1020 White Sands BlvdAlamogordo, NM 88310

Property Details for 1020 White Sands Blvd

Year built

1987

Lot size

2.43 AC

Property size (Sq ft)

17,696 SF

Property type

Automotive properties

APN

01N4055095045391

APU

01N4055095045391

Description

This 90-unit, two-story Quality Inn & Suites in Alamogordo, New Mexico, presents a compelling value-add investment opportunity. Recently renovated in March 2024, this property boasts 39,305 square feet on a 2.43-acre lot (APN R010135) and features exterior corridors. The hotel's strategic location at the intersection of Highways 70 and 54, near White Sands National Park and Holloman Air Force Base, ensures consistent occupancy. Currently operating at 63.4% occupancy, the property generated a Net Operating Income (NOI) of $754,031 in the last twelve months, representing a 14.2% capitalization rate. The asking price is $5,300,000, significantly reduced by $450,000 to facilitate a quick sale. Post-renovation, trailing twelve-month revenue increased by 20% and continues to grow. The property is zoned C and offers the flexibility to continue operating as a Quality Inn & Suites or convert to a SureStay Plus hotel with minimal capital expenditures required. SBA 7a financing is approved with only 15% down payment. This represents a strong cash-on-cash return of 33.1%. The property is well-maintained and offers significant upside potential for the savvy investor. Don't miss this chance to acquire a profitable hotel in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,908,080

  6.5%

  $2,684,380

  7%

  $2,492,640

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,623,240

  Geo Method

  $3,062,400

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,156,900

  Mixed-Use / Specialty

  $2,706,290

  Hospitality / Lodging

  $2,026,500

  Office

  $2,723,000

  Institutional / Educational

  $2,824,700

  Residential Income

  $3,304,900

  Multifamily

  $3,789,200

  Automotive / Energy

  $2,421,170

  Parking / Income-Based Land

  $804,416

  Restaurant / Food Service

  $1,474,740

  Healthcare / Senior Housing

  $2,742,970

Location Insight

City

Alamogordo

County

Otero

State

New Mexico

Latitude

32.8793

Longitude

-105.962

CBSA code

10460

CBSA name

ALAMOGORDO, NM MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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