Cedar Cove MHRV Resort
Mooresburg, TN
Asking price
$7,600,000
Sites
—
Cap rate
—
Price / site
—
About this property
Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, presents the offering to acquire the Cedar Cove Resort, a 173-total site long-term seasonal RV resort located on Cherokee Lake in Mooresburg, Tennessee. Positioned on the US-11W corridor roughly one hour northeast of Knoxville. Almost all sites are leased on annual agreements to tenants who own their RVs and park models, and have made many site upgrades including skirting. There are no park-owned units, no nightly rentals, and none of the turnover or operating intensity of a transient campground. The result is a durable, twelve-month income stream, similar to a mobile home park. The seller has been steadily advancing rents, demonstrating both the depth of demand for lakefront living in East Tennessee and the pricing power of the resort. With stabilized occupancy, in-place professional management, and contractual annual leases, Cedar Cove offers new ownership day-one cash flow with clearly identified paths to grow: including adding storage, covering the remaining uncovered sites, adding new docks, opening up more year round sites, growing rents, etc. The resort is offered at $7,600,000 ($43,931/site). This represents an 8.0% Year 1 Cap Rate. https://www.crexi.com/properties/2648949/tennessee-cedar-cove-mhrv-resort
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $7,600,000 |
|---|---|
| Address | 1501 Slate Hill Road |
| First seen by UnitListed | Sep 6, 2026 |
| Source page last checked | Oct 24, 2026 |
Before you call the broker
8 things are not disclosed on this listing. These are the questions that would close the gap — specific to a park, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Site count and hookup mix — not disclosed
How many sites are there, and how many are full-hookup, partial or tent?
Full-hookup sites earn a multiple of what a tent site does. The count alone does not tell you the income.
Operating season and seasonal mix — not disclosed
Is this year-round or seasonal, and what is the split between seasonal, monthly and transient guests?
A seasonal park with a five-month window is a different business from a year-round one at the same annual revenue.
Utility infrastructure — not disclosed
Are water, sewer and electric municipal or private, and what condition is the infrastructure in?
A private septic or well at end of life is a capital item that can exceed a year of NOI, and it will not appear in the expenses.
Permits and non-conforming use — not disclosed
Is the current site count permitted, and is any of it legal non-conforming?
A park operating more sites than it is permitted for cannot be financed at the income it shows.
Asking price — disclosed
Currency of the asking price — disclosed
Whether the land is included — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 6, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Sep 6, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
