RV Park
$1,600,000
$1,169,716
$1,169,716
The property
An RV park located on multiple parcels with a clubhouse, office, commercial kitchen, swimming pool, paved roads and parking areas, RV pads, patios, sidewalks, fencing, landscaping, and extensive utility infrastructure serving the park.
The study
Our engineers inspected the property and separated the buildings from the park’s extensive land improvements. Shorter-life assets included RV utility systems, asphalt roads and drives, concrete pads and sidewalks, brick pavers, landscaping, fencing, pool-related improvements, and selected equipment within the clubhouse and office.
The result
The study reclassified approximately $1.17 million into 5- and 15-year property. Nearly 68% of the total depreciable basis was assigned to 15-year land improvements, creating a substantial first-year depreciation opportunity under 100% bonus depreciation.