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    FOR SALE
    Mobile home & RV parks

    103 S 17Th St, Lovington, NM 88260

    Property ID
    US61-0589616
    Property summary
    AI-generated overview

    Energy Plex RV Park is a 45-site RV community located in Lovington, New Mexico, in the heart of the Permian Basin oil and gas region. The property benefits from city utilities, simple operations, and strong demand from long-term tenants working in the regional energy industry. The park currently generates approximately $270,000 in annual gross revenue with an estimated NOI of approximately $202,355, creating a highly attractive ~14.45% cap rate at the $1.4M asking price. Average rents are approximately $600 per site, providing stable income with potential upside through gradual rent optimization. Energy Plex operates with city water, sewer, and utilities, reducing operational complexity and improving long-term investment stability. In addition to the existing park, an additional 20 acres of adjacent land is available for purchase for $500,000, creating a significant opportunity for future RV site expansion or additional workforce housing development. Owner financing is available, providing flexible acquisition options for qualified investors. Energy Plex RV Park represents a compelling opportunity for investors seeking strong cash flow in one of the most active energy regions in the United States.

    Property profile
    Verified
    Property type Mobile home & RV parks
    UPID US61-0589616
    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
    Current use
    Occupant on record · Public records
    • EnergyPlex RV Park Campground & RV Park
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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