The Oaks on 37 Tiny Homes & RV Resort
For sale1080 TX-37, Mt Vernon, TX 75457
Property type
Mobile Home Park
Price
Subject to Offer
Building size
Year built
2024
Year renovated
Occupancy
74%
Zoning code
Lot size
1,014,076.8 SF
Property description
The Oaks on 37 Tiny Homes & RV Resort is a newly developed, 123-site RV and tiny home community located at 1080 TX-37 in Mount Vernon, Texas, immediately off Interstate 30. Delivered in 2024 on approximately 23.28 acres, the property consists of 90 full-hookup RV sites and 33 tenant-owned tiny home sites, with nine park-owned RVs operated as rental units. The community features oversized concrete RV pads, concrete internal roadways, city water and sewer service, tenant-paid electricity, and a comprehensive amenity package including a swimming pool, 24-hour clubhouse, fitness center, pickleball courts, outdoor amphitheater, dog park, on-site laundry, and property-wide fiber Wi-Fi. Positioned at the Interstate 30 and State Highway 37 interchange, the property benefits from multiple sources of demand, including interstate travelers, extended-stay industrial and project-based workers, long-term tiny home residents, and recreational visitors drawn to Lake Cypress Springs and Lake Bob Sandlin. The surrounding I-30 corridor also supports a substantial manufacturing, food processing, logistics, and healthcare employment base. The property's demand outlook is further supported by significant regional investment in energy and technology infrastructure. GeoFrame Energy, in partnership with Halliburton, is advancing a direct lithium extraction project near Mount Vernon expected to create approximately 120 local jobs, while the 1,310-megawatt Samson Solar Energy Center is now operational across Franklin, Lamar, and Red River Counties. In nearby Sulphur Springs, the planned 3.0-gigawatt Matrix Data Center Campus is being developed to support artificial intelligence, high-performance computing, and cloud infrastructure. Together with the property's strategic location, demonstrated lease-up momentum, and diversified RV and tiny home income profile, these demand drivers provide additional runway for occupancy and NOI growth as the recently developed asset continues toward stabilization.
Property highlights
- NEWLY DEVELOPED, HIGH-QUALITY 2024 ASSETPurpose-built in 2024, the 123-unit community features concrete RV sites and roadways, modern infrastructure, and a comprehensive resort-style amenity package with limited near-term capital needs.
- STRATEGIC I-30 / STATE HIGHWAY 37 LOCATIONLocated immediately off Interstate 30 at State Highway 37, the property is positioned to capture transient traffic, extended-stay workforce demand, and recreational demand tied to nearby Lake Cypress Springs and Lake Bob Sandlin.
- DEMONSTRATED LEASE-UP MOMENTUMEconomic occupancy has continued to improve as the recently developed property matures, reaching approximately 74% currently with additional runway toward stabilization.
- DIVERSIFIED RV AND TINY HOME INCOME PROFILEThe property combines 90 full-hookup RV sites with 33 tenant-owned tiny home sites, creating complementary short-, extended- and long-term revenue streams. Nine park-owned RVs provide an additional source of rental income within the existing RV inventory.
- MUNICIPAL UTILITIES AND HIGH-QUALITY INFRASTRUCTUREThe property benefits from city water and sewer service, tenant-paid electric, concrete RV pads, and concrete internal roadways, reducing reliance on private utility infrastructure and supporting efficient long-term operations.
- REGIONAL ENERGY & TECHNOLOGY DEVELOPMENTFranklin County is positioned within the developing East Texas lithium corridor, while significant solar investment and the planned $18.7 billion Matrix Data Center Campus in nearby Sulphur Springs are driving additional construction, workforce, and technology investment across the region.