1807 10Th StAlamogordo, NM 88310

Property Details for 1807 10Th St

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.50 AC

Property size (Sq ft)

15,120 SF

Property type

Retail properties

Property subtype

Other individual retail properties

APN

01N4056094419149

APU

01N4056094419149

Description

This exceptional commercial land offering presents a unique investment opportunity in Otero County. The property consists of pad sites ranging from zero to one acre, ideal for single-tenant development. Strategically located within a Planet Fitness-anchored shopping center, this location benefits from high visibility and accessibility. The site is situated on a major arterial street, ensuring significant traffic flow and exposure for any business. A signalized intersection provides multiple full-access points, simplifying ingress and egress for customers and employees. Furthermore, the property enjoys close proximity to established residential neighborhoods, providing a readily available customer base. This presents a rare chance to build-to-suit, ground lease, or purchase land in a thriving commercial area with excellent demographics and high traffic counts. The flexible options cater to a variety of development plans, making it an attractive proposition for investors seeking a strong return on investment. The combination of a prime location, excellent visibility, and convenient access makes this property an exceptional opportunity for businesses seeking to establish a strong presence in a growing market. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering.

• CAP approach

  CAP return

  Valuation

  6%

  $3,269,233

  6.5%

  $3,017,753

  7%

  $2,802,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,360,666

  Geo Method

  $6,340,240

• Alternative Use

  Use

  Valuation

  Residential

  $2,545,588

  Hospitality

  $2,331,745

  Educational

  $1,939,984

  Medical

  $2,006,703

  Retail

  $3,017,753

Location Insight

City

Alamogordo

County

Otero

State

New Mexico

Latitude

32.9005

Longitude

-105.939

CBSA code

10460

CBSA name

ALAMOGORDO, NM MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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