Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    754A S Roosevelt Rd Q Portales, NM 88130

    View on Map
    For Sale
    $141,000

    MULTI_FAMILY - Portales, NM

    Property size:
    1,024 SF
    Lot size:
    2.52 Acres
    Added:
    Aug 29, 2025
    Days on Market:
    216
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 754A S Roosevelt Rd Q

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking features
    RV
    Fencing
    Fenced
    Appliances
    Dryer, Free-Standing Range, Refrigerator, Washer
    Standard status
    Active
    APN
    400000000141670
    Size
    1,024 SF
    Lot size
    2.52 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    S: 12 T: 2S R: 34E TRACT BEG 2412.52'N OF SE COR. THENCE W249.77' W314.78' NWLY-CURVE337.05' E860.68' S170.81' TO POB. 2.524 ACRES.
    TaxAnnualAmount
    996

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Laminate

    We can help!

    Listing Contact
    Michael Terry
    Michael Terry

    Listing agent Michael Terry License #REC-2022-1245

    Listing office Buena Vista Realty 521 W 2nd St, Portales, NM

    Listing date Aug 29, 2025

    MLS# 20254989 Listing URL

    Copyright © 2026 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Acreage with Two Homes, Stalls

    This 2.524-acre property, located near Portales and Eastern New Mexico University (ENMU), includes two single-wide mobile homes. Home A features 2 bedrooms and 2 bathrooms, while Home B offers 2 bedrooms and 1 bathroom. Both homes are equipped with central air conditioning. Equestrian and livestock provisions include eight 45' x 15' covered stalls suitable for horses or other livestock. There is ample space available to add an arena or riding area. The property also features a full RV/travel trailer hookup. Convenient blacktop road access is available. The property's proximity to ENMU presents investment or rental potential. This multi-use property offers functionality, location, and value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Pharmacy Gym & Fitness Center Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portales
    County
    Roosevelt
    State
    New Mexico
    Longitude
    -103.31865
    Latitude
    34.148638

    Nearby Similar for Sale

    • $495,000

      Eight-Door Apartment Complex in Portales

      Eight-unit apartment complex with storage, expansion potential, and owner financing.
      1515 W 18th Street, Portales, NM 88130
      View Details
    • $812,500

      Productive Farm with Irrigated Cropland

      Versatile farm featuring irrigated cropland, dryland, and grassland.
      2675 S Roosevelt Road 3, Portales, NM 88130
      View Details
    • $496,000
      6,589 SF

      Former Bank Building For Sale

      Former bank building suitable for office or retail conversion.
      400 W 1st St, Portales, NM
      View Details
    • $87,500
      1,428 SF

      Portales Multifamily Investment Opportunity

      Multifamily property in Portales, NM, ideal for investment.
      113 & 115.5 E 5th Street, Portales, NM 88130
      View Details
    • $102,515

      Portales Multifamily Property For Sale

      Multifamily property in Portales, NM, ideal for residential income.
      121-123 N E Avenue, Portales, NM 88130
      View Details
    • $450,000
      6,300 SF

      Portales Multifamily Investment Opportunity

      Three duplexes near ENMU campus, fully remodeled and occupied.
      501 S Avenue G, Portales, NM 88130
      View Details
    • $299,000
      1,300 SF

      Former Sonic Drive-In For Sale

      Well-positioned drive-in restaurant with infrastructure ready for occupancy.
      304 N Chicago Ave, Portales, NM
      View Details
    • $300,000
      3,745 SF

      Updated Office Building in Portales

      Visible office building with ample parking and flexible spaces.
      620 W 1st Street, Portales, NM 88130
      View Details
    • $250,000
      4,130 SF

      Versatile Commercial Space in Portales

      4,130 SF commercial property in central Portales location.
      212 W 1st Street, Portales, NM 88130
      View Details
    • $275,000
      2,376 SF

      Remodeled Commercial Building with Drive-Up

      Remodeled commercial building with drive-up window in Portales, NM.
      201 S Abilene Avenue, Portales, NM 88101
      View Details
    • $195,000
      2,960 SF

      Portales Multi-Use Building For Sale

      Multi-use building in high-traffic location with on-site parking.
      1429 S Ave. D, Portales, NM 88130
      View Details
    • $260,000
      6,000 SF

      Main Street Commercial Building For Sale

      6000 sq ft commercial building in downtown Portales, NM.
      109 S Main Avenue, Portales, NM 88130
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - 2.524-acre property near Portales with two homes and covered stalls.
    Where is this mobile home & rv park located?
    The property is located at 754A S Roosevelt Rd Q Portales, NM.
    What is the asking price?
    The asking price for this property is $141,000.
    What are key features of this property?
    This property features: Two Homes Included: Great for rental income or multi‑generational living.; Equestrian/Livestock Ready: Featuring eight covered stalls and space for an arena.; Convenient Location: Close to Portales and Eastern New Mexico University (ENMU).
    (575) 760-5291
    We can help!
    Listing Contact
    Michael Terry
    Michael Terry
    Real Estate License ID: REC-2022-1245
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!