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    2116 Riverside Dr Espanola, NM 87532

    For Sale
    $6,000,000

    12-Acre, 62-Space Mobile Home Park

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    Exceptional investment opportunity: a well-established, 12.44-acre mobile home park in Espanola, NM, currently 100% occupied with a strong rental history. This family-owned property boasts 62 mobile home spaces (59 single, 3 double), a 2,100 sq ft, 3 bed/2 bath home with attached garage, a 3-bay shop, and a Quonset garage & shed. Each mobile home has individually metered utilities (gas, electric, sewer, water), and most include a park-owned storage shed. Significant capital improvements have been made over the years resulting in a well-maintained park. The property benefits from two private road accesses off Riverside Drive (Calle Rancho Viejo & Calle Valdez), excellent visibility, and a prime location in the heart of Espanola, surrounded by national retailers and restaurants. The property extends from Riverside Drive to the Ohkay Owingeh Tribal Lakes. The Acequia Del Llano runs through the property, and the associated water rights are included. Development potential exists on two of the seven parcels. This compelling investment is situated in a high-demand area with an average annual household income exceeding $101,000 within a 50-mile radius (Espanola, Los Alamos, Santa Fe), and a growing employment base due to proximity to Los Alamos National Labs. Financial information is available upon request.

    Property Features for 2116 Riverside Dr

    General Information

    Property type
    Mixed-use properties
    Lot Size
    541,886 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Dental Office Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Espanola
    County
    Rio Arriba
    State
    New Mexico
    Longitude
    -106.0645
    Latitude
    36.02456

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    FAQs

    What type of property is this?
    Mixed-use property - 12-Acre, 62-Space Mobile Home Park
    Where is this mixed-use property located?
    The property is located at 2116 Riverside Dr Espanola, NM.
    What is the asking price?
    The asking price for this property is $6,000,000.
    (505) 982-4466
    Request Owner's contact information
    2116 Riverside Dr Espanola, NM 87532
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    Espanola, NM 87532
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    Realmo Value Estimation

    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.

    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.

    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
    2116 Riverside Dr Espanola, NM 87532
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