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RV Park

Homestead RV Park

11 Rd 6432, Kirtland, NM 87417

Listing Price: $980,000

Cap Rate
9.40%
Number of Spaces
69
Lot Size
3.00 acres
Occupancy
50.0%
Price/Space
$14,203
Spaces/Acre
23.00
Year Built
2012

Investment Overview

Homestead RV Park is a 2012 built, 69-site park located in Kirtland, New Mexico. The sites are comprised of 29 pull through lot rents, 36 back-in lot rents, and four cabins. The property operates on city water and sewer with all utilities paid for by the ownership. Amenities include Wi-Fi, restrooms, showers, laundry facilities, dog park, and a gated perimeter. The property is 4.22 acres with approximately 1 acre undeveloped. The park is located along US Route 64 with over 250ft of highway frontage. US Route 64 is a major east-west highway that runs over 2,000 miles from New Mexico to North Carolina.
San Juan County has seen numerous development projects in the last year including:

October 2023: the San Juan Solar project breaks ground on $500 million solar facility which will supply 200 megawatts of clean energy to the Public Service Company of New Mexico

May 2024: Amazon purchases 6.5 acres of land in Farmington

January 2024: Calgon Carbon – the largest manufacturer of activated carbon in the world – acquires Benchmark Tank and Bloomfield Machine and Welding with plans to invest $94 million into the state over the next decade

Investment Highlights

  • 9.40% Day One Cap Rate
  • Operates on City Water and Sewer
  • Offered at Just Under $15,000 Per Site
  • Largest RV Park in Kirtland and Only Property with Showers, Restrooms, Laundry, and Dog Park

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

RV Park

Homestead RV Park

Listing Price: $980,000

Cap Rate
9.40%
Number of Spaces
69
Lot Size
3.00 acres
Occupancy
50.0%
Price/Space
$14,203
Spaces/Acre
23.00
Year Built
2012

Investment Highlights

  • 9.40% Day One Cap Rate
  • Operates on City Water and Sewer
  • Offered at Just Under $15,000 Per Site
  • Largest RV Park in Kirtland and Only Property with Showers, Restrooms, Laundry, and Dog Park

Investment Overview

Homestead RV Park is a 2012 built, 69-site park located in Kirtland, New Mexico. The sites are comprised of 29 pull through lot rents, 36 back-in lot rents, and four cabins. The property operates on city water and sewer with all utilities paid for by the ownership. Amenities include Wi-Fi, restrooms, showers, laundry facilities, dog park, and a gated perimeter. The property is 4.22 acres with approximately 1 acre undeveloped. The park is located along US Route 64 with over 250ft of highway frontage. US Route 64 is a major east-west highway that runs over 2,000 miles from New Mexico to North Carolina. San Juan County has seen numerous development projects in the last year including: • October 2023: the San Juan Solar project breaks ground on $500 million solar facility which will supply 200 megawatts of clean energy to the Public Service Company of New Mexico • May 2024: Amazon purchases 6.5 acres of land in Farmington • January 2024: Calgon Carbon – the largest manufacturer of activated carbon in the world – acquires Benchmark Tank and Bloomfield Machine and Welding with plans to invest $94 million into the state over the next decade

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

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