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    746 Roosevelt Road R 1/2 Portales, NM 88130

    For Sale
    $454,000

    Profitable RV Park with 20 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a fully operational RV and mobile home park situated on 20 acres in Portales, New Mexico, zip code 88130. The property boasts 22 fully equipped RV/MH spots, each featuring water, sewer, and high-speed fiber optic internet access. Landscaping includes mature trees and yard lighting throughout the park for a welcoming atmosphere. Tenant convenience is ensured with a shared dumpster. Two existing mobile homes, currently generating $1,200 per month in rental income, are included in the sale. The infrastructure includes four 1800-gallon septic systems, access to county coop water, and a brand-new water well, ensuring reliable service. Ten acres are developed for RV/MH use, while an additional 10 acres provide ample space for horse stalls and grazing, offering further development potential. This newly constructed park, built by LGT Construction, presents a turnkey investment with strong existing income and significant upside. The property is located at 746 S Roosevelt Rd R 1/2 Road, Portales, NM. Asking price is $454,000. This is a rare opportunity to acquire a well-established and profitable special purpose property in a desirable location.

    Property Features for 746 Roosevelt Road R 1/2

    General Information

    Property type
    Specialty properties

    HighLights

    • Exceptional investment opportunity: 20‑acre RV & mobile home park in Portales, NM (88130).
    • 22 RV/MH sites with water, sewer, and high‑speed internet; mature landscaping & shared dumpster.
    • Two mobile homes generate $1,200/month rental income.
    • Strong infrastructure: four 1800‑gallon septic systems, county coop water, and new water well.
    • 10 acres developed, 10 acres for future development (horse stalls, grazing).
    • Turnkey operation; asking price $454,000; located at 746 S Roosevelt Rd R 1/2 Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Portales
    County
    Roosevelt
    State
    New Mexico
    Longitude
    -103.3452712
    Latitude
    34.1503318

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    FAQs

    What type of property is this?
    Specialty property - Profitable RV Park with 20 Acres
    Where is this specialty property located?
    The property is located at 746 Roosevelt Road R 1/2 Portales, NM.
    What is the asking price?
    The asking price for this property is $454,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: 20-acre RV & mobile home park in Portales, NM (88130).; 22 RV/MH sites with water, sewer, and high-speed internet; mature landscaping & shared dumpster.; Two mobile homes generate $1,200/month rental income.
    Request Owner's contact information
    746 Roosevelt Road R 1/2 Portales, NM 88130
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    Portales, NM 88130
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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
    746 Roosevelt Road R 1/2 Portales, NM 88130
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