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1505 N Lake Rd - Osprey Point RV Resort Specialty Building Offered at $6,000,000 at a 6.42% Cap Rate in Lakeside, OR 97449
Executive Summary
Osprey Point RV Resort is a 58-acre coastal RV park located on Tenmile Lake in Lakeside, Oregon, offering a strong value-add opportunity with multiple existing income streams. The property includes over 130 RV sites, tent camping, cabins, storage, and an on-site restaurant and bar with marina access.
The park is cash flowing with over $1.0M in effective gross income, but there is clear upside through improving operations, increasing rates, and better leveraging ancillary revenue such as food and beverage, storage, and recreation.
One of the most attractive aspects of the deal is the ability to expand the park with approximately 60 additional RV sites. Prior approvals and groundwork have already been completed, giving a new owner a path to significantly grow revenue.
Occupancy and overall operations can be improved with more active management, updated marketing, and a more polished online presence. The property benefits from consistent demand driven by its location near Highway 101, the Oregon Dunes, and Tenmile Lake, but it has not yet been fully capitalized on from a revenue and branding standpoint.
The park is cash flowing with over $1.0M in effective gross income, but there is clear upside through improving operations, increasing rates, and better leveraging ancillary revenue such as food and beverage, storage, and recreation.
One of the most attractive aspects of the deal is the ability to expand the park with approximately 60 additional RV sites. Prior approvals and groundwork have already been completed, giving a new owner a path to significantly grow revenue.
Occupancy and overall operations can be improved with more active management, updated marketing, and a more polished online presence. The property benefits from consistent demand driven by its location near Highway 101, the Oregon Dunes, and Tenmile Lake, but it has not yet been fully capitalized on from a revenue and branding standpoint.
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- Offering Memorandum
Property Facts
| Price | $6,000,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 58.15 AC |
| Cap Rate | 6.42% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1995 |
| Property Subtype | Trailer/Camper Park | ||
| Zoning | RR | ||
| Price | $6,000,000 |
| Sale Type | Investment |
| Cap Rate | 6.42% |
| Property Type | Specialty |
| Property Subtype | Trailer/Camper Park |
| Building Class | C |
| Lot Size | 58.15 AC |
| No. Stories | 1 |
| Year Built | 1995 |
| Zoning | RR |
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $57,370 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$57,370
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