508 White Sands BlvdAlamogordo, NM 88310

Property Details for 508 White Sands Blvd

Year built

1965

Lot size

0.46 AC

Property size (Sq ft)

9,739 SF

Property type

Automotive properties

APN

01N4055095065187

APU

01N4055095065187

Description

This exceptional investment opportunity presents a 28-key motel situated on 0.46 acres at 508 S White Sands Blvd, Alamogordo, NM 88310. Built in 1957, the Economy Inn offers a unique blend of vintage charm and significant potential. The two-story building presents a canvas for renovation and repositioning, allowing for the creation of a boutique hotel, charming bed and breakfast, or other hospitality concept. Its location on bustling White Sands Boulevard ensures convenient access to local attractions, shopping, and dining, guaranteeing a consistent flow of potential guests. The asking price for this well-established property is $1,150,000. This property represents a compelling opportunity for investors seeking to capitalize on the thriving hospitality sector in Alamogordo, New Mexico. The property's central location and existing infrastructure provide a solid foundation for future success, offering a unique chance to shape the future of this established Alamogordo landmark. The 28 rooms provide immediate revenue potential, while the property's size and location offer significant upside for expansion or enhancement. This is a rare chance to acquire a well-positioned motel in a desirable New Mexico market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,600,460

  6.5%

  $1,477,350

  7%

  $1,371,820

• Comparable approach

  Method

  Valuation

  Relative Method

  $893,348

  Geo Method

  $1,685,390

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,838,100

  Mixed-Use / Specialty

  $1,489,410

  Hospitality / Lodging

  $1,115,290

  Office

  $1,498,600

  Institutional / Educational

  $1,554,570

  Residential Income

  $1,818,850

  Multifamily

  $2,085,390

  Automotive / Energy

  $1,332,490

  Parking / Income-Based Land

  $442,711

  Restaurant / Food Service

  $811,626

  Healthcare / Senior Housing

  $1,509,590

Location Insight

City

Alamogordo

County

Otero

State

New Mexico

Latitude

32.8849

Longitude

-105.961

CBSA code

10460

CBSA name

ALAMOGORDO, NM MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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