347203 U.S. Rte 66, Chandler, OK 74834

Oak Glen RV & Mobile Home Park is a 115-site RV and manufactured housing community situated on approximately 40.8 acres along Historic Route 66 in Chandler, Oklahoma — strategically positioned between Oklahoma City and Tulsa.

The property offers immediate cash flow with clear operational upside and long-term growth potential driven by regional expansion — including the newly announced Harrah’s Casino development scheduled to open in 2026, expected to generate job creation, visitor traffic, and workforce housing demand in the immediate area.

*NO CREATIVE OR SELLER FINANCING OFFERS WILL BE CONSIDERED*

In-Place Performance

Owner-provided financials reflect consistent revenue performance, with total monthly income ranging from approximately $26,500 to $36,500 in recent operating months. The property generates approximately $383,000+ in annual gross revenue, with trailing 12 month in-place NOI estimated at $249,518, representing an approximate 7% Cap Rate at the offering price.

Revenue is derived from a diversified mix of:

• Long-term & Short Term RV pad rentals

• Manufactured home lot rentals

• Clubhouse Apartment for Manager Housing

• Ancillary income including laundry and related services

This diversified structure provides both stability and operational flexibility.

Value-Add Opportunity

Oak Glen presents a compelling opportunity for an active operator to enhance performance through:

• Increasing occupancy across vacant pads

• Rent optimization across RV and MH sites

• Structured transient pricing strategies

• Expense normalization and operational efficiencies

• Plenty of room for expansion or additional site development on excess acreage

Stabilized NOI projections in the $340,000–$370,000 range are achievable through disciplined operational execution, supporting a forward yield exceeding 10.43%+ at stabilization without aggressive underwriting assumptions.

Growth Catalyst: Harrah’s Casino (Open April 2026)

The forthcoming Harrah’s Casino development represents a meaningful economic driver for the region. The project is expected to:

• Create permanent employment opportunities

• Increase regional tourism traffic

• Expand contractor and workforce housing demand

• Strengthen surrounding commercial activity

Properties positioned along the Highway 66 corridor stand to benefit directly from this growth.