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32196708
32196707

168 Butler, Onalaska, TX 77360

KD
TX 699130, 0699130
Matthews
Matthews
Listed by Matthews
$3,500,000
57 days on market
Updated 30 days ago

Northshore RV Park

Details
Property Type Multifamily
Sub Type RV Park
Square Footage 86,000
Units 89
Cap Rate 8.45%
NOI $295,772
Tenancy Multi
Year Built 1995

Irreplaceable Lakefront RV Park on Texas' Fifth Largest Lake

Investment highlights

Irreplaceable Lakefront Real Estate – sits directly on the shores of Lake Livingston, one of the top five largest lakes in Texas at over 93,000 acres. Waterfront positions on established Texas lakes carry significant permitting and entitlement barriers, making assets of this type genuinely difficult to acquire and impossible to replicate at cost.

Proximity to Major Texas Population Centers – Located approximately one hour north of Houston and within easy driving distance of both Dallas and Austin. This positions Northshore to draw from a combined metro population representing tens of millions of potential visitors, with no competing long-distance travel required.

Embedded Upside Through Marina Reactivation – The marina infrastructure is in place but currently non-operational, representing a clear path to incremental income that is not reflected in the current revenue baseline. A new owner has the opportunity to reactivate slip rentals, boat storage, launch fees, and watercraft rentals — revenue streams directly supported by the lake setting and existing guest base — without acquiring additional land or entitlements.

Municipal Utilities – Operates on city water and city sewer. For buyers and their capital partners, municipal utility service eliminates well and septic liability, reduces operating cost variability, and meaningfully simplifies the financing and due diligence process relative to comparable RV assets on private utilities.

Diversified Revenue Profile – In-place income is generated across RV sites, cabin rentals, glamping accommodations, watercraft rentals, and ancillary amenities. The breadth of revenue channels reduces single-stream dependency and supports both nightly rate growth and longer average length of stay.

Year-Round Operating Asset – Lake Livingston generates demand across all four seasons — summer lake recreation, fall fishing, and winter snowbird long-term stays — supplemented by nearby traffic drivers including Lake Livingston State Park, Huntsville State Park, the Naskila Gaming facility at the Alabama-Coushatta Reservation, and Livingston Trade Days. The result is a consistent, multi-season occupancy profile rather than a peaked seasonal operation.

Listing Contacts

KD
TX 699130, 0699130
Matthews
Matthews
Listed by Matthews

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$295,772.00
$24,647.67/mo

Valuation Metrics

0
DSCR
8.45%
Cap Rate
8.45%
ROI

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Additional Information

Name
Patrick Graham
License
528005, 9005919 (TX)
Brokerage
Matthews Real Estate Investment Services, Inc
Title
Broker of Record
Brokerage Address
2699 Howell St., Suite 400, Dallas, TX 75204
Name
Kevin Diener
License
699130
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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