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Property profile & analytics
FOR SALE
Commercial real estate

505 E County Road 7300 Lubbock, TX 79404

2.5 ac lot
Property ID
US82-2102420
Property summary
AI-generated overview

This exceptional investment opportunity presents a thriving 36-unit RV park situated on a spacious 2.5-acre lot in Lubbock, Texas. The property boasts a robust infrastructure including two wells and two septic systems, ensuring reliable service for all units. Each of the 36 RV spaces is equipped with convenient hookups. Adding to the income stream are two houses and a single efficiency unit, providing diverse revenue streams. One house, located on the west side of the park, has recently undergone significant renovations, including new windows, paint, and plumbing, and is currently leased. A substantial commercial building enhances the property's value, featuring two offices equipped with a comprehensive security system and interior/exterior cameras, three washer/dryer combinations, updated restrooms, and an insulated storage area. Further adding to the property's versatility is a 1200-square-foot metal building situated on the east side of the property. The existing infrastructure and ample available space present significant potential for future expansion, allowing for increased revenue and further development. This turnkey operation offers a rare chance to acquire a well-established and profitable business with considerable growth opportunities in a desirable location. The asking price is $1,200,000.

Property profile
Verified
Property type Commercial real estate
Lot 2.5 ac (108,900 SF)
UPID US82-2102420
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
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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