Mobile Home Park with Eight
For Sale
$235,000
1101 Clark Ave, Estancia, NM 87016
Eight-lot property includes five mobile homes with active titles and flexible acquisition options.
Property Size1,026 SF
Price / SF$229.04
Days on Market130
Property Features for 1101 Clark Ave
General Information
Standard status
Active
Size
1,026 SF
Building Details
Buildings
5
Listing Agency:
The Sanchez Group Realty
Listed By:
Brandon Sanchez · License #20197
(505) 720-4332
Source:
Myabqhomesearch
Added: Jun 6
Changed: Oct 1
Last Checked: Oct 12 at 8:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Sanchez Group Realty
Investment Insights
Based on property information with market context.
This mobile home park includes eight lots and five mobile homes, each supported by an active title. The property can be acquired as a complete eight-lot holding or as a smaller configuration consisting of two lots and one mobile home.
Located at 1101 Clark Ave in Estancia, New Mexico, the property is associated with a rental area serving wind farm employees.
Located at 1101 Clark Ave in Estancia, New Mexico, the property is associated with a rental area serving wind farm employees.
Key Highlights
- 8 lots with 5 mobile homes
- Mobile homes have active titles
- Available as all 8 lots or 2 lots with 1 mobile
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,829
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$156,580
$156.6K
Cap Rate 7%
$111,843
$111.8K
Cap Rate 9%
$86,989
$87.0K
Market Conditions
NOI Build-Up for 1,026 SF
Gross rent
$15.1K $14.76/SF
− Vacancy
−$909 −$0.89/SF
EGI
$14.2K $13.87/SF
− OpEx
−$6.4K −$6.24/SF
NOI
$7.8K $7.63/SF
Area
Torrance County, NM
Vacancy
6.00%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$156,580
Cap Rate 7%
$111,843
Cap Rate 9%
$86,989
Alternative Uses
Best Use
Apartment 5plus
$111.8K
$97.9K – $130.5K
NOI $7,829 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$208.6K
$182.5K – $243.3K
NOI $14,600 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 87016, NM
3,091
Population
1,390
Households
2.2
Avg Household Size
44
Median Age
11%
College-Educated
90%
High-School Grad
582.6 sq mi
ZIP Area
5
Density / Sq Mi
$44,129
Median Household Income
$30,879
Median Earnings
$823
Median Rent
$117,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Eight-lot property includes five mobile homes with active titles and flexible acquisition options.
Where is this mobile home & rv park located?
The property is located at 1101 Clark Ave Estancia, NM.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 8 lots with 5 mobile homes; Mobile homes have active titles; Available as all 8 lots or 2 lots with 1 mobile
