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    103 17Th St Lovington, NM 88260

    Sponsored
    For Sale
    $975,000

    Established RV Park, 45 spaces, expansion potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional investment opportunity presents a thriving RV park located at 103 S 17th Street, Lovington, New Mexico, 88260. The property encompasses approximately 5 acres of 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 establishing such infrastructure. The park's current success is further enhanced by the availability of an additional 20 acres of land directly behind the existing park, purchasable for an additional $250,000. This presents a unique opportunity for expansion and significant growth potential, allowing for a substantial increase in the number of RV spaces and associated revenue. The asking price for the existing 5-acre RV park with 45 spaces is $975,000. Owner financing is available, making this an even more attractive proposition for prospective buyers. This turnkey operation offers immediate income and the potential for substantial future returns. The property is classified as Special Purpose and is situated in Lea County, New Mexico. The coordinates are 32.9484489 latitude and -103.366099 longitude.

    Property Features for 103 17Th St

    General Information

    Property type
    Specialty properties

    HighLights

    • Asking price: $975,000.
    • Special purpose property: 45‑space RV park in Lovington, NM.
    • Located on 5 acres with an additional 20 acres available for $250,000.
    • City utilities.
    • Current rental income: $450/month per space.
    • Owner financing available.
    Property Profile 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
    -103.366099
    Latitude
    32.9484489

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    FAQs

    What type of property is this?
    Specialty property - Established RV Park, 45 spaces, expansion potential.
    Where is this specialty property located?
    The property is located at 103 17Th St Lovington, NM.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Asking price: $975,000.; Special purpose property: 45-space RV park in Lovington, NM.; Located on 5 acres with an additional 20 acres available for $250,000.
    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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