Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1800 E 1St St Alamogordo, NM 88310

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $662,500

    5,000 SF building on 0.70-acre lot in Alamogordo, NM.

    Property size:
    5,000 SF
    Lot size:
    0.70 Acres

    Property Features for 1800 E 1St St

    General Information

    Size
    5,000 SF
    Lot size
    0.70 Acres

    We can help!

    Listing Contact
    Nicole Villareal
    Nicole Villareal
    Source: Moodyscre

    Listing Agent: Nicole Villareal

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

    Learn more

    Property Insight Report

    Overview

    Adaptable Building in Alamogordo, NM

    The property is a 5,000-square-foot building situated on a 0.70-acre lot in Alamogordo, NM. The interior provides generous space that can be configured to accommodate classrooms, offices, or open areas. The property offers substantial outdoor space, suitable for playgrounds, parking, or potential future expansions. Its location benefits from proximity to local amenities, residential neighborhoods, and main thoroughfares, enhancing accessibility. The adaptable design allows for a range of commercial applications, including office space, retail establishments, or community centers. The property is well-suited for educational purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Alamogordo
    County
    Otero
    State
    New Mexico
    Longitude
    -105.938876
    Latitude
    32.889706

    Nearby Similar for Sale

    • New
      $442,000
      0.39 Acres

      Commercial Property in Alamogordo, NM

      Turnkey commercial investment with immediate cash flow in Alamogordo.
      1640 N White Sands Blvd, Alamogordo, NM 88310
      View Details
    • $197,250
      1,090 SF

      In-Bay Automatic Car Wash

      Car wash with potential for increased profitability.
      612 E 11Th St, Alamogordo, NM 88310
      View Details
    • $955,346
      7,751 SF

      Single Tenant Office Building

      Single tenant office building with long-term lease and annual rent increases.
      901 N Florida Ave, Alamogordo, NM 88310
      View Details
    • $850,000
      6,138 SF

      Retail Building with Cultivation Facility

      Freestanding retail building with cannabis dispensary and cultivation facility.
      2010-2013 Pecan Dr, Alamogordo, NM 88310
      View Details
    • $450,000
      0.62 Acres

      Alamogordo Commercial Building - $450k

      Prime Alamogordo location, restaurant equipment included.
      00 Lavelle Rd, Alamogordo, NM 88310
      View Details
    • $699,000
      1.05 Acres

      Alamogordo Restaurant - Turnkey Opportunity

      Established Restaurant, High Traffic Area, Owner Finance Available
      3200 White Sands Blvd, Alamogordo, NM 88310
      View Details
    • $1,150,000

      Alamogordo Motel Investment

      28-Room Motel, Prime Location
      508 White Sands Blvd, Alamogordo, NM 88310
      View Details
    • $940,575
      7,751 SF

      Alamogordo Office Investment

      High-yield, single-tenant office building.
      901 Florida Ave, Alamogordo, NM 88310
      View Details
    • $1,892,000
      2,524 SF

      Del Taco NNN Lease Investment

      Alamogordo, NM QSR Investment
      804 White Sands Blvd, Alamogordo, NM 88310
      View Details
    • $2,480,000
      5,418 SF

      Buffalo Wild Wings NNN Lease

      High-traffic, corporate-guaranteed QSR investment.
      839 White Sands Blvd, Alamogordo, NM 88310
      View Details
    • $4,724,000
      1.92 Acres

      Alamogordo Multifamily Investment

      52-Unit Apartment Complex, High Cap Rate
      2100 Stardust Ct, Alamogordo, NM 88310
      View Details
    • $1,295,000

      Alamogordo Medical Office Building

      Single-Tenant, Govt Leased, High ROI
      723 New York Ave, Alamogordo, NM 88310
      View Details

    FAQs

    What type of property is this?
    School - 5,000 SF building on 0.70-acre lot in Alamogordo, NM.
    Where is this school located?
    The property is located at 1800 E 1St St Alamogordo, NM.
    What is the asking price?
    The asking price for this property is $662,500.
    What are key features of this property?
    This property features: - Expansive 5,000-square-foot interior adaptable for various uses.; - Large 0.70-acre lot suitable for playgrounds, parking, or expansion.; - Strategic location in Alamogordo, NM, near amenities and main roads.
    (505) 883-9400
    Request Owner's contact information
    1800 E 1St St Alamogordo, NM 88310
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1800 E 1St St
    Alamogordo, NM 88310
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1800 E 1St St Alamogordo, NM 88310
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nicole Villareal
    Nicole Villareal
    (505) 883-9400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.