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Palisades RV Park Land 9201 Central Ave NW 108 Unit Mobile Home Park $3,468,675 CAD ($32,117 CAD/Unit) 3.70% Cap Rate Albuquerque, NM 87121

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Investment Highlights

Route 66 RV Park Land
Easy turn access for trailers

Mature Trees

Executive Summary

Only $10 SF for developed land on Central Ave and 90th in Albuquerque.
Qualified HUB Zone
2020-2024 Gross Income $300k-$350,000
Possible to restore thriving RV Park business.
Zoning upgrade required for a Mobile Home Park
5.91 dedicated acres additional .7 ac easements.
CABQ West Central Ave bike lanes and improvements
New stop light at 90th in 2027
Busy west Central location.
14,800 Central Avenue VPD
41,700 98th Street VPD
56,500 total VPD

Palisades RV Park Land Brochure '26

Financial Summary (Actual - 2023)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$411,188	$114.54
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$411,188	$114.54
Taxes	$10,317	$2.87
Operating Expenses	$273,153	$76.09
Total Expenses	$283,470	$78.96
Net Operating Income	$127,718	$35.58

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual	$411,188
Annual Per SF	$114.54

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$411,188
Annual Per SF	$114.54

Taxes (CAD)
Annual	$10,317
Annual Per SF	$2.87

Operating Expenses (CAD)
Annual	$273,153
Annual Per SF	$76.09

Total Expenses (CAD)
Annual	$283,470
Annual Per SF	$78.96

Net Operating Income (CAD)
Annual	$127,718
Annual Per SF	$35.58

Property Facts

Price	$3,468,675 CAD	Building Class	C
Price Per Unit	$32,117 CAD	Lot Size	6.42 AC
Sale Type	Investment	Building Size	3,590 SF
Cap Rate	3.70%	Average Occupancy	0%
Sale Condition	Redevelopment Project	No. Stories	1
No. Units	108	Year Built	1971
Property Type	Multifamily	Parking Ratio	30.08/1,000 SF
Property Subtype	Manufactured Housing/Mobile Home General Retail Storefront Retail/Residential	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Garden
Zoning	NR-SU - Currently zoned for RV campground. Will need an zone change to create a Mobile Home Park.

Price	$3,468,675 CAD
Price Per Unit	$32,117 CAD
Sale Type	Investment
Cap Rate	3.70%
Sale Condition	Redevelopment Project
No. Units	108
Property Type	Multifamily
Property Subtype	Manufactured Housing/Mobile Home General Retail Storefront Retail/Residential
Apartment Style	Garden
Building Class	C
Lot Size	6.42 AC
Building Size	3,590 SF
Average Occupancy	0%
No. Stories	1
Year Built	1971
Parking Ratio	30.08/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	NR-SU - Currently zoned for RV campground. Will need an zone change to create a Mobile Home Park.

Unit Amenities

Washer/Dryer

Site Amenities

24 Hour Access

Clubhouse

Laundry Facilities

1 1

Fairly walkable

40/100

Exceptionally drivable

100/100

Limited public transit

30/100

Fairly bikeable

40/100

Source: Local Logic^®

Property Taxes

Parcel Number	1-009-057-248104-3-05-24	Total Assessment	$416,537 CAD (2026)
Land Assessment	$253,430 CAD (2026)	Annual Taxes	$10,317 CAD ($2.87 CAD/SF)
Improvements Assessment	$163,107 CAD (2026)	Tax Year	2023