

Casual Country Campground
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
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