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    105 S 1St St Artesia, NM 88210

    For Sale
    $1,040,000

    Restaurant property operated as an IHOP by a franchisee.

    Property size:
    4,010 SF
    Lot size:
    0.63 Acres

    Property Features for 105 S 1St St

    General Information

    Size
    4,010 SF
    Lot size
    0.63 Acres

    Source: Avison Young - Los Angeles Agent Chris Maling

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Property For Sale

    This is a 4,010 square-foot property currently operated as an IHOP restaurant. The single-tenant property is occupied by a multi-unit franchisee.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    IHOP Breakfast Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Artesia
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.3974654
    Latitude
    32.8432451

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    FAQs

    What type of property is this?
    Breakfast & diner - Restaurant property operated as an IHOP by a franchisee.
    Where is this breakfast & diner located?
    The property is located at 105 S 1St St Artesia, NM.
    What is the asking price?
    The asking price for this property is $1,040,000.
    What are key features of this property?
    This property features: - Single tenant property.; - Operated as an IHOP.; - Operated by a multi-unit franchisee.
    (213) 618-3824
    Request Owner's contact information
    105 S 1St St Artesia, NM 88210
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    Artesia, NM 88210
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    Realmo Value Estimation

    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.

    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.

    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
    105 S 1St St Artesia, NM 88210
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