RV Park Cap Rates in New Mexico
Real capitalization rate data from 78 parks across New Mexico. Understand what the market is actually returning before you write a check.
What This Means for Investors
New Mexico is priced like a primary market. An average cap rate of 6.5% reflects compressed pricing — buyers are paying for stability, brand, or location certainty, not yield. This isn't necessarily a red flag, but it does mean you're betting on appreciation and rent growth more than current cash flow.
If you want to win in New Mexico, you need to either buy before the market knows it's for sale, or bring operational improvement that creates NOI post-close. The range of 0.7%–12.7% shows there are still pockets with real yield — city-level data below will help you find them.
With data spread across 43 cities, New Mexico offers enough geographic diversity to be selective. The city breakdown below shows where the cap rate compression is worst and where pockets of yield still exist.
At an average estimated value of $5,661,987, most New Mexico parks are in reach for individual investors or small syndicates — this isn't a market dominated exclusively by institutional buyers.
Cap Rates by City — New Mexico
| City | Avg Cap Rate | Parks | Avg Valuation |
|---|---|---|---|
| Carlsbad | 5.0% | 10 | $11,299,500 |
| Albuquerque | 8.0% | 8 | $7,846,875 |
| Chama | 7.1% | 4 | $2,120,000 |
| Roswell | 8.3% | 3 | $2,791,667 |
| Bloomfield | 7.9% | 3 | $3,186,667 |
| Farmington | 7.3% | 3 | $20,216,667 |
| Clovis | 6.3% | 3 | $2,470,000 |
| Moriarty | 9.4% | 2 | $1,650,000 |
| Silver City | 7.3% | 2 | $585,000 |
| Santa Rosa | 6.6% | 2 | $1,227,500 |
| Kirtland | 6.3% | 2 | $2,237,500 |
| Jal | 6.2% | 2 | $405,000 |
| Truth or Consequences | 4.7% | 2 | $2,750,000 |
| Chaves County | 4.5% | 2 | $1,595,000 |
| Ruidoso | 3.9% | 2 | $5,840,000 |
| Angel Fire | 11.9% | 1 | $7,650,000 |
| Belen | 11.1% | 1 | $2,145,000 |
| Aztec | 9.0% | 1 | $1,760,000 |
| Lordsburg | 7.9% | 1 | $720,000 |
| Socorro | 7.9% | 1 | $765,000 |
| Gallup | 7.8% | 1 | $10,050,000 |
| Lovington | 7.8% | 1 | $1,650,000 |
| Mayhill | 7.8% | 1 | $3,300,000 |
| Orogrande | 7.3% | 1 | $900,000 |
| Whites City | 7.3% | 1 | $3,300,000 |
| Santa Fe | 6.8% | 1 | $5,390,000 |
| Artesia | 6.4% | 1 | $4,950,000 |
| Cedar Crest | 6.4% | 1 | $4,785,000 |
| Las Cruces | 6.4% | 1 | $3,960,000 |
| Milan | 6.3% | 1 | $3,850,000 |
| Anthony | 6.2% | 1 | $5,335,000 |
| Capulin | 6.2% | 1 | $1,595,000 |
| Hobbs | 6.0% | 1 | $1,650,000 |
| Mountainair | 6.0% | 1 | $1,485,000 |
| Capitan | 5.8% | 1 | $900,000 |
| Grants | 5.8% | 1 | $3,245,000 |
| Elephant Butte | 4.9% | 1 | $8,250,000 |
| Rodeo | 4.6% | 1 | $2,200,000 |
| Tucumcari | 3.6% | 1 | $2,200,000 |
| Eunice | 3.4% | 1 | $37,500,000 |
| Tijeras | 3.3% | 1 | $7,800,000 |
| Church Rock | 3.1% | 1 | $9,000,000 |
| Las Vegas | 2.9% | 1 | $2,475,000 |
Top 10 Highest Cap Rate Parks
Highest estimated returns — investigate occupancy, management quality, and NOI sustainability before buying on cap rate alone.
| Park Name | City | Cap Rate | Sites | Est. Value |
|---|---|---|---|---|
| Angel Peak RV Park | Bloomfield | 12.7% | 12 | $540,000 |
| Coronado Village Manufactured Home and RV Community | Albuquerque | 12.0% | 110 | $9,350,000 |
| Angel Fire RV Resort | Angel Fire | 11.9% | 102 | $7,650,000 |
| B & L RV Park and Storage | Farmington | 11.2% | 26 | $1,430,000 |
| Hacienda de las Flores RV Park | Belen | 11.1% | 39 | $2,145,000 |
| Isleta Lakes & RV Park | Albuquerque | 10.7% | 50 | $3,250,000 |
| FamCamp | Albuquerque | 10.6% | 5 | $225,000 |
| Town & Country RV Park | Roswell | 10.4% | 75 | $4,125,000 |
| Travelers World Campground | Clovis | 9.9% | 62 | $3,410,000 |
| Zia RV Park | Moriarty | 9.4% | 22 | $990,000 |
10 Lowest Cap Rate Parks
Lower cap rates reflect higher prices relative to income — often found in premium markets, coastal areas, or parks with strong amenities and stable occupancy.
| Park Name | City | Cap Rate | Sites | Est. Value |
|---|---|---|---|---|
| RV Resorts of Ruidoso | Ruidoso | 0.7% | 100 | $7,500,000 |
| McGee Park San Juan County Fairgrounds | Farmington | 2.7% | 574 | $57,400,000 |
| Monticello rv park | Truth or Consequences | 2.9% | 69 | $3,795,000 |
| Storrie RV Area | Las Vegas | 2.9% | 45 | $2,475,000 |
| Midway RV Park | Chaves County | 3.1% | 26 | $1,430,000 |
| Red Rock Park | Church Rock | 3.1% | 120 | $9,000,000 |
| Albuquerque Tijeras Mountain RV Resort and RV Park | Tijeras | 3.3% | 104 | $7,800,000 |
| Desert Oasis RV Park | Eunice | 3.4% | 375 | $37,500,000 |
| Sun West RV Park | Carlsbad | 3.5% | 251 | $25,100,000 |
| Cactus RV Park (former) | Tucumcari | 3.6% | 40 | $2,200,000 |
Get Full Owner Contact Data for New Mexico
Cap rates tell you where to look. Owner contact data gets you in the door. Access phone numbers, emails, and deal pipeline tools for every park in New Mexico.
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