Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2300 Main St Lovington, NM 88260

    • Commercial real estate
    For Sale
    View listing
    $350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2300 Main St

    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a thriving 24-space RV park located at 2300 S Main Street in Lovington, New Mexico. Currently operating at full capacity, each space generates a monthly rental income of $400, providing a substantial and consistent revenue stream. The park is conveniently situated and connected to city utilities, ensuring reliable service for all occupants. This turnkey operation requires minimal ongoing maintenance, making it an ideal investment for passive income seekers. The property itself is situated on a lot with no acreage specified. The asking price for this established and profitable business is $350,000. Financial records are available upon request to qualified buyers to verify the current income and expenses. This represents a rare chance to acquire a well-established, income-producing asset in a desirable location. The strong rental demand and established infrastructure make this RV park a low-risk, high-reward investment opportunity. Serious inquiries only. Don't miss this chance to own a profitable and established business in the thriving community of Lovington, NM. Contact us today to schedule a viewing and explore the potential of this lucrative investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lovington
    County
    Lea
    State
    New Mexico
    Longitude
    -103.345
    Latitude
    32.9268

    Comparable in this City

    • Value Estimation by Request
      10.00 Acres

      315 Avenue R

      Land • 10.00 Acres
      315 Avenue R, Lovington, NM 88260
      View Details
    • Value Estimation by Request
      1,200 SF

      201 Ave A St

      Commercial real estate • 1,200 SF
      201 Ave A St, Lovington, NM 88260
      View Details
    • Value Estimation by Request

      1411 Main St

      Land
      1411 Main St, Lovington, NM 88260
      View Details
    • Value Estimation by Request
      10,567 SF

      714 East St

      Commercial real estate • 10,567 SF
      714 East St, Lovington, NM 88260
      View Details
    • Value Estimation by Request
      30.00 Acres

      1400 Tatum Hwy

      Farms • 30.00 Acres
      1400 Tatum Hwy, Lovington, NM 88260
      View Details
    • Value Estimation by Request

      911 Main Ave

      Commercial real estate
      911 Main Ave, Lovington, NM 88260
      View Details

    Similar Nearby for Sale

    • $180,000
      1,250 SF

      Lovington Commercial Building - Prime Location

      Versatile Commercial Space, Great Location, Ample Parking
      1021 Main Cor, Lovington, NM 88260
      View Details
    • $280,000
      1,500 SF

      Lovington Commercial Office Building

      Downtown Lovington, Move-In Ready Office
      220 Main St, Lovington, NM 88260
      View Details
    • $900,000
      10.00 Acres

      Lovington Commercial Property - 10 Acres

      Spacious Shop & RV Hookups - Excellent Investment
      315 Avenue R, Lovington, NM 88260
      View Details
    • $160,000

      Lovington Commercial Land Opportunity

      Prime 3,750 SF Commercial Lot
      1411 Main St, Lovington, NM 88260
      View Details
    • $900,000

      Lovington RV Park Investment Opportunity

      Established RV Park, 45 Spaces, Expansion Potential
      103 17Th St, Lovington, NM 88260
      View Details
    • $350,000

      Lovington RV Park Investment

      24-Space RV Park, High Income Potential
      2300 Main St, Lovington, NM 88260
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      28,353 SF

      Lovington Retail Center - 5 Suites Available

      Prime Lea County retail space, multiple suites available.
      900 Avenue D, Lovington, NM 88260
      View Details
    • $11 SF/Yr
      1,100 SF

      Retail Space in Lovington, NM

      Retail space available for lease in Lovington, New Mexico.
      402 S 9Th St, Lovington, NM 88260
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2300 Main St
    Lovington, NM 88260
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.