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32985587

13026 TABEAUD RD, PINE GROVE, CA 95665-9814 For Sale

AD
AZ SA672299000
Park Brokerage Inc Santa Barbara
Listed by Park Brokerage Inc Santa Barbara
$4,900,000
56 days on market
Updated 6 days ago

Gold Country Campground Resort

Details
APN 038180056000
Property Type Mobile Home Park, Special Purpose
Units 130
Cap Rate 7.59%
NOI $371,897
Pro-Forma Cap Rate 7.77%
Pro-Forma NOI $380,649
Year Built 1956
Acreage 45.700
Investment Type Value Add
Ground Lease No

Turnkey RV Park Located in Prime California Sierra Nevada Foothills

Marketing description

Park Brokerage, in cooperation with California Broker of Record ParaSell Inc. is proud to bring to market Gold Country Campground Resort a premier, year-round outdoor hospitality destination nestled in the breathtaking, heavily wooded Sierra Nevada foothills of Pine Grove, California. Designed as a true "Paradise in the Pines," this 45.7-acre resort seamlessly blends rustic mountain charm with resort-quality amenities. It offers a pristine, quiet getaway perfectly suited for experiential travel and family entertainment.

Strategically positioned along the widely traveled Highway 88 corridor, the resort is exceptionally accessible for large Class A motorhomes and fifth-wheel trailers. It is an easy drive from the San Joaquin Valley and major Northern California urban hubs like Sacramento, Modesto, and Stockton, alongside neighboring cities like Merced and Lodi. While summer temperatures in these valley cities regularly spike to over 100 degrees daily, Gold Country Campground Resort rests comfortably at an elevation of 3,500 feet. This prime elevation offers a much-needed retreat, with temperatures typically 15 to 20 degrees cooler, ensuring a highly comfortable camping experience for guests. Furthermore, sitting just 45 minutes from the resort community of Lake Tahoe, the property serves as a natural and convenient stopover spot for vacationers heading to the high Sierras. The property also benefits from a concentrated cluster of entertainment venues, with three full-service casinos located within an hour's drive: Jackson Rancheria Casino, Harrah's Northern California, and Acorn Ridge Casino. Together, these destinations provide year-round dining, live entertainment, and gaming options that drive consistent adult visitation. Combined with world-class winter snow sports at Kirkwood Ski Resort—located just forty-five minutes up the alpine corridor—the surrounding area delivers diverse, year-round demand drivers that protect against seasonal lulls.

The resort caters to a wide demographic of outdoor enthusiasts with 130 total units and a diverse array of lodging options including spacious, big-rig friendly sites featuring full hookups, 30/50 amp service, and premium upgrades like Deluxe Sites with private fire pits. For those seeking a more traditional stay, the property boasts charming stick-built rental cabins, comfortable motel rooms, a spacious multi-room vacation lodge, and dedicated tent camping sites. Guests enjoy exclusive access to a large, sparkling swimming pool and an interactive water splash pad that serves as a major draw for families during the summer months. The on-site experience includes a well-maintained mini-golf course, an arcade, billiards, horseshoes, basketball, a playground, beautifully wooded nature trails, and two large clubhouses. The park provides complimentary premium Wi-Fi, basic cable at RV sites, immaculate restroom and shower facilities, and a spacious, dedicated dog park for four-legged guests.

Serviced by public water and septic, the property includes a double-wide manufactured home for on-site management and three park models. The resort offers massive value-add potential and immediate upside for a future operator. Immediate revenue growth can be captured by raising currently below-market rates and activating one unused park model. Additionally, the offering includes over 27 acres of currently unutilized land, providing a substantial footprint to explore potential park expansion or alternative uses—such as installing a solar to offset electrical costs and further drive NOI. Ownership also has county confirmation that converting existing tent sites into RV sites requires no Conditional Use Permit (CUP) or planning entitlements. Two prime conversion sites are already outlined in the offering, and the majority of existing tent sites can easily accommodate any size RV. Furthermore, the Transient Occupancy Tax (TOT) only applies to the lodges and cabins—not the RV sites—resulting in a natural enhancement to the bottom line. Finally, the park has showcased incredible resilience over the last three years despite a PG&E easement violation that temporarily blocked guest access and suppressed revenue. With that project now fully completed, a new owner is perfectly positioned to see a substantial revenue bounce-back in Year 1.

Investment highlights

  • 130 total units (permitted for 139)
  • Attractive price per unit entry point in a high-barrier to entry market
  • Prime Sierra Nevada location, population of approximately 15 million within a 2-3 hour drive radius
  • Mix of extended stay and transient revenue. Current rates are well below market comparisons
  • Potential to convert tent sites to full hook-up RV sites
  • Many recent capital improvements, including multiple new power drops installed by PG&E to supply power for additional sites and tent site conversion
  • Highly amenitized property including 2 large clubhouses with bathrooms and kitchens. One could be converted to multi-bedroom lodge increasing revenue
  • RV Sites excluded from TOT tax per county
  • Over 27 acres of undeveloped land are included in the purchase price, offering a blank canvas to explore future value-add opportunities

Listing Contacts

AD
AZ SA672299000
Park Brokerage Inc Santa Barbara
Listed by Park Brokerage Inc Santa Barbara

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$371,897.00
$30,991.42/mo

Valuation Metrics

0
DSCR
7.59%
Cap Rate
7.59%
ROI

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Additional Information

Name
Scott Reid
License
CA 02101543
Brokerage
ParaSell Inc.
Title
Broker of Record
Brokerage Address
940 S Coast Dr Suite 100, Costa Mesa, CA 92626
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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