703 Main St, Balmorhea, TX 79718
This exceptional 3.08-acre commercial property at 703 N Main St, Balmorhea, TX, presents a lucrative investment opportunity. The property boasts a centrally located RV park, just a short drive from the renowned Balmorhea State Park and Lake Balmorhea, offering easy access to popular recreational activities including scuba diving, swimming, snorkeling, hiking, and ATV riding. The park features 32 RV hookups equipped with 30, 50, and 20-amp electrical service, water, sewer, and Wi-Fi. Adding to its versatility, the property includes a 1,216 square foot manufactured home with four bedrooms and four bathrooms, ideal for accommodating workers from nearby oilfields in Verhalen or Pecos. The property's strategic location and diverse amenities make it an attractive investment for those seeking a thriving business in a desirable recreational area. The 1216 sqft manufactured home offers additional income potential or comfortable on-site management. This turnkey operation is ready for a new owner to capitalize on the existing infrastructure and high demand for recreational lodging in this unique Texas location. The property's size and amenities provide ample room for expansion and further development. This is a rare opportunity to acquire a well-established business with significant growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.