Lake Murray RV Park

North Star Brokerage & Advisory is pleased to exclusively offer Lake Murray RV Park, a 55-unit long-term RV community situated on approximately 20 acres along US-70 in Ardmore, Oklahoma — seven miles from Lake Murray State Park, Oklahoma’s first and largest state park, and minutes from Interstate 35 at the midpoint of the Oklahoma City–Dallas corridor.

The property is a true value-add opportunity. It is currently owner-operated at approximately 49% physical occupancy with all utilities bundled into rent, no submetering, and several non-core assets that a new owner can monetize. In-place performance reflects a temporary occupancy trough rather than the asset’s earning power: 2025 produced roughly $92k of net operating income (a 9.2% cap rate at the asking price), while a conservatively stabilized pro forma supports materially higher income through utility bill-backs, lease-up, and operational professionalization.

The unit mix comprises 42 RV lots, 11 park-owned RVs, one single-family home, and one tiny-home cabin, with 100% of residents on long-term (30-day-plus) leases — insulating revenue from seasonal and nightly turnover. With below-market in-place economics, utilities currently bundled into rent, and roughly half the units yet to be leased, the property presents a new owner with multiple low-capital levers to grow NOI from day one.