RV and Fenced Inside outside storage
Moravia, IA
Asking price
$400,000
Sites
20
Cap rate
—
Price / site
$20,000
About this property
Excellent opportunity in one of Southern Iowa’s busiest recreational corridors near Rathbun Lake, Honey Creek Resort, and Honey Creek State Park! This versatile commercial property is already set up with multiple income-producing opportunities including: ✔️ 20 Full Hook-Up RV Sites ✔️ Fully Fenced & Secured Outdoor Storage Area ✔️ Capacity for Approx. 30 Storage Units ✔️ 54’ x 72’ Morton Building with Concrete & Electric ✔️ 30’ x 48’ Morton Building with Concrete & Electric ✔️ Excellent Hwy J18 Visibility & Access ✔️ Approx. 4 Acres (subject to survey) ✔️ Additional Acreage Available Whether you’re looking to expand campground operations, create additional RV/boat storage income, operate a service business, or invest in the growing Rathbun Lake market — this property has the infrastructure already in place to become a strong income generator. The heavy lifting has already been done… bring your business plan and vision!
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 | $400,000 |
|---|---|
| Sites | 20 |
| Price per site | $20,000 |
| Year built | 2024 |
| Address | 19669 Highway J18 |
| First seen by UnitListed | Sep 6, 2026 |
| Source page last checked | Oct 13, 2026 |
Before you call the broker
7 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.
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
Site count and hookup mix — 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.
- Oct 16, 2026Status changedactive → stale (source absence)
- Sep 6, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
