Investment Overview

Marcus & Millichap is pleased to present the exceptional RV park investment opportunity located at 595 N Valley Drive in Las Cruces, New Mexico. Situated on approximately 10.4 acres with an additional 2.2-acre parcel currently utilized for RV storage, this established 50+ adult community offers a compelling combination of stable in-place income and future upside. The property features city water and city sewer service, sub-metered electricity for monthly tenants, and 30/50-amp electrical service at every site. Water, sewer, and trash are included in rent, while approximately 60 percent of the resident base consists of long-term tenants, providing dependable occupancy and recurring revenue. The property has generated a trailing 12-month average monthly income of $57,321 and is offered with an attractive 8.28 percent incoming cap rate underwritten using an approximate 50 percent expense load. The community consists of 100 full hook-up RV sites set within a well-maintained and attractively landscaped environment. Residents enjoy desirable amenities including a clubhouse, pickleball court, private restrooms and showers, and high-speed internet. Further enhancing the investment opportunity are the park’s flexible daily, weekly, and monthly rental options. Additional revenue potential is available through utility reimbursement and expanded sub-metering. Located within the high-demand, low-velocity Las Cruces RV market, the property also benefits from excellent visibility along North Valley Drive, providing exposure to approximately 12,000 vehicles per day. Overall, the property’s operational advantages and strategic location near primary commercial corridors support sustained demand and long-term investment performance.