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    Caballo, NM
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    Caballo, NM Residential Income Properties for Sale

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    Truth Or Consequences, NM Garfield, NM Elephant Butte, NM
    RV Park and Store
    $475,000
    2.50 Acres
    RV Park and Store

    14422 Highway 187, Caballo, NM 87931

    RV park and store near Caballo Lake with income potential.
    • Established RV park with 14 full hookup spots and 4 dry dock storage spaces.
    • Includes a store with walk‑in coolers, bathroom, refrigerated air, central heating, and conversion potential.
    • Features a mobile home suitable for living or renting, with upgraded yards.
    • Located minutes from Caballo Lake and close to other recreational areas.
    • Property includes 2 carports and sits on over 2 acres with numerous trees and a drip system.
    Updated: Dec 12, 2025
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Caballo, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Las Cruces Multifamily Investment Property
    $800,000
    2.71 Acres
    Las Cruces Multifamily Investment Property

    Five income-producing units on 2.71 acres in Las Cruces.

    311 Hurt Road, Las Cruces, NM 88007

    View details
    Corner Lot Development Opportunity
    $269,000
    4,000 SF
    Corner Lot Development Opportunity

    1.5-acre corner lot with flexible zoning and development potential.

    865 Tres Amigos Road, Las Cruces, NM 88007

    View details
    Hoosier Hot Springs Historic District
    $2,279,000
    5,528 SF
    Hoosier Hot Springs Historic District

    Historic district property with hot springs, inn, and residences.

    516 Austin St, Truth Or Consequences, NM

    View details
    Hoosier Hot Springs & Inn
    $2,279,000
    5,528 SF
    Hoosier Hot Springs & Inn

    Historic hot springs and inn with short and long-term rentals.

    516 Austin St, Truth Or Consequences, NM 87901

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Multi-Use Property in Garfield, NM
    $140,000
    1.20 Acres
    Multi-Use Property in Garfield, NM

    Versatile property suitable for residential, multi-family, and commercial use.

    8835 Highway 187, Garfield, NM 87936

    View details
    Elephant Butte Land For Sale
    $35,000
    1.42 Acres
    Elephant Butte Land For Sale

    1.42 acre lot near marinas and golf course.

    603 Pinto Trail, Elephant Butte, NM 87935

    View details
    San Lorenzo Land with Views
    $32,000
    4.60 Acres
    San Lorenzo Land with Views

    4.6-acre lot with stunning views in Noonday Heights Subdivision.

    7x San Tomas Road, San Lorenzo, NM 88041

    View details
    Mimbres Land with Mountain Views
    $134,900
    21.58 Acres
    Mimbres Land with Mountain Views

    21.58 acres in Mimbres with utilities and cabin.

    324 Caballo Blanco, Mimbres, NM 88049

    View details

    Caballo, NM Residential Income Properties Market Trends and Statistics

    Explore 1 residential income properties for sale in Caballo, NM on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $475,000.

    Sale prices for residential income properties in Caballo, NM start at $475,000, averaging $475,000, and reaching up to $475,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Mobile home & RV parks 1
    Multifamily properties 1

    Demographics Overview

    Population 512
    Population Growth (5Y) -33.3%
    College Educated 41.4%

    High-Yield Neighborhoods for Investment

    Identify Caballo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    87931 $475K

    Listings Trend

    New vs delisted commercial listings in Sierra County

    New Delisted

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