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30047783
30047800

3257 Colechester Rd, Virginia Beach, VA 23456

AW
SC 120614
Aline Capital
JD
SC 108545, GA 401832
Aline Capital
Aline Capital LLC
SP
SC 129267
Aline Capital
Listed by Aline Capital, Aline Capital LLC
$4,800,000
100 days on market
Updated 8 days ago

North Bay Shore Campground

Details
APN 24221910670000
Property Type Multifamily
Sub Type RV Park
Units 120
Cap Rate 7.09%
NOI $340,228
Pro-Forma Cap Rate 10.07%
Pro-Forma NOI $483,425
Broker Co-Op No
Class B
Acreage 50.890
Zoning AG1
Investment Type Value Add
Occupancy Date 03/03/2026

North Bay Shore Campground | VA Beach | $40,000/unit

Investment highlights

  • Site Breakdown

    • 84 total RV sites (10 Full Hookup), 6 cabins, 11 tent sites, and 19 boat docks plus ramp dock, which allows the operator to capture transient, seasonal, and short-term lodging demand across multiple guest profiles.

  • Entitled Expansion Upside

    • 100 additional RV sites entitled, providing a clear and immediate path for future growth without the typical entitlement risk associated with waterfront campground development.

  • Waterfront & Marina Component

    • 19 boat docks on site, with a boat launch, enhancing revenue diversification and strengthening appeal to recreational and boating-oriented users in a high-barrier waterfront market.

  • Utility Infrastructure

    • Well Water with water softener system, sep- tic sewer system installed in 2004, and electric served by 5 meters with costs allocated at the campground level, supporting operational efficiency and long-term reliability.

  • Attractive Amenity Package

    • Pool, game room, common grounds, bath- house, and on-site office create a complete guest experience and support premium pric- ing for both RV and cabin accommodations.


Listing Contacts

AW
SC 120614
Aline Capital
JD
SC 108545, GA 401832
Aline Capital
Aline Capital LLC
SP
SC 129267
Aline Capital
Listed by Aline Capital, Aline Capital LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$340,228.00
$28,352.33/mo

Valuation Metrics

0
DSCR
7.09%
Cap Rate
7.09%
ROI

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Additional Information

Name
Brian Brockman
License
225245999
Brokerage
Bang Realty, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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