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29345504
29345524

8664 Yawberg Rd, Whitehouse, OH 43571

EW
PA, FL FL BK3055134
Sunstone Real Estate Advisors
Listed by Sunstone Real Estate Advisors
$2,100,000
156 days on market
Updated 37 days ago

Casual Country Campground

Details
Property Type Multifamily
Sub Type RV Park
Units 170
Acreage 20.250

170 Sites in the Toledo MSA

Marketing description

Listing broker Real Estate II, Inc. is pleased to offer for sale Casual Country Campground, a 170-site seasonal RV and manufactured housing community located in Whitehouse, Ohio, within the greater Toledo metropolitan area. The community is primarily comprised of seasonal RV sites, complemented by a small manufactured housing component and a single-family rental home, creating a diversified but RV-forward income profile. The asset benefits from a large, contiguous site count that supports operational scale and makes it a meaningful foothold in a supply-constrained segment of affordable recreational and extended-stay housing.

In-place rents are supported by demonstrated market demand for seasonal RV product in the area, with competitive rent comps providing clear benchmarks for positioning. The site mix allows for income stability through recurring seasonal agreements while maintaining flexibility to refine pricing and policies over time. Importantly, the underwriting reflects that the community pays all utilities, which is a material operational consideration and a key driver of the value-add story through expense management and policy modernization.

Based on the attached underwriting, the property is underwritten at approximately $417,000 in total revenue and NOI of roughly $214,000, reflecting a strong income profile for a scaled seasonal asset in northwest Ohio. Casual Country Campground offers investors an opportunity to acquire a sizeable community with established operations and multiple levers to improve margins over time, particularly through disciplined expense controls and rent optimization supported by local comparables.

Investment highlights

  • 170-site seasonal RV and MH community located in Whitehouse, OH, within the Toledo MSA

  • Seasonal RV rents averaging $2,250 per site, outperforming nearby comparable communities averaging $1,769

  • Predominantly RV-based income stream with limited exposure to home turnover or infill risk

  • Stabilized operations generating approximately $214,000 in NOI on $417,000 in total revenue

  • Expense ratio stabilizing below 50%, supported by scale efficiencies and utility reimbursements

  • Site count provides operational scale and defensibility relative to smaller competing campgrounds

Listing Contacts

EW
PA, FL FL BK3055134
Sunstone Real Estate Advisors
Listed by Sunstone Real Estate Advisors

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