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    The Largest CRE Database in the US with Over 1 Million Listings

    1309 Sudderth Dr, Unit MULTIPLE Ruidoso, NM 88345

    Sponsored
    For Sale
    $585,000

    COMMERCIAL - Mountain - Ruidoso, NM

    Property size:
    2,687 SF
    Lot size:
    0.30 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 2 at 4:06 pm

    Property Features for 1309 Sudderth Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Zoning
    C2
    Rooms
    Bathroom 1, Bathroom 3, Bathroom 4, Bathroom 2
    Bathrooms
    3
    APN
    4072065439280
    Parking features
    Garage, Parking Lot
    Fireplace
    1
    Appliances
    Washer, Dryer, Water Heater
    Size
    2,687 SF
    Lot size
    0.30 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central, Forced Air, Natural Gas
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Frame, Stucco
    Roof type
    Flat, Tar/Gravel, Rolled Hot Mop
    Architectural style
    Mountain

    We can help!

    Listing Contact
    Loverin Real Estate Team
    Loverin Real Estate Team

    Loverin Real Estate (575) 937-0588

    Listing agent Loverin Real Estate Team License #17860

    Listing date Feb 1, 2026

    MLS# 133528

    Copyright © 2026 Ruidoso/Lincoln County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Commercial Opportunity on Sudderth

    This commercial property, situated on approximately 0.30 acres, presents an opportunity for office, retail, studio, or mixed-use development. The C-2 commercial building, with approximately 2,687 square feet of space, benefits from high traffic and level access near midtown. The building includes two fireplaces, central heating and air conditioning, interior and exterior security cameras, and an alarm system. Ample parking is available. The interior can be divided for multiple tenants or business concepts via three exterior-access doors. Vacant land to the East presents an opportunity for expansion or a drive-through, subject to buyer verification. The property features a wrap-around covered front patio walkway and artificial turf out front, along with a spacious dance studio in the back. Access is available from Sudderth Drive, S. Vine Road, and Carters.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Birgit Sawinski, LMT ... Alternative Medicine Practice High Mesa Massage ... Alternative Medicine Practice Floatation Station LLC Alternative Medicine Practice

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ruidoso
    County
    Lincoln
    State
    New Mexico
    Longitude
    -105.660312
    Latitude
    33.326818

    Nearby Similar for Sale

    • $499,500

      Prime Retail Space on Mechem

      2400 sq ft commercial space in sought-after Ruidoso location.
      1207 Mechem Dr, Ruidoso, NM 88345
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Commercial building suitable for office, retail, or mixed-use development.
    Where is this mixed-use property located?
    The property is located at 1309 Sudderth Dr, Unit MULTIPLE Ruidoso, NM.
    What is the asking price?
    The asking price for this property is $585,000.
    What are key features of this property?
    This property features: - Prime commercial location on Sudderth Drive with high traffic and great visibility.; - C-2 Commercial building (approx. 2,687 sq. ft.) suitable for office, retail, studio, or mixed-use development.; - Ample parking and easy access from multiple streets (Sudderth Dr., S. Vine Rd, and Carters).
    (575) 937-0588
    Request Owner's contact information
    1309 Sudderth Dr, Unit MULTIPLE Ruidoso, NM 88345
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    Ruidoso, NM 88345
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1309 Sudderth Dr, Unit MULTIPLE Ruidoso, NM 88345
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    We can help!
    Listing Contact
    Loverin Real Estate Team
    Loverin Real Estate Team
    Real Estate License ID: 17860
    (575) 937-0588
    Learn more
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