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27080893
27080894

101 Linda Kay Lane, Aransas Pass, TX 78336

LD
TX 693330
North Star Brokerage & Advisory
Listed by North Star Brokerage & Advisory
$1,100,000
251 days on market
Updated 87 days ago

Domain

Details
Property Type Hospitality, Mobile Home Park (+1)
Sub Type RV Park, Condo (+1)
Units 20
Cap Rate 7.21%
NOI $79,325
Pro-Forma Cap Rate 15.73%
Pro-Forma NOI $173,135
Class B
Buildings 7
Acreage 9.000
Zoning Commercial
Investment Type Value Add

30 RV Sites | 20 Fully Furnished Condo Units | RV Storage Space

Marketing description

Introducing Dome Motel & RV Park – Where RV Sites and livable Dome units offer multiple ways to stay in Aransas Pass, TX. Located right off TX-35, The property offers unique opportunities for a growing coastal workforce to stay whether it be for a couple nights or a couple months.

30 RV sites, 20 fully furnished condo units, and RV storage space make this a versatile property allowing for three different revenue sources.

Major rent increase upside is well within reach as all Dome units have been fully renovated with up-to-date amenities. Current ownership has had minimal focus on marketing the current units leaving opportunity for new ownership.

Looking for something else? Please submit your buyer criteria so that our team can better pair you with opportunities that meet your needs.

ACCESS TO DILIGENCE: To access the due diligence documents through Crexi, navigate to the Due Diligence tab on the property listing page. Click Execute CA, then accept to electronically sign the Confidentiality Agreement. Once completed, the diligence vault will automatically unlock, allowing you to view and download the documents.

HOW TO PARTICIPATE

● Inquiries should be made by contacting Landan Dory at Landan@NSTARBA.COM

● DO NOT show up to the property unannounced.

● DO NOT speak to staff, guests or owners without written consent from Broker.

● All offers must be submitted in a Letter of Intent format with proof of funds and/or letter from a lender.

● Please review all diligence materials prior to contacting an agent.

Bird Dogs: we encourage Bird Dogs to work on our listings; however, we asked that any Bird Dogs be sure that their buyer has reviewed the marketing materials prior to contacting an agent and scheduling a meeting. We get so many calls from Bird Dogs asking about creative financing structures. Everything a buyer needs to know about our listings and seller preferences can be found in the marketing materials or the deal room. Serious buyers are encouraged to schedule one-on-one meetings with the brokerage team. Please be sure to have proof of funds accessible by this meeting date.

Investment highlights

  • TOTAL SPACES: There are 20 rentable condo style dome units that are 340 SF and 30 RV Sites with full hookups. Also, there are 5 RV storage rentals starting at $45 a month. Lastly, there is a manager dome with 1,250 SF of space.

  • MANAGER LIVING SPACE: Separate livable dome with bed, bath, and kitchen for a full-time manager or additional rental space.

  • ADDITIONAL ROOM FOR EXPANSION: 2.2 acres of additional expansion land available which could be used for RV Storage, RV Sites, or more domes.

  • AMENITIES: The park has a "mini dome" where the public laundry facilities are located, as well as a dome that acts as a workshed for the onsite manager.

  • LOCATED IN A PATHWAY OF GROWTH: Located only 5.5 miles (9 min drive) away from Ingleside, TX. Ingleside is one of the fastest growing cities in Texas, growing at a rate of 3.13% annually (13.1% since the most recent census in 2020)

  • FULLY FURNISHED DOME UNITS: Each Dome has 4 units that are furnished with a king size bed, bathroom (3x4 shower), Kitchen (Stainless steel counters, microwave, and cooktop) and TV.

  • PRIME LOCATION FOR PROJECT-BASED WORKFORCE: Ideal location for workforce population located off TX-35 in-between Corpus Christi and Aransas Pass. From oil refineries to wind farms, and from infrastructure projects to truck drivers, Domain provides affordable places to stay.

Listing Contacts

LD
TX 693330
North Star Brokerage & Advisory
Listed by North Star Brokerage & Advisory

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,325.00
$6,610.42/mo

Valuation Metrics

0
DSCR
7.21%
Cap Rate
7.21%
ROI

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Additional Information

Name
Landan Dory
License
693330
Brokerage Phone
(512) 222-6826
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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