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OFF-MARKET
Specialty properties

746 Roosevelt Road R 1/2 Portales, NM 88130

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Property summary
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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 profile
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Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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