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    516 Austin St Truth or Consequences, NM 87901

    For Sale
    $2,000,000

    Historic district property with hot springs, inn, and residences.

    Property size:
    5,528 SF
    Lot size:
    0.41 Acres

    Property Features for 516 Austin St

    General Information

    Size
    5,528 SF
    Lot size
    0.41 Acres

    Source: NAI 1st Valley Realty Agent Randy McMillan

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

    Overview

    Hoosier Hot Springs Historic District

    Hoosier Hot Springs is situated within the Hot Springs Bathhouse and Commercial Historic District in Truth or Consequences, a 56-acre area recognized on the National Register of Historic Places since 2005. The property encompasses a total area of 5528 square feet and features multiple lines of business. These include hot springs, which were renovated and reopened to the public in early 2024. Additionally, there is an inn offering short-term rentals, consisting of five renovated units that include four suites and one room, which opened in November 2024. The property also provides residential long-term rentals, with a total of seven units comprising four one-bedroom units and three studio apartments. Most of the property has been completely remodeled.
    Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Truth or Consequences
    County
    Sierra
    State
    New Mexico
    Longitude
    -107.256478
    Latitude
    33.127426

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    FAQs

    What type of property is this?
    Apartment building - Historic district property with hot springs, inn, and residences.
    Where is this apartment building located?
    The property is located at 516 Austin St Truth or Consequences, NM.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Completely remodeled property.; - Three lines of business: Hot Springs, Inn/Short Term Rentals, and Residences/Long Term Rentals.; - Located in the Hot Springs Bathhouse and Commercial Historic District.
    (575) 640-7213
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    516 Austin St Truth or Consequences, NM 87901
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    Truth or Consequences, NM 87901
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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
    516 Austin St Truth or Consequences, NM 87901
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