Contact Information

Tommy Simpson

Blue Spruce RV Park

RV Park/Campground Details

  • Price: $375,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.0%
  • Property ID: 1504909
  • Posted On: Aug 28, 2021
  • Updated On: Aug 28, 2021

Property Description

Blue Spruce is a family owned and run business since the early 1990’s. It started out with 26 spots, but has recently upgraded to 28 spots(2021).
* 28 spots - 21 are full hook-ups with electricity, water, sewer, tv, 7 spots have electricity, water, and tv. Also contains one tent spot
* Income comes from 28 spots which include 15 to 16 long- term renters that are charged $250 + electricity ( meter). Overnighter’s for the remaining spots charged $22.89 + tax.
* all spots have 50, 30, 20 amp connections w/ cost being added to charge. All heavy-duty wire, supported in conduit. New breaker control panel in store.
* Majority of sites are pull- through with a few back in spots.
* Entrance of park is paved with packed gravel for pull-throughs.
* Building on site is a 30’ x 50’ wood construction with pro-panel roof.
* 4 bathrooms with showers (2 inside , 2 outside)
* Sewer dump is located on site ($10 fee).
* 2 washing machines, 3 dryers
* kitchen with new floor and new refrigerator
* storage room
* 10’ x 10’ cement vault
* property is surrounded by pine trees, blue spruce and hybrid poplars.

Location

Located off of I-40 exit 81, Grants, NM

Amenities

  • Laundromat
  • Club House
  • Manager Office
  • Store
  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 28
Year Built: 1991
Average RV Lot Rent: $24
Size: 1.4 acre(s)

Financial Information

Gross Income $67,977
Operating Expense $20,160
Net Operating Income $47,817
Expense Ratio 29.7 %
Debt Info Zero debt- no liens

Utility Information

Water: City
Sewer: City