Chandler Specialty for Sale - Lincoln County
Oak Glen RV & Mobile Home Park – Historic Route 66 Investment Opportunity
Introducing Oak Glen RV & Mobile Home Park, an exceptional cash-flowing investment situated along Historic Route 66 in Chandler, Oklahoma — perfectly positioned to benefit from the Route 66 Centennial celebrations and infrastructure funding. This highly desirable property spans 40.8 acres and includes 90 RV pads and 24 mobile home pads, offering a total of 115 income-producing units.
Originally built in 1983 and refreshed and expanded in 2025, Oak Glen blends modern amenities with the nostalgic charm of America’s most iconic highway. The property is largely occupied, generating a current Net Operating Income (NOI) of $324,996, with a pro forma NOI of $460,636. This provides investors with an impressive 9.29% current cap rate and an anticipated 13.16% cap rate based on conservative income projections. The park’s current valuation of $3,500,000 translates to an attractive $30,435 per unit — well below replacement cost for stabilized parks of this quality.
Highlights & Features:
115 total units: 90 RV pads and 24 mobile home pads, including 9 park-owned homes
Full renovation completed in 2025, including infrastructure, clubhouse, and amenities
Modern guest facilities: coin laundry, coffee bar, and free Wi-Fi
Outdoor amenities: covered pavilion, playground, and a storm cellar accommodating up to 30 people
Strong utility setup with Chandler Water, OG&E electric, and ONG gas
Excellent highway visibility and access — positioned directly along Route 66 with proximity to I-44 between Oklahoma City and Tulsa
Oak Glen benefits from a high-visibility position along Historic Route 66 and just off Interstate 44, connecting Oklahoma City and Tulsa — two of the state’s most powerful economic hubs. This corridor is poised for significant growth as tourism and commercial traffic surge during the Route 66 Centennial improvements and infrastructure funding initiatives.
A major regional catalyst is the new Harrah’s Oklahoma Casino, currently under construction by the Iowa Tribe of Oklahoma in partnership with Caesars Entertainment, located just minutes from Oak Glen. This two-phase project will introduce a 1,000-slot casino, table games, multiple dining options, and a full-service hotel and resort by spring 2026. Once operational, the resort is expected to attract thousands of visitors annually, creating new employment opportunities and boosting demand for long-term and short-term accommodations across the Chandler area.
Oak Glen’s convenient highway access and existing allocation for nightly guests position it perfectly to capture overflow lodging demand from casino staff, contractors, and visitors, while benefiting from the increased property visibility and traffic flow along both Route 66 experiencing a centennial this year and I-44. This convergence of tourism, employment growth, and infrastructure enhancement cements Oak Glen’s standing as a prime investment with sustainable appreciation potential in the heart of Oklahoma’s most historic travel corridor.
Financial Overview:
Price: $3,500,000
Current NOI: $324,996
Pro Forma NOI: $460,636
Cap Rate: 9.29% (current) | 13.16% (pro forma)
Occupancy: 73%
Acreage: 40.8 acres
Oak Glen RV & Mobile Home Park stands as one of the most compelling stabilized investment opportunities in the Oklahoma RV and MHP sector — a perfect blend of historic location, strong financials, and modern operation.
