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 Market45
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
(505) 720-4332
Listed By:
Brandon Sanchez · License #20197
Source:
Myabqhomesearch
Added: Jul 15
Changed: Aug 28
Last Checked: Aug 25 at 7:14AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,829
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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
