Active Listing Commercial · Business & Land · For Sale By Owner

Country Home Estates RV Park

18022 N Hogback Rd, Luther, OK 73054 · 16.288 Acres on the Route 66 / I-44 Corridor

Asking Price
$1,995,000
Pro-Forma Cap Rate
11.86%
Pro-Forma NOI
$236,582
Occupancy
100%
The Offering

A 100%-occupied, income-producing RV park on 16.288 acres of irreplaceable Route 66 land — 54 full-hookup sites minutes from Edmond and Oklahoma City.

Country Home Estates is an established long-term RV community set amidst mature shade trees, sandy loam, and open Oklahoma countryside. Built as a stable, low-turnover income asset, the park offers 54 large sites with electricity, water, and sewer connections — already configured for extended-stay tenancy rather than transient nightly churn.

Positioned between I-44 and historic Route 66, the property sits roughly 15 miles east of Edmond and 30 miles northeast of Oklahoma City, with Lake Arcadia just minutes away. A recently added onsite laundry facility, onsite park host, city utilities, and trash service round out a fully operational, hands-managed community offered directly by ownership.

Country Home Estates RV Park grounds
Property Highlights

Built for steady, long-term income

54 Full-Hookup Sites

Large, private, spaced-out lots with electricity, water, and sewer at every site — 100% occupied.

16.288 Acres on Route 66

Irreplaceable location between I-44 and Route 66 in the historic town of Luther.

Onsite Laundry Facility

Recently launched ancillary-revenue amenity that strengthens tenant retention.

Onsite Park Host

Active, hands-on management already in place for day-to-day operations.

City Utilities & Trash

City utilities, trash pickup, and yard maintenance all in place and operating.

For Sale By Owner

Offered directly by 724 Enterprises, LLC — owner/user investment opportunity.

Property Details

The numbers, at a glance

APNR125611000
Sub TypeCommercial
Units54
Pro-Forma Cap Rate11.86%
Price Per Acre$122,790
ClassB
Acreage16.288 ac
Parking Spaces54 spaces
Occupancy Date10/07/2025
Sale ConditionFor Sale By Owner
Property TypeBusiness for Sale, Land
Occupancy100%
Pro-Forma NOI$236,582
Broker Co-OpNo
Buildings1
ZoningMF-4 (Mobile Home Park)
Investment TypeOwner/User
Ownership724 Enterprises, LLC
Park Site Plan Country Home Estates RV Park site plan with numbered lots
The Asset At A Glance

54 income units you can count on the map

Every numbered pad on the site plan is a leasable, full-hookup unit — and all 54 are occupied. The layout is already built out and operating, so there's no entitlement risk or ground-up construction between you and rent collection. Generous spacing and mature shade make the sites genuinely desirable for the long-term tenants who keep occupancy at 100%.

54 leasable sites 100% occupied Full hookups per site Onsite office & host
Investment Thesis

Why this property pencils out

01

Fully occupied, recurring income

100% occupancy across 54 long-term sites produces predictable monthly income with far lower turnover and marketing cost than nightly transient parks.

02

Strong in-place yield

An 11.86% pro-forma cap rate on $236,582 NOI — a return profile that's difficult to find in metro-adjacent commercial real estate.

03

Operating asset, not a project

Fully built and managed. Utilities, onsite host, laundry, and trash service are all already running and producing.

04

Location with a moat

Route 66 / I-44 corridor between Edmond and OKC — a metro-adjacent rural location that is difficult to replicate.

Utility structure: sites include a 1,000 kWh electrical allowance (covering roughly $140 of guest electric) under the park-paid utility model.  Full rent roll, P&L, and offering documents are available to qualified buyers on request.
Location & Connectivity

Metro-adjacent, country-quiet

  • Edmond, OK~15 mi
  • Oklahoma City~30 mi
  • Lake ArcadiaMinutes
  • Downtown LutherWalkable
  • Dollar General & grocery~1 mi
  • Booker T. Washington Park trailWalkable

Address:
18022 N Hogback Rd, Luther, OK 73054

Request Information

Interested in Country Home Estates?

Request the full offering package, rent roll, and P&L — or schedule a private tour of the property with Branch Realty.

Inquire about this listing

Branch Realty · Your North Texas Real Estate Specialist

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