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31546208
31546222

9610 W County Rd 154, Midland, TX 79706 For Sale

BS
TX TX 592140
The Sales Team Realtors
Listed by The Sales Team Realtors
$1,800,000
105 days on market
Updated 40 days ago

K&M RV Park

Details
Property Type Business for Sale, Mobile Home Park
Sub Type Business and Building
Units 42
Cap Rate 12.33%
NOI $221,997
Tenancy Multi
Lease Type Gross
Rent Bumps No
Class C
Year Built 2015
Lot Size (SqFt) 40,400
Zoning N/A
Investment Type Stabilized
Tenant Credit No Credit Rating
Ground Lease No

High-Demand RV Park with Consistent Occupancy

Marketing description

K&M RV Park is a 42-site income-producing RV park situated on approximately 4.04 acres in Midland County, Texas. The property serves the Permian Basin workforce market and offers strong in-place cash flow with multiple opportunities for future income growth.

The park is improved with private water, septic, and electrical infrastructure and is currently operating with strong historical occupancy. Twenty-four sites are individually metered for electricity; however, all utility costs are currently paid by ownership under a gross lease structure. This creates a compelling opportunity for a future owner to implement utility reimbursement programs and enhance operating income.

Additional value-add opportunities may include the addition of approximately 3-5 RV sites, storage rental income, laundry income, and other operational efficiencies. The current ownership has focused on maintaining a simple, all-inclusive rental model, leaving several avenues for future revenue growth.

Financial information is available upon request, with additional reporting currently being organized and updated.

Investment highlights

• 42 Existing RV Sites – Established operating RV park with infrastructure already in place and immediate income potential

• Strong In-Place Cash Flow – Stabilized operation serving Midland and Permian Basin workforce housing demand

• Utility Recovery Opportunity – 24 sites are individually metered, yet all electricity is currently paid by ownership under gross lease arrangements, creating potential NOI growth through utility reimbursement

• Multiple Value-Add Strategies – Opportunity to improve returns through utility recovery, additional RV sites, laundry income, storage rentals, and operational efficiencies

• Expansion Potential – Site configuration may accommodate approximately 3–5 additional RV spaces, subject to buyer verification and any required approvals

• Modern Infrastructure – Developed in 2015 with private water system, septic, and electrical service already in place

• 4.04 Acres – Well-configured site with room for efficient operations and future improvements

• Permian Basin Workforce Housing – Positioned to serve Midland's energy, construction, transportation, and industrial workforce

• Fenced Property – Defined site boundaries with controlled access and improved security

• Attractive RV Park Asset Class – Lower operational complexity than many traditional multifamily investments while offering strong cash-flow potential

Listing Contacts

BS
TX TX 592140
The Sales Team Realtors
Listed by The Sales Team Realtors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$221,997.00
$18,499.75/mo

Valuation Metrics

0
DSCR
12.33%
Cap Rate
12.33%
ROI

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Additional Information

Name
Brian Sales
License
TX 592140
Brokerage
The Sales Team Realtors
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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