Main St RV Park - Midland, TX
Odessa, TX
Asking price
$6,950,000
Sites
—
Cap rate
12.20%
Price / site
—
About this property
The Esterson MHC Team is pleased to present the Main St RV Park – Midland, a 168-unit RV community located in the high-growth Odessa–Midland MSA, Texas. This stabilized investment opportunity features 159 income-producing RV pads and 9 motel/apartment-style units, delivering strong in-place cash flow with compelling upside through operational improvements and continued rent growth. Situated within the heart of Midland’s booming energy corridor, Main St RV Park benefits from a dynamic economy driven by the Permian Basin’s oil and gas industry, robust infrastructure investment, and a resilient blue-collar workforce. The park is located at 10515 W County Road 127, offering direct access to major highways, regional employers, and logistics hubs. Located only 2.5 miles from the Midland International Airport. The Odessa–Midland region is recognized for its significant population growth, low unemployment, and strong demand for affordable workforce housing solutions such as extended-stay RV living. The park totals 168 rental units, consisting of 159 active RV lots and 9 apartment like motel units. Current average monthly RV rent is approximately $597 including all utilities. The 9 motel units rent for $1,000/month. Ownership currently uses them for their staff when they are on site and will lease back these units post sale. The motel units have been remodeled and all include full bathrooms and kitchens. With a current 95% occupancy on the RV lots, the asset produces about $1,203,900 in gross income based on current rents and achieves $782,576 in NOI after expenses. The offering reflects an 11.3% in-place cap rate on current financials, with a market pro forma cap rate of 12.2%. Main St RV operates on public utilities—city water, sewer, electric, and trash—all paid by ownership, offering consistent service and management control. Utility infrastructure is fully operational and in good condition. The paved roads are in good shape. The park is not located in a flood zone. The Midland housing market remains extremely tight, with less than 5% vacancy across all multifamily asset classes and has strong continued demand from transient and energy-related workforces. According to the latest data, average apartment rents in Midland are $1,560 for 2-bedroom units and $1,953 for 3-bedroom units, illustrating the continued affordability gap driving strong RV housing demand in this region. With zero park-owned homes and a simple operational footprint, the park provides investors with a clean, scalable platform requiring minimal capex and limited management complexity. Value-add opportunities include metering for tenant utility reimbursement, streamlining billing systems, and pushing rents to market, providing an immediate path to increase revenue. We are asking investors to submit offers at or above $6,950,000 (an 11.3% cap rate upon entry). All offers must include price, inspection timelines, appropriate terms, proof of funds, a list of due diligence items required from ownership, and relevant real estate experience. This offering represents a high-yield, low-barrier opportunity in a supply-constrained workforce housing market backed by strong fundamentals and durable tenant demand. Both conventional recourse and bridge lending options should be available.
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 | $6,950,000 |
|---|---|
| Cap rate | 12.20% |
| Year built | 2017 |
| Address | 10515 West County Road 127 |
| 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.
