1402 S Cherry St, Tomball, TX 77375

Sunstone Real Estate Advisors is pleased to present Corral RV Park, a 209-site RV community located in Tomball, Texas within the Houston MSA. The property currently operates with 135 long-term occupied RV sites (~64.6% occupancy) and features a mix of long-term RV tenants and vacant sites with 749 move ins and 741 move outs over the 2025 calendar year, providing immediate scale with meaningful lease-up potential. Current average rents are $625–$675 per month, generating in-place revenue of approximately $1.5M+ annually under current operations. The asset also includes 46 storage units, providing additional ancillary income and diversification of revenue streams. Corral RV Park benefits from its location in a high-growth northwest Houston corridor with strong demand for affordable and flexible housing options.

The underwriting reflects a value-add strategy focused on occupancy growth, rental alignment, and improved revenue capture through short-term RV utilization and utility income. Average rents are currently below market, with comparable properties achieving approximately $695+ monthly rates, supporting a clear path for rent increases over time. Total revenue is projected to increase from approximately $1.5M+ currently to ~$1.99M by Year 3, driven by lease-up of vacant sites and rent growth. Net Operating Income is projected to grow from approximately $889K to ~$1.20M, as occupancy improves to approximately 79% and operating efficiencies are realized. Additional upside is supported through the introduction and expansion of short-term RV revenue and utility recapture, which significantly increases revenue per occupied site. Corral RV Park presents a compelling opportunity to acquire a scaled RV asset with multiple levers for income growth in a strong Houston submarket.