Property summary
This exceptional investment opportunity presents a 35-unit Class B mobile home park in Artesia, New Mexico, boasting an 8.25% cap rate. Currently operating at 26.5% vacancy, this property offers significant upside potential for increased revenue through lease-up. Projected to increase effective gross income from $199,000 to $316,000 within five years, this park presents a compelling return on investment with a projected 27.1% IRR by year five. Located on 5+ acres, the park includes a… single-family residence ideal for on-site management or rental. The property benefits from its location in a rapidly growing market, experiencing a 15.8% growth rate in 2023, driven by robust economic activity in oil and gas, potash mining, nuclear storage, and tourism. This translates to a strong demand for affordable housing, ensuring quick tenant acquisition and long-term rental income growth. The park is serviced by Excel Energy for electricity, a septic system, and municipal water. The property's expenses have been normalized to reflect standard park operations, excluding owner-related expenditures. The average home sales price in nearby Carlsbad, NM, is $310,000, up 20% year-over-year, further highlighting the area's economic strength and the property's investment potential. This is a rare opportunity to acquire a well-positioned asset in a thriving market with substantial room for growth. The asking price is $1,700,000.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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