Best Western Hotel
1765 S Main St Las Cruces, NM 88005
1765 S Main St, Las Cruces, NM, 88005
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For Sale
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Best Western-branded 68-room hotel with Mission-style design and an on-site two-bedroom manager’s apartment for added support.
Property Size48,066 SF
Price / SF$114.43
Days on Market98
Property Features for 1765 S Main St
General Information
- Standard status
- Active
- Size
- 48,066 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 1945
Listing agency
214Realty
(888) 737-2264
Listed by
Jatin Jariwala · License #0593897
Source
Crexi
Added: Apr 16 Updated: Jul 22 at 9:07AM Checked: Jul 22 at 9:07AM
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 214Realty
Investment Insights
Based on property information with market context.
Best Western Mission Inn is a Best Western-branded hotel offering 68 guest rooms in a distinctive Mission-style rustic design. Guest rooms are oversized, averaging approximately 370 square feet, and the property includes a two-bedroom manager’s apartment.
The hotel is located along Las Cruces’ primary commercial corridor at 1765 S Main St.
The ownership presentation notes stabilized, cash-flowing performance and long-term brand waivers that are described as supporting the property’s local character, with a stated minimal PIP requirement and limited near-term capital needs.
The hotel is located along Las Cruces’ primary commercial corridor at 1765 S Main St.
The ownership presentation notes stabilized, cash-flowing performance and long-term brand waivers that are described as supporting the property’s local character, with a stated minimal PIP requirement and limited near-term capital needs.
Key Highlights
- Best Western‑branded hotel built in 1945 offering 68 rooms
- Mission‑style rustic design with oversized guest rooms averaging about 370 SF
- Includes a two‑bedroom manager's apartment on‑site
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $692.2k | $14.40 |
| − Vacancy | −$69.2k | −$1.44 |
| EGI | $622.9k | $12.96 |
| − OpEx | −$327.0k | −$6.80 |
| NOI | $295.9k | $6.16 |
48,066 SF · lease $14.40/SF/yr · vacancy 10.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$4.23M
$3.70M – $4.93M
NOI $295,894 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.41M
$7.36M – $9.81M
NOI $588,789 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Best Western Mission ...
Hotel & Motel
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FAQs
What type of property is this?
Hotel - Best Western-branded 68-room hotel with Mission-style design and an on-site two-bedroom manager’s apartment for added support.
Where is this hotel located?
The property is located at 1765 S Main St Las Cruces, NM.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Best Western‑branded hotel built in 1945 offering 68 rooms; Mission‑style rustic design with oversized guest rooms averaging about 370 SF; Includes a two‑bedroom manager's apartment on‑site
