999 Old Highway 99 - Specialty FOR SALE


Wolf Creek, OR 97497
$1,200,000 USD
999 Old Highway 99, Wolf Creek, OR for Sale
$1,200,000 USD
Specialty - FOR SALE
1/33
null | 7.87% Cap Rate

NEW


999 Old Highway 99
Wolf Creek, OR 97497


HIGHLIGHTS

  • $26,086 per rentable site with 7.9% cap on in-place NOI, and 8.7% in Year 1
  • 45 long-term RV sites, 98% occupied
  • Below-market rents: average $419/month vs. ?$550 to $600 new move-in potential

OVERVIEW

Creekside RV Park – Stabilized Long-Term RV Community with Upside Call for Offers - January 30th 5pm Creekside RV Park is a stabilized, long-term RV community located directly off Exit 76 on Interstate 5 in Wolf Creek, Oregon, approximately 20 miles north of Grants Pass. The property sits on 3.53 acres and consists of 45 full hook-up RV sites plus a park-owned on-site apartment. The park is approximately 98% occupied and operates as an all-ages, month-to-month community serving long-term residents, providing durable year-round cash flow. In-place rents average $419 per month, inclusive of utilities, and are well below market, with nearby comparable parks supporting $550–$600 new move-in rents, creating a clear value-add opportunity through rent growth and utility bill-backs. Recent capital improvements include a new well pump, remodeled restroom facilities, a renovated apartment, and resealed asphalt roadways. Additional income is generated from coin-operated laundry and propane sales. The property is supported by a long-tenured, part-time on-site manager, offering operational continuity. Offered at $1,200,000, or $26,087 per rentable site, Creekside RV Park delivers a 7.9% cap rate on in-place NOI with multiple paths to income growth, making it an attractive entry point into the Oregon long-term RV market.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$240 USD /SF

CAP RATE

7.87%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Creekside RV Park

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.53 AC

LAND SF

153,767 SF

ZONING

RC

APN/PARCEL ID

R300269

ASK ABOUT THIS PROPERTY

John WallaceKidder MathewsMore Info

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John WallaceKidder MathewsMore Info

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