RV Park

Bud's Place RV Park

900 Standpipe Rd, Carlsbad, NM 88220

Listing Price: $6,500,000

Cap Rate
10.52%
Number of Spaces
127
Lot Size
22.28 acres
Price/Space
$51,181
Spaces/Acre
5.70
Year Built
2017

Investment Overview

Buds Place RV Park was constructed between 2017 and 2019 and consists of 91 RV pads, 16 cabins, and 20 mobile home pads. The owner completed construction and leased up 91 RV pads at the end of 2018. The 16 cabins construction is projected to be completed and occupied by October of 2019.

There are 20 mobile home pads that are currently under construction and will be completed prior to a new owner taking over. The owner currently has a waiting list of customers who would be willing to rent, or purchase park model homes and the current advertised lot rent is $1000.

Buds RV park is one of the few parks in Carlsbad that has public utilities. In addition, Buds place is in a favorable location regarding electricity billing and enjoys some of the lowest utility costs in Carlsbad.

The park is conveniently located close to area employment, retail, and attractions and is regarded locally as having the best location for an RV park in Carlsbad. The park is located 15 minutes from Carlsbad Caverns and has luxury-style bathrooms, laundry room, and stocked fishing pond for its customers to enjoy.

Investment Highlights

  • New Construction (Built in 2017), One of Few RV Parks in Carlsbad with Low Rates
  • All Long-Pull Thru Sites with 50 Amps and Full Hookups
  • Amenities Include a Stocked Fishing Pond, Luxury-Style Bathrooms and Laundry Room
  • 20 Recently Constructed Mobile Home Sites
  • Brand New 1 Br Site-Built Cabins with Kitchenette and Full Bathroom

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    License(s): NM: 19583

    New Mexico

Listing Price: $6,500,000

Cap Rate
10.52%
Number of Spaces
127
Lot Size
22.28 acres
Price/Space
$51,181
Spaces/Acre
5.70
Year Built
2017

Investment Highlights

  • New Construction (Built in 2017), One of Few RV Parks in Carlsbad with Low Rates
  • All Long-Pull Thru Sites with 50 Amps and Full Hookups
  • Amenities Include a Stocked Fishing Pond, Luxury-Style Bathrooms and Laundry Room
  • 20 Recently Constructed Mobile Home Sites
  • Brand New 1 Br Site-Built Cabins with Kitchenette and Full Bathroom

Investment Overview

Buds Place RV Park was constructed between 2017 and 2019 and consists of 91 RV pads, 16 cabins, and 20 mobile home pads. The owner completed construction and leased up 91 RV pads at the end of 2018. The 16 cabins construction is projected to be completed and occupied by October of 2019.

There are 20 mobile home pads that are currently under construction and will be completed prior to a new owner taking over. The owner currently has a waiting list of customers who would be willing to rent, or purchase park model homes and the current advertised lot rent is $1000.

Buds RV park is one of the few parks in Carlsbad that has public utilities. In addition, Buds place is in a favorable location regarding electricity billing and enjoys some of the lowest utility costs in Carlsbad.

The park is conveniently located close to area employment, retail, and attractions and is regarded locally as having the best location for an RV park in Carlsbad. The park is located 15 minutes from Carlsbad Caverns and has luxury-style bathrooms, laundry room, and stocked fishing pond for its customers to enjoy.

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    License(s): NM: 19583

    New Mexico

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