Offered at an exceptional value, Junction West Ponca City is a 34.16-acre workforce housing community located in a high-demand, industry-driven corridor. This 116-site park includes 71 RV lots and 45 cabins (duplexes, fourplexes, cottage cabins, and mobile homes), catering to transient and long-term workforce tenants. The park provides attractive features, including a storm shelter, Wi-Fi, cable TV, restrooms, housekeeping services, furnishings, bedding, walk-in showers, a microwave, cookware/utensils, laundry facilities, security cameras, dog parks, a children’s play area, and firepits. The cabins are 2007-2014 vintage, and the RV sites are grass/gravel with 30/50 amps and 45x90-foot pull throughs. The park pays for all utilities, city water, and a private sewer-lagoon.
Priced at just $600,000 ($5,172 per site), well below replacement cost, the cabins include land, utility infrastructure, roads, office, and outbuildings. The cabins alone are valued at $1,000,000+, making the purchase price a fraction of true asset value. This offer represents approximately 20% of replacement cost with a strong 11.86% cap rate (2023). Notably, gross scheduled rents are approximately 0.5x the asking price, delivering a rare cash-flowing opportunity at an unbeatable price point.
Ponca City Park is five minutes west of the 234,000-barrels-per-day (BPD) Phillips 66 Oil Refinery and derives most of its tenants from outside maintenance crews that do periodic major/minor "turns" to maintain the refinery, typically for a period of three months. Tenancy is also provided through the maintenance of four power plants located 18 miles south, as well as wind farms, bridge construction, road crews, and various oil/gas operations.
The price of the offer has been reduced as of 4/25/2025, and the seller is highly motivated. Please bring all offers to Keith Wilson.
The owner is selling this park and a similar 132 site workforce housing park, Junction West Coffeyville. This other offer includes 132 sites priced at $800,000 with a $300,000 price reduction. (see Loopnet). The sale is offered separately or as a portfolio opportunity.