Contact Information
Daniel Smith
Marcus & Millichap
RV Park/Campground Details
- Price: $1,065,000
- Purchase Method: Cash
- Cap Rate: 10.5%
- Listing ID: 4943136
- Posted On: Mar 23, 2024
- Updated On: Oct 28, 2024
Description
Attractively situated off beachgoer thoroughfare US-231 + a major intersection leading to 30A and Panama City, Mr. D's is a local community staple. All 40 pull-thru sites come with full hook-up 30/50-amp service, cable and WiFi. Whether pulling in for a night or looking for an extended stay, this unique asset offers competitive, sub-market rates.
*Expansion potential of approximately 5 sites
*Entry-area mobile home not currently, but may be rented monthly
*Extended-stay growth potential (50-60% long-term occupancy)
*Upside in optimizing asset management
*Minimal maintenance requirements (3.6 acres)
*February 2024 = highest revenue in 12 months
This low-maintenance campground is frequented by soldiers training at Fort Rucker, located just 15 minutes away. Mr. D's is 2 miles from historic Ozark Town Square, 10 minutes from picturesque Ed Lisenby Lake and just under 30 minutes from booming Dothan - the peanut capital of America.
Amenities
- Laundromat
- Manager Office
- Bathhouse
- Wifi
Park Information
Number of RV Lots: | 40 |
Year Built: | 2008 |
Average RV Lot Rent: | $500 |
Size: | 3.6 acre(s) |
Financial Information (Actual)
Gross Income: | $181,052 |
Operating Expense: | $69,422 |
Net Operating Income: | $111,629 |
Expense Ratio: | 38.3 % |
Utility Information
Water: | City |
Sewer: | City |