi access, a basketball court, a dog park, and ample picnic areas. The property also includes an on-site restaurant strategically located across from the local high school, making it the only restaurant in the immediate area. This unique positioning ensures a consistent customer base. The 3,600 square foot restaurant and RV park are conveniently situated just minutes from Interstate 35, midway between Oklahoma City and Dallas, providing easy access for travelers and residents alike. The property's history includes a drive-in movie cinema, and the existing movie equipment is available for purchase, offering a potential avenue for diversification and expansion. The property's established management ensures a smooth transition for the new owner, minimizing operational challenges and maximizing profitability. This turnkey operation is priced at $990,000 and offers a rare blend of established revenue streams and significant growth opportunities. The 8 acres provide ample space for future development and expansion of the existing amenities.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2018
Total area 2,900 SF
Lot 7.91 ac (344,560 SF)
APN 5090-12-03S-01E-1-005-00
UPID US69-1908405
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
AI Approach AI
$905k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$920k
Owner & transaction history
Prh LLC · 4 yrs held
Prh LLC
since 2021
Last sale
$899,000
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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