Kapowsin Country Park
Graham, WA
Asking price
$1,895,000
Sites
—
Cap rate
—
Price / site
—
About this property
Kapowsin Country Park An Investment Opportunity With Significant Upside Potential Welcome To Kapowsin Country Park, An Investment Opportunity Situated On 4.76 Acres Across Two Parcels In Graham, Washington. Located Approximately Half A Mile From Kapowsin Lake, This Property Combines Existing Rental Income With Opportunities For Future Improvements And Increased Revenue. Property Address: 30114 Orville Road East, Graham, Wa 98338 Property Highlights 4.76 Acres Across Two Parcels Approximately 15,009 Square Feet Of Rentable Space 10 Park-Owned Manufactured Homes, Including Six Double-Wides And Four Single-Wides Five Month-To-Month Rv Spaces Garage, Warehouse, And Outdoor Storage Space With Additional Income Potential Existing Laundry Building With Potential For Conversion To An Additional Rental Unit Approximately 2,320-Square-Foot Garage Estimated Value Of $500,000-$600,000 Minimum For The Park-Owned Mobile Homes Current Rents Provide Room For Future Increases Through Allowable Rent Increases Per The Washington State Rent Control Provisions Seller Will Consider Seller Financing With 50% Down Investment Highlights And Potential The Property Offers Terrific Opportunities To Enhance Income Through Rental Adjustments, Additional Storage Revenue, And The Proposed Conversion Of The Existing Laundry Building. Additional Potential Income Opportunities Include Garage And Warehouse Rentals, Outdoor Storage, Rv Storage, And Conversion Of Existing Property Improvements Into Additional Rentable Space. The Projected Figures Outline The Following Potential: 2026 Proforma: $131,448 In Net Income, With A 6.93% Cap Rate. 2027–2028 Proforma: 12.65% Cap Rate, Gross Of $281,176 And Net of $239,760 Based On Anticipated Rent Increases And Planned Improvements. The Park-Owned Manufactured Homes Represent An Approximate $500,000-$600,000 In Value. Location And Lifestyle Enjoy Proximity To Kapowsin Lake, Known For Fishing And Outdoor Recreation, While Remaining 16 Miles Of Tacoma And 9 Miles Of Puyallup. The Location Offers A Combination Of Recreational Appeal And Access To Nearby Communities. Pierce County Has A Population Of Approximately 904,000, Providing Regional Context For This Investment Opportunity. A Rare Opportunity With Existing Rental Operations, Multiple Property Components, And Potential For Future Income Growth, Kapowsin Country Park Offers Investors An Opportunity To Explore Both Current Returns And Long-Term Value Creation. Contact The Listing Broker To Arrange A Tour.
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 | $1,895,000 |
|---|---|
| Address | 30114 Orville Road East |
| First seen by UnitListed | Oct 20, 2026 |
| Source page last checked | Oct 24, 2026 |
| Source last changed | Oct 20, 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 Oct 20, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Oct 20, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
