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 running hot. An average cap rate of 15.6% is well above the national norm, which signals either underpriced assets, rural markets with strong cash flow, or operators who haven't professionalized revenue. For buyers, that spread is opportunity — find the bottom-quartile operators and you're buying cash flow, not just real estate.
The wide range (2.1%–24.8%) tells the other side of the story: there are parks in this state priced like trophy assets and parks priced like distressed debt. Know which bucket you're bidding on. The highest cap rates typically reflect either management upside or location risk — underwrite both.
With data spread across 44 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 $1,594,471, 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 | 15.0% | 10 | $2,921,847 |
| Albuquerque | 19.9% | 7 | $2,454,701 |
| Chama | 17.5% | 4 | $809,178 |
| Farmington | 19.2% | 3 | $3,851,501 |
| Roswell | 17.4% | 3 | $1,101,852 |
| Clovis | 16.9% | 3 | $873,746 |
| Bloomfield | 16.3% | 3 | $1,138,328 |
| Moriarty | 22.6% | 2 | $674,123 |
| Silver City | 18.8% | 2 | $248,944 |
| Santa Rosa | 15.6% | 2 | $440,581 |
| Kirtland | 13.7% | 2 | $881,957 |
| Truth or Consequences | 11.8% | 2 | $830,608 |
| Jal | 9.2% | 2 | $157,952 |
| Ruidoso | 8.7% | 2 | $1,928,818 |
| Chaves County | 7.7% | 2 | $514,338 |
| Anthony | 21.4% | 1 | $1,963,110 |
| Eunice | 21.4% | 1 | $7,589,343 |
| Angel Fire | 21.1% | 1 | $3,753,612 |
| Aztec | 21.0% | 1 | $635,579 |
| Belen | 18.6% | 1 | $1,106,376 |
| Milan | 17.1% | 1 | $1,184,811 |
| Mountainair | 16.7% | 1 | $448,868 |
| Lovington | 16.1% | 1 | $688,451 |
| Mayhill | 16.1% | 1 | $1,376,903 |
| Whites City | 15.5% | 1 | $1,322,700 |
| Gallup | 15.3% | 1 | $2,913,679 |
| Santa Fe | 15.0% | 1 | $2,081,617 |
| Elephant Butte | 14.9% | 1 | $2,313,322 |
| Artesia | 14.6% | 1 | $1,854,506 |
| Las Cruces | 14.6% | 1 | $1,483,604 |
| Lordsburg | 14.6% | 1 | $329,689 |
| Socorro | 14.6% | 1 | $350,296 |
| Cedar Crest | 14.5% | 1 | $1,786,925 |
| Capulin | 14.3% | 1 | $586,909 |
| Hobbs | 14.1% | 1 | $598,113 |
| Orogrande | 14.0% | 1 | $397,237 |
| Grants | 13.8% | 1 | $1,158,524 |
| Capitan | 12.3% | 1 | $356,585 |
| Rodeo | 12.0% | 1 | $701,125 |
| Tijeras | 12.0% | 1 | $1,822,925 |
| Church Rock | 11.4% | 1 | $2,031,105 |
| Tucumcari | 10.5% | 1 | $640,900 |
| Las Vegas | 9.0% | 1 | $666,810 |
| Cibola County | 4.4% | 1 | $336,135 |
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 |
|---|---|---|---|---|
| Isleta Lakes & RV Park | Albuquerque | 24.8% | 50 | $1,192,587 |
| Zia RV Park | Moriarty | 23.8% | 22 | $498,239 |
| B & L RV Park and Storage | Farmington | 23.5% | 26 | $580,998 |
| Town & Country RV Park | Roswell | 22.7% | 75 | $1,608,205 |
| Angel Peak RV Park | Bloomfield | 22.7% | 12 | $257,313 |
| Travelers World Campground | Clovis | 22.1% | 62 | $1,292,111 |
| High Desert RV Park | Albuquerque | 21.8% | 75 | $1,540,452 |
| Manzano's RV Park | Silver City | 21.8% | 18 | $369,708 |
| Sundowner Mobile Home & RV Park | Farmington | 21.4% | 28 | $566,671 |
| Desert Oasis RV Park | Eunice | 21.4% | 375 | $7,589,343 |
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 | 2.1% | 100 | $2,205,101 |
| El Morro RV Park and Cabins | Cibola County | 4.4% | 30 | $336,135 |
| Lea Lake Campground | Chaves County | 6.0% | 32 | $635,579 |
| H&P RV Park | Jal | 7.9% | 6 | $123,633 |
| Monticello rv park | Truth or Consequences | 9.0% | 69 | $1,022,442 |
| Storrie RV Area | Las Vegas | 9.0% | 45 | $666,810 |
| Midway RV Park | Chaves County | 9.4% | 26 | $393,096 |
| West Park Inn | Clovis | 9.8% | 18 | $277,564 |
| Cactus RV Park (former) | Tucumcari | 10.5% | 40 | $640,900 |
| Florez RV Park, LLC | Jal | 10.5% | 12 | $192,270 |
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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