www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31783180
31783189

87 South Polo Drive, Santa Fe, NM 87507

TB
NM 40315
Real Estate Advisors LLC
Listed by Real Estate Advisors LLC
$7,000,000
47 days on market
Updated 19 days ago

130 Space RV Park Development

Details
APN 1050095370227000000
Property Type Land, Mobile Home Park
Sub Type Commercial
Price Per Acre $61,403
Acreage 57.000
Zoning PDD Planned Development District
Parking Spaces 250 spaces
Investment Type Value Add
Ground Lease No

57± Acres | 130 Approved RV Spaces | Water Rights | BLM Access

Marketing description

Real Estate Advisors, LLC (CCIM | SIOR) presents the most compelling outdoor hospitality investment opportunity in Northern New Mexico. Located at 87 South Polo Drive in Santa Fe, this five-component offering delivers 57± entitled acres, ~57 acres of Airport ground lease, adjudicated water rights, a deeded access easement, and reclaimed effluent infrastructure — all in one transaction.

Santa Fe County BCC approved a 130-space RV campground and equestrian/event center in three phases (BCC Case No. 25-5230, March 2026). Phase 1 delivers 50 RV spaces and 250-space event parking. Full buildout yields 130 RV/glamping spaces, a Pavilion, and a Main Office on 57 acres — with ~57 additional leased acres for equestrian, event, and future development use.

The Hagerman Well (Permit RG-590-B) delivers 60.70 AFY diversionary / 30.35 AFY consumptive rights with a 600 gpm well, 32,000-gallon storage, and full filtration — valued at $40,000/AF by local water rights counsel. Existing reclaimed effluent pipeline infrastructure connects to the City of Santa Fe Water Reclamation Facility (infrastructure only; no supply agreement conveyed).

The site borders BLM land directly, giving guests immediate access to ATV trails, horseback riding, hiking, mountain biking, and shooting sports. Santa Fe draws 1.5M+ visitors annually. No comparable entitled RV resort site exists in Santa Fe County.

Investment highlights

  • 130-Space Entitled RV Resort — Santa Fe County BCC approved a 130-space RV campground and equestrian/event center in three phases on 57± acres (Case No. 25-5230, March 10, 2026) — the only entitled RV resort site in Santa Fe County.
  • ~57 Acres Combined — The offering packages 57± owned acres with a City of Santa Fe Airport ground lease covering an additional ~57 acres of equestrian, event, and future development land.
  • Adjudicated Water Rights Included — The Hagerman Well (OSE Permit RG-590-B) delivers 60.70 AFY diversionary and 30.35 AFY consumptive use rights, permitted for domestic, commercial, municipal, irrigation, livestock, and industrial use, valued at $40,000 per acre-foot.
  • Direct BLM Land Adjacency — The property borders Bureau of Land Management public land, giving guests immediate access to ATV trails, horseback riding, hiking, mountain biking, and shooting sports without leaving the site.
  • Established Equestrian and Event Platform — Active polo fields, arenas, a Grand Prix field, and 250 approved event parking spaces support polo, horse shows, corporate events, concerts, weddings, and RV rallies.
  • Phased Development — Cash Flow from Day One — Phase 1 (50 RV spaces + event parking) can generate revenue while Phase 2 and Phase 3 infrastructure is designed and financed, reducing up-front capital requirements.
  • Offered at $7,000,000 — Contact Real Estate Advisors, LLC — Exclusively listed by Real Estate Advisors, LLC (CCIM | SIOR), Santa Fe’s only exclusively commercial brokerage; call 505-539-3200 or visit REANM.com.

Listing Contacts

TB
NM 40315
Real Estate Advisors LLC
Listed by Real Estate Advisors LLC

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591