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24659140
24659148

265 Kinnikinnick Ln, Columbia Falls, MT 59912

JB
WA 98291, ID 8671058
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle
$5,000,000
413 days on market
Updated 49 days ago

Whispering Pines RV Park

Details
Property Type Multifamily
Sub Type RV Park
Units 69
Cap Rate 8.85%
NOI $442,676
Occupancy 100%
Pro-Forma Cap Rate 10.18%
Pro-Forma NOI $509,047
Broker Co-Op Yes
Class B
Year Built 2020
Acreage 13.100
Investment Type Stabilized

Multifamily | 5.14% CAP

Marketing description

Marcus & Millichap is pleased to exclusively offer for sale Whispering Pines RV Park. Located in Columbia Falls, Flathead County Montana. Whispering Pines RV Park is a locally owned, family-operated park that offers year-round site rentals. Whispering Pines sprawls 13 acres of secluded forest valley providing guests with a perfect patch of privacy. Even in its beautiful, secluded location, it is only 5 minutes east of Whitefish and 5 minutes west of Columbia Falls making it a prime location just minutes away from every adventure you can take advantage of in the treasure state. You can play 18 holes of golf at Meadow Lake Resort or Whitefish Lake Golf Course, or you can enjoy the scenery of Glacier National Park, which is only 22 miles from your campsite. You can play in Whitefish Lake, drive through Kalispell, only 30 minutes away, or take in the 200 square miles of beautiful Flathead Lake. Or you can relax in your secluded campsite and take in the breathtaking Montana skies and mountain views.

Whispering Pines offers guests both full and partial hookup RV sites that can accommodate both back in campers and bigger pull through style sites for your bigger RVs. Sites are also equipped with both 30 & 50 amp options, with either valley views or the serene wooded atmosphere. Whispering Pines offers guests amenities such as complimentary private bathrooms and showers that have been renovated, improved laundry facilities, and an office that also offers convenience items for guests such as toiletries, souvenirs, snacks & beverages. Other amenities include picnic tables at every site, community gathering site, kids play area, two dog runs, dump station, and close proximity to every local attraction you can think of.

Whispering Pines has experienced a 43% increase in revenue over the last few years as the owners have focused on improving the quality of the park replacing all the common area facilities, upgrading the camping experience with newer park amenities, and getting the park on stage 2 sewer. The owners have also widened the entrance road off Hwy. 40 making it easier to enter the park and keep the grounds well groomed and the facilities in immaculate condition. All these improvements and more make Whispering Pines one of the most desirable RV or camping spots within 20 miles of the Glacier National Park. The National Park Service has reported year over year increases in recreation visits with 2024 being a record year for visitors to the national park. This alone puts Whispering Pines in a position to see increased revenues for years to come. Columbia Falls is also experiencing a shortage of available affordable housing leading families of all sizes in the area to turn to RV Living. With the ability to stay open year-round to accommodate those guests as well as the seasonal national park guests this makes Whispering Pines an amazing opportunity for any investor. due to the sparse housing makes this an incredible opportunity for any investor. This would work well not only for experienced RV park owners, but for a new owner in this space looking for stability of income with longer term rentals. Whispering Pines can also be purchased together with Mountain Meadows and Cabins for the investor that wants the ability to grow a portfolio in the area.

Investment highlights

Full Service Sites

30/50 Amp Sites

Close to all local attractions and amenities

Listing Contacts

JB
WA 98291, ID 8671058
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$442,676.00
$36,889.67/mo

Valuation Metrics

0
DSCR
8.85%
Cap Rate
8.85%
ROI

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Additional Information

Name
Adam Lewis
License
ER100091205
Brokerage
Marcus & Millichap
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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