1281 Riley WayChaparral, NM 88081

  • Warehouses
  • 1,200 SF
For Sale
$235,000 View listing

Property Details for 1281 Riley Way

Year built
2005
Lot size
1.94 AC
Property size (Sq ft)
1,200 SF
Property type
Warehouses
APN
16N4034155202381
APU
16N4034155202381

Description

This exceptional 1,200-square-foot warehouse, built in 2005, presents a unique investment opportunity in Chaparral, New Mexico. Situated on a fully cleared and fenced 1.93-acre lot, this single-story metal building boasts a 12-foot ceiling (higher in the vaulted area), a 10x12-foot roll-up door, and ample parking. The property includes a bathroom and is conveniently located off US-54 Highway, offering easy access to the New Mexico-Texas state line, El Paso International Airport, and El Paso's downtown area. The asking price is $235,000, translating to $195.83 per square foot. Existing infrastructure includes septic, water, and electrical services. The building's dimensions are approximately 30 feet by 40 feet. This prime location and versatile space offer significant potential for various commercial ventures. The property's address is 1281 Riley Way, Chaparral, NM 88081, in Otero County. This is an ideal opportunity for businesses seeking a well-maintained warehouse in a strategic location with convenient access to major transportation routes.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $136,096
    Hospitality
    $124,663
    Educational
    $103,718
    Medical
    $107,285
    Retail
    $161,339
1281 Riley Way, Chaparral, New Mexico

Location Insight

City
Chaparral
County
Otero
State
New Mexico
Latitude
32.0126
Longitude
-106.32
CBSA code
10460
CBSA name
ALAMOGORDO, NM MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$1,660
$22,610
$29,624
$52,234
-
$67,830
$88,871
$156,701

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