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$ 1,400,000
Est. payment | /mo
$ 1,400,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type RV Park
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20242903
Annual Tax Amount $11,499
Tax Year 2023
Property Sub-Type RV Park
Property Description
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.
Location
State NM
County Lea County
Area New Mexico Mls
Listed by FOUND REAL ESTATE
Mindy Longmire
Owner/Qualifying Broker | License ID: NM19417
+1(575) 626-5411 | mindy@dynamicpropertiesofnm.com