www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
23836146
23836147

905 Pelican Rd, Shepherd, TX 77371

CR
TX TX 398667
CSD Realty Company
CR
TX 688975
CSD Realty Company
Listed by CSD Realty Company
$1,250,000
365 days on market
Updated 79 days ago

Deep Waters RV Park

Details
Property Type Land, Multifamily
Sub Type RV Park
Units 28
Cap Rate 7.65%
NOI $95,630
Occupancy 100%
Pro-Forma Cap Rate 13.1%
Pro-Forma NOI $163,806
Broker Co-Op No
Class A
Year Built 2022
Year Renovated 2023
Buildings 2
Stories 1
Acreage 20.000
Zoning N/A
Investment Type Value Add
Occupancy Date 06/04/2025
Ownership 100%

RV Park | 28 Pad Sites | 20 Acres | Seller Financing

Marketing description

Deep Waters RV Park is a 28-site RV Park investment opportunity on 20 acres in Shepherd, Texas. This scenic RV resort is recently stabilized and ready to be expanded by a new owner. Guests of the park enjoy the strategic location which balances privacy and close proximity to the Greater Houston area, and attractions like Lake Livingston, Lake Conroe and Huntsville State Park. Additionally, guests are attracted by amenities such as 30/50 amp power, onsite dog-run, onsite laundry, excellent park-wide Wifi and two fully stocked fishing ponds with scenic fountains. Though the park is fully occupied, the website and google business page are fully interactive and use Camp Spot booking software for quick and easy booking from new guests. With an average of 4.8 stars over 23 reviews, Deep Waters RV Park is a standout option for potential guests in the area.

While the existing revenue is strong, there is significant upside potential for the purchaser of Deep Waters RV Park. First and foremost, there is lots of room for additional pad sites. Currently, the existing septic system and well can support another 14 pad sites that can be located along the primary water feature. More sites can also be added around the second water feature with the installation of additional septic and water-well capacity. Another option for the expansion room are cabins that can be rented nightly, weekly or monthly. Finally, a new owner can construct canopies over existing pad sites to justify higher rates as sites become vacant and are re-rented.

Seller Financing Offered to a Qualified Buyer with 50%+ Down Payment & Seller as 1st Lienholder*

Investment highlights

  • 100% Occupied

  • Significant room for expansion

  • Less than a mile from U.S. Highway 59

  • Fenced and gated with unique passcodes for each guest

  • Lower rates than nearby RV Parks

  • Park-wide fiber optic internet

  • Two scenic, fully stocked fishing ponds

  • Close proximity to Lake Livingston, Lake Conroe and the Greater Houston area

Listing Contacts

CR
TX TX 398667
CSD Realty Company
CR
TX 688975
CSD Realty Company
Listed by CSD Realty Company

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,630.00
$7,969.17/mo

Valuation Metrics

0
DSCR
7.65%
Cap Rate
7.65%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Craig Rice
License
TX 398667
Brokerage
CSD Realty Company
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591