3199 White Sands BlvdAlamogordo, NM 88310

Property Details for 3199 White Sands Blvd

Year built

1982

Lot size

16.31 AC

Property size (Sq ft)

268,811 SF

Property type

Retail properties

Property subtype

Super regional malls

APN

01N4054093520110

APU

01N4054093520110

Description

Two exceptional pad sites are available for sale or ground lease in Alamogordo, New Mexico, offering prime retail opportunities. Located directly in front of the bustling White Sands Mall, these properties boast unparalleled visibility and accessibility. Tract 3 encompasses approximately 0.436 acres, while Tract 5 offers approximately 0.615 acres. Both sites benefit from their strategic position along North White Sands Boulevard, a major arterial road experiencing a high volume of daily traffic—15,797 vehicles per day. The strong tenant mix at the adjacent White Sands Mall includes well-known national retailers such as Hobby Lobby, Big Lots, Ashley Home Store, Ross, Marshalls, and Harbor Freight, creating a vibrant and attractive retail environment. The properties offer multiple access points, ensuring convenient ingress and egress for customers and employees. These sites present a unique opportunity for businesses seeking high visibility and a strong customer base in a thriving retail corridor. The land is designated for commercial use, specifically retail pad sites, and is suitable for a variety of development options. The single-tenant designation allows for focused development and streamlined operations. This is an exceptional opportunity to establish a presence in a high-demand retail location.

• CAP approach

  CAP return

  Valuation

  6%

  $58,122,004

  6.5%

  $53,651,080

  7%

  $49,818,860

• Comparable approach

  Method

  Valuation

  Relative Method

  $59,747,528

  Geo Method

  $112,719,976

• Alternative Use

  Use

  Valuation

  Residential

  $45,256,692

  Hospitality

  $41,454,888

  Educational

  $34,489,980

  Medical

  $35,676,144

  Retail

  $53,651,080

Location Insight

City

Alamogordo

County

Otero

State

New Mexico

Latitude

32.9301

Longitude

-105.964

CBSA code

10460

CBSA name

ALAMOGORDO, NM MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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