Property profile

316 1st St Aberdeen, WA 98520

OFF-MARKET
Office buildings
Property ID
US90-1219088
1,736 SF 0.22 ac lot Built 1994
Individually Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

Exceptional investment opportunity: River Run RV Resort, a Class A, 81-space RV park in Cosmopolis, WA (Aberdeen mailing address, zip 98520). This meticulously maintained property boasts 57 RV sites completed in 2021 and a recent 24-site riverfront expansion finished in 2024. The resort features a modern, single-story building housing a one-bedroom apartment (currently rented at $2,500/month), an office, restroom/shower facilities, and laundry amenities. The property sits on 6.34 acres and benefits from new city water, sewer, and electrical services installed in 2021. A US Army Corps of Engineers-built levee ensures riverfront access along the Chehalis River. Turnkey operation is ensured by on-site management and reservation software, with an on-site caretaker receiving free rent and a $1,000/month stipend. The resort maintains a 10-year RV age requirement (2012 and newer) for stays exceeding 30 days. Its prime location offers easy access to Highway 101, Olympic National Park (50 miles), Ocean Shores and Westport (20 miles), and local attractions including a boat launch, golf course, and trailway. Financial highlights include an asking price of $5,950,000, a current NOI of $369,815 (6.22% cap rate), and a pro-forma NOI of $567,739 (9.54% pro-forma cap rate). Each of the 81 pads can accommodate 40-46' Class A luxury RVs, with ample spacing between units. The property's landscaping features black crushed rock and circular driveways. This is a rare opportunity to acquire a high-performing, well-managed RV resort in a desirable location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1994
Construction STEEL FRAME
Total area 1,736 SF
Lot 0.22 ac (9,757 SF)
APN 29300201000
UPID US90-1219088

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

316 1st St Aberdeen, WA 98520-5220
Aberdeen metro Census 1000 ABERDEEN, WA MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2016
3 recorded transactions
2016
$155,000
2013
$160,000
2011
Price N/A

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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