746 Roosevelt Road R 1/2 Portales, NM 88130
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.