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    Two-Story Economy Hotel with Pool Title is generated by Realmo AI

    1408 Main Street, Lordsburg, NM 88045

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    40-room economy hotel with pool and business center, renovated in 2023 and positioned on Interstate 10.

    Type:Hospitality
    Property size:
    31,624 SF
    Lot size:
    2.28 Acres
    Price / SF:
    $30/SF
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 5:30 am

    Property Features for 1408 Main Street

    General Information

    Standard status
    Active
    Size
    31,624 SF
    Lot size
    2.28 Acres
    Property subtype
    Hospitality

    Building Details

    Year Built
    1998

    We can help!

    Listing Contact
    Jigar
    Jigar "Jay" Desai

    Listing agent Jigar "Jay" Desai License #AZ SA675144000

    Listing office NewGen Advisory Phoenix

    Listing date Jun 2, 2026

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of NewGen Advisory Phoenix

    HighLights

    • 40‑room, two‑story Econo Lodge hotel along Interstate 10 in Lordsburg, New Mexico
    • Built in 1998 and renovated in 2023
    • 2.28‑acre lot with exterior corridors and ample on‑site parking
    • On‑site amenities include a pool and business center
    • High‑speed internet available for guests

    Overview

    The Econo Lodge Lordsburg I-10 is a two-story, 40-room economy hotel built in 1998 and renovated in 2023. The property uses exterior corridors and offers ample parking, supporting convenient guest movement and turnaround. On-site amenities include a pool, business center, and high-speed internet, designed for transient and drive-to travelers. The hotel operates under the Choice Hotels brand, providing an established branded hospitality platform.

    Located at 1408 Main Street in Lordsburg, New Mexico, the property sits on a 2.28-acre lot along Interstate 10. Its highway placement and strong visibility are intended to serve travelers taking the interstate through the area, with convenient access to a major transportation corridor.

    For buyers and operators seeking a functional, branded hospitality asset, this property’s combination of 40 guestrooms, exterior-corridor layout, and on-site guest amenities such as the pool and business center supports everyday lodging needs. The 2023 renovation provides a more current update to the existing improvements, while the interstate location and Choice Hotels affiliation align the asset with highway-driven demand.
    Location Intelligence

    Current Use by Public Records

    Econo Lodge Lordsburg ... Hotel & Motel

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Lordsburg
    County
    Grant
    State
    New Mexico
    Longitude
    -108.7146564
    Latitude
    32.3403043

    Nearby Similar for Sale

    • $550,000
      12,566 SF

      Renovated Motel Along Interstate 10

      35-room motel, renovated in 2024, located in Lordsburg, New Mexico.
      1202 Pyramid St, Lordsburg, NM 88045
      View Details
    • $415,646
      5,826 SF

      Versatile Building on Large Lot

      Well-maintained 5,826 SF building on 0.52 acres.
      1409 S Copper St, Lordsburg, NM
      View Details

    FAQs

    What type of property is this?
    Hotel - 40-room economy hotel with pool and business center, renovated in 2023 and positioned on Interstate 10.
    Where is this hotel located?
    The property is located at 1408 Main Street Lordsburg, NM.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: 40‑room, two‑story Econo Lodge hotel along Interstate 10 in Lordsburg, New Mexico; Built in 1998 and renovated in 2023; 2.28‑acre lot with exterior corridors and ample on‑site parking
    (520) 664-4091 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jigar
    Jigar "Jay" Desai
    Real Estate License ID: AZ SA675144000
    Learn More
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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.

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