3171 W North Ave - Primeaux Family RV Park 1,403 SF Specialty Building Offered at $650,000 at a 10.01% Cap Rate in Ponca City, OK 74601

This offering represents a unique opportunity to acquire an RV park in Ponca City, Oklahoma, at a compelling basis well below replacement cost. Priced at approximately $15,476 per site, this property allows investors to avoid the significant capital and permitting requirements associated with new development while entering the market with established infrastructure in place. Current occupancy stands near 19%, creating meaningful upside potential through improved management, marketing, and operational enhancements.
Revenue growth opportunities extend beyond occupancy stabilization. Current monthly site rents of $375 plus electric position the park for incremental rent increases over time. Existing infrastructure—including municipal water and electric service, individual electric metering, wastewater lagoon system, and free municipal Wi-Fi—supports streamlined operations and reduces expense exposure. Additional acreage provides room for phased expansion, enabling investors to maximize site count and long-term revenue potential.
Moreover, the property can capitalize on Ponca City’s connectivity at the junction of US-77 and US-60, facilitating consistent RV travel and workforce housing demand. The city serves as Kay County’s economic hub, anchored by Phillips 66’s major refinery, local manufacturing, and agricultural sectors—all key drivers of temporary housing needs. Coupled with tourism, cultural attractions, and proximity to Kaw Lake, this asset is positioned to capture both leisure and extended-stay demand. Operational improvements and ancillary income opportunities such as laundry, storage, and premium sites further enhance the investment proposition.