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140 OLD AGNES RD Weatherford TX 76088-8506

[Locked] • APN 16291.001.028.00

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Details
Property Type Industrial, Land (+2)
Sub Type Commercial
Lot SqFt 87,552
Acreage ******
Sold Date ******
Sold Price ******
Sold Price per Acre ******
Opportunity Zone No
Lease Rate ******
Lease Term ******
Lease Expiration ******
Mortgage Amount ******
Interest Rate ******
Mortgage Recording Date ******
Lender Name ******
Sold Price/SqFt ******

Property History

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Property Type
Property Type
Land, Mixed Use, Mobile Home Park, Multifamily
Property Subtype
Commercial, Residential
Asking Details
Asking Cap Rate
******
Marketing Description

Best and Final offer due February 6 12:00 PM

Turn-key RV Park Investment Opportunity in Parker County
Offered at $350,000, this 4.08-acre property provides stable income with room for strategic growth. The site currently operates as a 12-pad RV park, with tenants paying $500/month plus electric on month-to-month pad agreements, allowing simple management and the flexibility to adjust rental rates.

The property is serviced by a private water well and on-site septic system, maintaining low operating expenses and supporting strong cash flow. At approximately 50% current occupancy, the park generates an actual NOI of ~$24,480, with a pro-forma NOI of ~$39,600 at full occupancy, representing an attractive 7.0% actual cap rate and 11.3% pro-forma cap rate.

Zoning & Use Disclosure:
The City of Weatherford and Parker County have grandfathered the existing 12 RV pads for continued use. Due to zoning amendments adopted on December 26, 2023, new RV development or expansion requires a minimum of 5 acres and must meet updated spacing, infrastructure, and development standards. As a result, expansion of RV pads on this property is not permitted under the current regulations.

However, the remaining acreage may allow the addition of approximately 4–6 mobile homes, subject to utility capacity and site feasibility. This direction aligns with allowable density under current land use guidelines and presents a value-add development pathway for the next owner.
Buyer to verify with Parker County Development Services and hire a licensed site evaluator or civil engineer for confirmation.

Located just outside Weatherford city limits with convenient access to highways and nearby amenities, this property is positioned for long-term stability, owner-operator use, or mobile home park expansion for increased revenue.

Investment Highlights
  1. 4.08-acre income-producing property

  2. 12 grandfathered RV pads (cannot expand RV count under new regulations)

  3. Tenants pay $500/month + electric (month-to-month agreements)

  4. NOI (Actual): ~$24,480

  5. Pro-Forma NOI: ~$39,600 at full occupancy

  6. Cap Rate: 7.0% Actual | 11.3% Pro-Forma

  7. Private well & on-site septic (low operating expenses)

  8. Potential to add 4–6 mobile homes (Buyer to verify feasibility)

  9. Located just outside Weatherford – easy access to town and services

  10. Stable entry-point asset with development upside

Property Type
Property Type
Industrial, Mixed Use, Land, Mobile Home Park
Property Subtype
Commercial
Marketing Description

This 4.08-acre property in Parker County presents a solid investment opportunity just outside the city limits. Currently operating as an RV park, the site includes 12 active RV spots, with tenants paying $350 per month plus electric, providing consistent monthly income. The property is equipped with a private water well and on-site sewer system, offering essential infrastructure for continued use. The RV park is grandfathered in under previous regulations and cannot be expanded beyond the current setup. However, the remaining acreage may allow for other commercial uses, subject to local guidelines. Located with convenient access to nearby highways and amenities, this property offers strong functionality and long-term potential. Whether you plan to maintain the existing operation or introduce a new commercial use, this tract is positioned for continued success.

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Listing removed on
 BY:
ZG
Zachary Graham
•••.•••.4735
•••••••••aham@••.com
Brokerage logo
Sold on
 BY:
CM
Celia Montano
•••.•••.2323
•elia@••••••••••••••••.com
Montano Real Estate

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