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33808525
33808523

2401 N STATE HWY 118, ALPINE, TX 79830-2053

CJ
TX 805853
North Star Brokerage & Advisory
LD
TX 693330
North Star Brokerage & Advisory
Listed by North Star Brokerage & Advisory
$4,500,000
0 days on market
Updated 0 days ago

Lost Alaskan RV Park

Details
APN 13309
Property Type Multifamily, Hospitality (+1)
Sub Type RV Park
Units 121
Cap Rate 8.00%
NOI $362,649
Class A
Year Built 1998
Year Renovated 2015
Buildings 8
Acreage 15.820
Zoning Commercial
Investment Type Owner/User

Destination RV Park Near Big Bend National Park | 100+ Units | Seller Financing Available

Marketing description

North Star Brokerage & Advisory is pleased to offer Lost Alaskan RV Park, on 16 acres at 2401 N Highway 118 in Alpine, Texas — the closest large, full-amenity RV park to Big Bend National Park. The property features 91 RV sites, 8 tent sites, 2 cabins, a single family home for owner or manager, and 20 RV storage sites with chip-and-seal roads, swimming pool, bathhouse with laundry and rec room, gift shop, dog park, playground, WiFi, and cable.

Anchored by Big Bend tourism, Sul Ross State University, and the regional healthcare workforce, Alpine drives steady demand from both destination travelers and long-term tenants, keeping the 62 monthly sites effectively fully leased. Offered with attractive seller financing — a 30-year fully amortizing note with no balloon — Lost Alaskan is a rare opportunity to acquire a stabilized, free-and-clear destination asset with built-in long-term financing in a supply-constrained market.

Seller Financing Terms:

Down Payment: $800,000 (17%)

Interest Rate: 6.5%

Amortization & Maturity: 30 Year

Looking for something else? Please submit your buyer criteria so that our team can better pair you with opportunities that meet your needs.

HOW TO PARTICIPATE

Inquiries should be made by contacting Caleb Jackson at [email protected]

DO NOT show up to the property unannounced.

DO NOT speak to staff, guests or owners without written consent from Broker.

Offers must be submitted in a Letter of Intent format with proof of funds and/or letter from a lender.

Please review all diligence materials prior to contacting an agent.

Notice to Subto and Creative Finance Communities

To all new members of the Pace Morby “Creative Finance” and “Subto” communities, we appreciate your enthusiasm and interest.

Please note that we work exclusively with verified buyers (and their brokers). To protect our sellers, we do not release proprietary information to intermediaries, scouts, “bird dogs,” or any third parties.

All buyers must contact us directly, complete registration, and sign a Confidentiality Agreement before receiving any property details. Proof of funds may be requested from all interested parties.

Investment highlights

  • Gateway to Big Bend National Park - Lost Alaskan is the closest large, full-amenity RV park to Big Bend, capturing destination travelers along the Highway 118 corridor through Alpine to the park's north entrance.

  • Expansion Land Included - Approximately 2 acres of usable, undeveloped land at the back of the park behind the RV barn — offer a clear path to add premium sites or amenities with mountain view.

  • Seller Financing Available - Owned free and clear, the seller is prioritizing owner-carry terms — a 30-year fully amortizing note with no balloon — allowing buyers to bypass the conventional lending market.

  • Legacy-Owned, Well-Maintained Asset - 14 years of single-family stewardship, with chip-and-seal roads resealed in 2018, a recent house remodel, and ~75-80% of the park's mature pine canopy preserved through a comprehensive beetle treatment program.

  • Stabilized Long-Term Income - Base With Seasonal Upside All 62 monthly sites are effectively fully leased to a defensive tenant mix of Alpine Residents, Winter Texans, state troopers, healthcare workers, and snowbirds, anchoring revenue independent of seasonal tourism.

  • Limited Local Competition - Lost Alaskan is the only full-amenity, full-hookup property in the Alpine market — competing parks lack WiFi, cable, and full bathhouse access, creating a durable competitive moat in a supply-constrained destination.

Listing Contacts

CJ
TX 805853
North Star Brokerage & Advisory
LD
TX 693330
North Star Brokerage & Advisory
Listed by North Star Brokerage & Advisory

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$362,649.00
$30,220.75/mo

Valuation Metrics

0
DSCR
8.06%
Cap Rate
8.06%
ROI

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Additional Information

Name
Caleb Jackson
License
805853
Name
Landan Dory
License
693330
Brokerage Phone
(512) 222-6826
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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