RV Park
S h a d y G r o v e
OKLAHOMA BROKERAGE TEAM
JEFF WEIDES
direct: 405.315.3601
website: www.okrealestate.pro
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T E X A S B R O K E R A G E T E A M
CARRIE L SIEGER
Partner
direct: 262.812.6420
website: www.jtacr.com
JOHN AULETTA
Partner
direct: 214.803.7536
Website: www.jtacr.com
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C O N T E N T S
INVESTMENT OVERVIEW
MARKET OVERVIEW
PROPERTY DESCRIPTION
MOBILE HOME MARKET
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I N V E S T M E N T O V E R V I E W
Executive summary
Investment highlights
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E X E C U T I V E S U M M ARY
JTACR Real Estate Group is pleased to present Shady Grove RV Park: a small community located in Kiowa, OK. The community
consists of 19 RV sites, one single family residence, one mobile home, and 3 storage units. The community is conveniently
located just 20 minutes south of McAlester, Oklahoma and has been around for almost 20 years. The property is covered with
mature oak trees and has plenty of space to possibly double capacity. Majority of residents are long-term.
Kiowa, OK USAC I T Y / S T A T E
All-AgeT Y P E
24S I T E S
+1.5A C R E A G E
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CENTRALLY LOCATED IN KIOWA, WITH EXCELLENT PROXIMITY TO THE SURROUNDING AREA AND AMENITIES
I N V E S T M E N T H I G H L I G H T S
PUBLIC UTILITIES
APPROXIMATE 20 YEAR OLD COMMUNITY WITH MATURE OVERHEAD TREE COVERAGE
UPSIDE IN INCREASING OCCUPANCY OF VACANT PADS, ADDING AMENITIES, AND IMPROVING THE COMMUNITY
AESTHETIC
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Note: this is a rendering and not to be deemed 100% accurate
M A R K E T O V E R V I E W
Area overview
Market fundamentals
Lifestyle & attractions
Nearby amenities
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AREA OVERVIEW
Kiowa is located in Pittsburg County on U.S. Highway 69 at its intersection with State Highway 63. The town was founded in 1872 when the Missouri, Kansas and Texas Railway, known as the "Katy," was extended southward from McAlester, Indian Territory, to Denison, Texas. Kiowa offers suburban living with a rich history and solid steady growth. Kiowa is located near local eateries as well as beautiful parks.
Pittsburgh CountyPittsburg county is rich with historical sites and landmarks. Highway 69 includes stops for golf, casinos, historical sites, parks and shopping centers. The mountainous county provides plenty of sightseeing opportunities for travelers and residents alike.
EconomyKiowa is a bedroom community for the surrounding industries. The most notable are the industries are in McAlester, located 20 miles outside of Kiowa. The top employers are McAlester Ammunition Plant, McAlester Regional Medical Center and McAlester Public Schools. The population of Kiowa is employed by these and other industries in the surrounding areas. The breakdown is illustrated in the first table.
PopulationCost of living in Kiowa is very low compared to the national average. Over 70% of the the residents in Kiowa are homeowners and rental rates remain low. With a population of under 700 people, Kiowa is a quaint small town within a short drive to major industries and historical sites.
InfrastructureKiowa is located on US 69 which quickly connects to 270. Interstate 270 runs North to South and connects Pittsburg County to route 40.
TOP EMPLOYERS IN YOUR CITY
Industry Employment % of population
Sales -------------------------- 12.5%
Management -------------------------- 12.1%
Production -------------------------- 11.3%
Transportation -------------------------- 7.42%
Installation / Repair -------------------------- 7.03%
TITLE TITLE # HERE
TITLE # HERE
POPULATION Source: U.S. Census Bureau
2017 2018 2019 2020 2021
Kiowa 797 809 811 767 767
Pittsburg County
44,154 43,870 43,654 43,488 43,222
Oklahoma 3.93m 3.94m 3.95m 3.97m 3.98m
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LOCAL ATTRACTIONS
POINTS OF INTERESTSpeedline EntertainmentSpeedLine Entertainment Family Fun Park, located in
McAlester, is the perfect choice for family fun entertainment at
reasonable prices in Southeast Oklahoma. This facility includes
a 25,000 sq. ft. 18 Hole Pro Miniature Golf Course and 6
Automatic Batting Cages for baseball or softball. SpeedLine
Mini Golf Course has a huge natural rock waterfall with ponds,
rivers, and fountains making the place an excellent leisure
outlet for people in all ages. The Iron Mike automatic pitching
machine is ideal for batting practice or just to have a fun hitting
some balls. SpeedLine Entertainment... It's fun for everyone!
Defending our Freedom MonumentThis drive by monument is dedicated to all service membersboth still serving and those who have died defending ourfreedom. The monument displays the MOAB bomb.
Choctaw CasinoEnjoy slots, table games, live entertainment and a restaurant.The Choctaw Casino is the hub of entertainment and gamblingnear Kiowa.
TOP 5 THINGS TO DO IN YOUR TOWNaccording to trip advisor
1. Speedline Entertainment
2. Great Balls of Fire Family Entertainment Center
3. Defending our Freedom Monument
4. Hick’s Hideout
5. Choctaw Casino - McAlester
MARKET OVERVIEW | 14
Top 10CITY WITH THE LOWEST COST OF
LIVING IN OKLAHOMA—AREAVIBES—
TOP 20BEST PUBLIC SCHOOL
DISTRICTS IN OKLAHOMA-NICHE-
MARKET OVERVIEW | 14
NEARBY AMENITIES
vv
1. Quick Bites 2. Local Eateries
3. Shopping Destinations
PIC HERE 7.34 X 3.2
PIC HERE 4.09 X 3.03
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P R O P E R T Y D E S C R I P T I O N
Property details
Parcel view
Location map
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P R O P E R T Y D E TAI L S
Street Address
City, State
County
CBSA
Property Type
Community Type
Total Rental Sites
Total Acreage
Parcel Number(s)
Year of Construction
Flood Zone
909 Jackson Ave
Kiowa, OK 74553
PITTSBURGH
PITTSBURGH
RV/MOBILE HOME PARK
ALL AGES
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1.5187 ACRES
936, 938
1985
NO
Opportunity Zone NO
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I N F R AS T R U C T U R E & U T I L I T I E S
TYPE PROVIDER PAID BY METERED/DIRECT BILLED
Water Public PARK MASTER
Sewer Public PARK MASTER
Electricity Public PARK Direct-Billed
Trash Public PARK Direct-Billed
Natural Gas Public PARK Direct-Billed
Cable/Internet/Phone Multiple Resident Direct-Billed
UTILITIES
TYPE RESPONSIBILITY PAID BY
LAND SCAPING HOMES
MIX MIX
LANDSCAPING MAIN
PARK PARK
PEST PARK PARK
ADDITIONAL SERVICES
STAFF/THIRD PARTY MANAGEMENT
On-site Staff NO
Third-Party Management Company
NO
INFRASTRUCTURE
TYPE
ROAD SURFACEASPHALT/
DRIVEWAY SURFACE GRAVEL
PARKING PER SITE 2
ELECTRICAL AMPERAGE 100-200
OWNER RESPONSIBILITY
ABSENTEE YES
OFF SITE MANAGEMENT YES
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S I T E M I X & R E N TAL B R E AK D O W N
TOTAL OCCUPIED ECONOMICOCCUPANCY %
PHYSICALOCCUPANCY %
MONTHLYLOT RENT
TOTAL RENTAL SITES 24 25%
RV/TENANT OWNED/LOT ONLY 19 5 26% $325
PARK OWNED HOME (POH) 1 0 0%
STORAGE 3 0 0%
SINGLE FAMILY RESIDENCE 1 1 100% $600
POH SUMMARY
RENT INCREASE HISTORY
TOTAL %MH SITES HOME RENT AVG HOME YEAR
VALUE/BALANCE
TOTAL POH SITES 2 8% $400-600 1980 $75,000
MOBILE HOME 1 $5,000
SINGLE FAMILY RESIDENCE 1 $70,000
DATE AMOUNT
RENT AMOUNT NA
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R V M A R K E T
Local Map
Regional Map
Comparable sales
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K I O WA
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C O M PAR A B L E S AL E S
PROPERTY ADDRESS CITY/STATE SITES PURCHASE PRICE PRICE/PAD SALE DATE
SUBJECT 909 Jackson AveKiowa, OK
7455320 $11,200
Mesquite Oasis RV Park
7601 W 42nd St, Odessa, TX 79764
Odessa, TX 79764
100 $37,700 2018
Circle 8 RV Park 2600 S Janice St, Monahans, TX 79756
96 $16,842 2019
Red Bear Resort 10169 Red Bear
Resort, Wills Point, TX
75169112 $17,857 2019
Acme RV Park3807 S County Rd
1210Midland, TX
7970666 $30,909 2020
American RV Park4345 State Hwy 31
W, Corsicana, TX
75110156 $24,359 2020
Axton's Bass City 2959 FM2946, Emory, TX
7544071 $9,155 2019
Average $22,803
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O F F E R I N G D E TAI L S
JTACR Real Estate Group has been engaged as the exclusive listingBroker representative of the Owner for the sale of this property. Nocontact shall be made by any prospective purchaser or agents to theOwner, its executives, staff, personnel, tenants, or related parties.
This Investment Offering Memorandum is a confidential solicitationof interest, and the information provided herein is provided for thesole purpose of considering the purchase of the Property. The Ownerexpressly reserves the right, at its sole discretion, to reject any or allexpressions of interest to purchase the Property or to terminatediscussions with any entity at any time with or without notice. TheOwner shall have no legal commitment or obligation to any entityreviewing the Investment Offering Memorandum or making an offerto purchase the Property unless and until the Owner executes anddelivers a signed Purchase Agreement on terms acceptable tothe Owner. By receipt of this Offering Memorandum, prospectivepurchaser will be deemed to have acknowledged the foregoing andagrees to release the Owner from any and all liability with respecthereto.
The enclosed materials are being provided solely to facilitate theprospective purchaser’s own due diligence for which the purchasershall be fully and solely responsible. All information contained hereinis confidential in nature, and recipient agrees not to photocopy,duplicate, forward, distribute, or solicit third party interest withoutwritten permission and consent from Owner or CapstoneManufactured Housing, LLC.
Neither JTACR Real Estate Group nor the Owner make anyrepresentation or warranty, express or implied, as to the accuracy orcompleteness of the information contained herein, and nothingcontained herein shall be relied upon as a promise or representationas to the future performance of the Property.
OFFER SUBMISSION
ASKING PRICE & TERMS
SOURCES
Offers should be presented in the form of a non-binding Letter of Intent, spelling out all significant terms and conditions of Purchaser’s offer including, but not limited to, (1) asset pricing, (2) due diligence and closing timeframe, (3) deal structure and each party’s rights and responsibilities (as applicable), (4) earnest money deposit, and to include (5) a resume of previous multi-family ownership experience, as well as (6) qualifications to close, and (7) details of debt and equity financing.
$299,000
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RV PARK
S H A D Y G R O V E
CARRIE L SIEGERPARTNER
Direct: 262.812.6420Email: [email protected]
Website: www.jtacr.com
JOHN AULETTAPARTNER
Direct: 214.803.7536Email: [email protected]
Website: www.jtacr.com