Roadrunner RV Park | $173K NOI | 94% Occupied | Double Digit Cap Rate

Investment Highlights

• 34-Site RV Rental Community in Odessa, Texas
• Value-Add Opportunity with Upside in Rents | Private Water/Septic
• Amenities Include Laundry Facilities, 24/7 Security, Free Dish TV, Keyed Mailboxes, TVs Included In Unit
• Immediate Access to US Route 385
• Thriving Odessa Job Market Boasts Nation’s Second Largest Year-Over-Year Percentage Gain in Employment

 

Offering Summary

Marcus & Millichap is proud to present the opportunity to purchase Roadrunner RV Rental Community, a ±34-site community located at 720 East Mulberry Street in Odessa, Texas (the “Property”).  The Property is comprised of 34 park-owned RVs and is currently 94% occupied with an average rental rate below market. The Property operates on well water and septic sewer with all utilities covered by ownership. The 2-acre property is located half a mile from U.S. Route 385 and was built in 2011. US Route 385, a high traffic corridor with over 17,000 vehicles daily, is a spur of U.S. Route 85 that runs for 1,206 miles (1,941 km) from Deadwood, South Dakota to Big Bend National Park, Texas. Midland International Airport is approximately 23 miles from the park. Amenities include laundry facilities, 24/7 security cameras, free dish TV, and keyed mailboxes.
 
Odessa is located in Ector County and is situated above the Permian Basin, a large sedimentary deposit that contains significant reserves of oil and natural gas.  As of 2024, there were approximately 18,459 residents with an average household income of $69,694 within a 10-mile radius.