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    103 17Th St Lovington, NM 88260

    For Sale
    $900,000

    Established RV Park, 45 Spaces, Expansion Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional investment opportunity presents a thriving RV park located at 103 S 17th Street, Lovington, NM. The property encompasses approximately 5 acres of developed land, currently hosting 45 RV spaces, each generating a monthly rental income of $450. This translates to a substantial existing revenue stream. A significant advantage is the property's connection to city utilities, eliminating the complexities and costs often associated with rural utility infrastructure. The current setup offers a turnkey operation, ideal for an immediate return on investment. However, the true potential lies in the expansive 20-acre parcel located directly behind the existing park. This substantial acreage provides ample room for significant expansion, allowing for the addition of more RV spaces, amenities, or other complementary businesses. The strategic location in Lovington, NM, offers access to local amenities and attractions, further enhancing the appeal to potential RV park residents. This is a rare chance to acquire a well-established, income-producing property with considerable growth potential. The asking price for this turnkey operation is $900,000. This represents a compelling investment opportunity in a growing market. Serious inquiries are encouraged.

    Property Features for 103 17Th St

    General Information

    Property type
    Other commercial real estate
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    EnergyPlex RV Park Rv Park

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lovington
    County
    Lea
    State
    New Mexico
    Longitude
    -103.3664
    Latitude
    32.948

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    FAQs

    What type of property is this?
    Commercial real estate - Established RV Park, 45 Spaces, Expansion Potential
    Where is this commercial real estate located?
    The property is located at 103 17Th St Lovington, NM.
    What is the asking price?
    The asking price for this property is $900,000.
    (575) 942-2000
    Request Owner's contact information
    103 17Th St Lovington, NM 88260
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    Lovington, NM 88260
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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
    103 17Th St Lovington, NM 88260
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