Ponca City RV Park

1017 North Waverly Street, Ponca City, OK

$1,300,000

Price

7.08%

Cap Rate

$123,855

NOI

Gallery
Street
Map
Overview
Cap Rate
7.08%
NOI
$123,855
Pro Forma Cap Rate
10.21%
Building Size
676,487 sqft
Lot Area
15.53 acres
Occupancy
73%
Units
34
GRM
8.72
Year Built
2015
Zoning
I-1
Description

PONCA CITY RV PARK Welcome to Ponca City RV Park, a beautifully maintained owner-operator RV park in Ponca City, Oklahoma. Located at 1017 N Waverly Street, this park offers an excellent opportunity for investors and entrepreneurs looking to capitalize on the growing demand for RV travel and long-term stay options. Situated on 15.53 acres of land, Ponca City RV Park features 34 total units, including oversized concrete pads, large pull-through pads, super spaces with a shared covered Gazebo, and a small apartment. All units are individually metered for electricity, ensuring convenience and efficiency for both guests and the park management. With an average occupancy rate of 73%+ for 2021 & 2022 and a current net operating income (NOI) of $95,444,855, the park provides a solid foundation for a profitable investment. Additionally, there is ample potential for expansion and the development of additional revenue streams, offering a promising opportunity to maximize returns. In addition to its attractive financials, Ponca City RV Park benefits from its prime location in Kay County. The surrounding area boasts a growing population with a median household income of $41,552 (within a 1-mile radius) and ample amenities nearby. Don't miss the chance to own and operate Ponca City RV Park. Invest in the thriving RV industry and seize the opportunity with Ponca City RV Park- your passport to success in the lucrative world of RV park ownership.

The Seller is not interested in any kind of Seller Financing terms.

Highlights
  • Beautifully maintained owner-operator RV Park in Ponca City, Oklahoma. This park is well ran and has an excellent reputation for RV travelers and long term tenants.
  • There are currently 34 total units. 22 of the spaces are regular oversized concrete pads. 7 spaces are large pull through concrete pads. 4 spaces are super spaces that include larger concrete pads and a shared covered Gazebo with a TV and grill. The last unit is a small apartment. All of the units are individually metered for electric. The common area hosts multiple offices, two restrooms with showers, and a laundry room.
  • There's lots of room for expansion to the park on the north or south side of the property. There's opportunity to add more RV spaces as well as developing more revenue streams.
Documents
Title
Ponca_City_RV_Park_Offering_Memorandum.pdf
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Location
Gallery