6029 Salmon Riv Hwy, Otis, OR 97368-9383
Exceptional investment opportunity awaits with this 41-unit RV park nestled on over 7 acres along the scenic Salmon River in Otis, Oregon. This established business boasts consistently high occupancy rates, averaging less than 1% vacancy over the past five years, ensuring a reliable income stream. The park features convenient on-site laundry facilities and restrooms for guest comfort. Located a short 15-minute drive north of Lincoln City, this prime location offers easy access to popular attractions and amenities. The property's strong financial performance is highlighted by a current capitalization rate of 7.34%, projected to increase to 7.95% in 2025. This translates to a significant return on investment for the discerning buyer. The asking price for this thriving RV park is $2,500,000. With its proven track record, desirable location, and projected growth, this represents a rare opportunity to acquire a well-established and profitable business in a sought-after Oregon coastal area. The property's 41 units provide ample capacity for a diverse clientele, ensuring continued success. This turnkey operation requires minimal operational overhead, making it an ideal investment for both seasoned and new investors seeking a stable and rewarding venture. The property's location near Lincoln City provides access to a large tourist base, further enhancing its potential for growth and profitability. This is a truly exceptional opportunity to own a piece of Oregon's beautiful coastline and enjoy the benefits of a high-performing investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
R-1,RC;RESIDENTIAL · Otis, OROtis. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.