205 Pacific Hwy Talent, OR 97540-9633
- Commercial real estate
- 1,313 SF
- 0.18 lot acres
Current Use by Public Records
- Medicap® Pharmacy / Pharmacy
- Wagner Creek Estate Mobile Home and RV Park Community / Rv Park
Property Details for 205 Pacific Hwy
- Lot size
- 0.18 lot acres
- Property size
- 1,313 SF
- Zone code
- C-2
- Property type
- Commercial real estate
- APN
- 1-0274791
- APU
- 10274791
Description
This exceptional investment opportunity presents a thriving 29-unit RV park situated on a 2.28-acre lot in Talent, Oregon, a prime Southern Oregon tourist destination and wine country. Conveniently located near I-5 and just 10 minutes from Ashland, this property boasts a strong NOI of $105,275, yielding a current cap rate of 5.28%. The park features 27 oversized RV spaces, designed to accommodate larger units, and two additional apartment rentals within a frame building, providing supplemental income. A coin-operated laundry adds further revenue streams. All units benefit from individual utility billing, and the park is serviced by public sewer and water. The property was rebuilt after the Almeda Fire, resulting in entirely new infrastructure. The current layout offers potential for expansion, with the possibility of adding up to five more RV spaces to further increase profitability and potentially raise the cap rate to 8.5%. The asking price is $1,995,000, with a price per unit of $66,500 and a land value of $875,000 per square foot. Detailed financial reports are available upon request. The property is zoned CBH and has an APN of 10276661. This is a rare opportunity to acquire a well-established and profitable RV park with significant upside potential.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $265,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $225,000
- 6.5%
- $210,000
- 7%
- $195,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $362,000
- AI Estimate
- $296,000
Market price range: $135k - $373kMarket price range: $92.5k - $302k
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Location Insight
- Map
- Local Demand
- City
- Talent
- County
- Jackson
- State
- Oregon
- Longitude
- -122.787
- Latitude
- 42.2469
- CBSA code
- 32780
- CBSA name
- MEDFORD, OR METROPOLITAN STATISTICAL AREA