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    93 Catwalk Rd Glenwood, NM 88039

    For Sale
    $1,390,000

    Historic New Mexico Hotel, High ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This charming 8-casita hotel, nestled near the Gila National Forest in Glenwood, New Mexico, presents a unique investment opportunity. Built in 1901, the property includes six RV spaces and boasts a prime location near the popular Glenwood Catwalk, a destination attracting 3,000-4,000 vehicles per summer weekend. The casitas offer a variety of configurations, including two-bedroom, one-bathroom units with kitchens, and studio units with varying amenities. One casita is a historic adobe home, offering potential for owner occupancy. The property has been meticulously maintained and enjoys an exceptional reputation, evidenced by its Airbnb Superhost status and a 4.9-star Google rating based on 307 reviews. Financial records from 2023 indicate a net operating income of $141,884, resulting in a capitalization rate exceeding 10%. The property is being offered for $1,390,000, with cash or conventional financing only. This turnkey operation provides a blend of historical charm and strong financial performance in a desirable location, ideal for an investor seeking a high-return hospitality asset. The property is located at 93 Catwalk Road, Glenwood, NM 88039, and benefits from its proximity to abundant outdoor recreational opportunities, including hiking and biking trails. Taxes for 2023 show $203,461 in income and $61,577 in expenses. This is a dark sky area.

    Property Features for 93 Catwalk Rd

    General Information

    Property type
    Hotels

    Building Details

    Year Built
    1901

    HighLights

    • $1,390,000 asking price for this hospitality property.
    • Historic 1901 hotel in Glenwood, New Mexico.
    • Features eight guest casitas and six RV spaces.
    • Strong financial performance: $203,461 gross revenue and $141,884 net operating income in 2023, representing a 10%+ capitalization rate.
    • Cash or conventional financing only; no seller financing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Glenwood
    County
    Catron
    State
    New Mexico
    Longitude
    -108.8718008
    Latitude
    33.3278697

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    FAQs

    What type of property is this?
    Hotel - Historic New Mexico Hotel, High ROI
    Where is this hotel located?
    The property is located at 93 Catwalk Rd Glenwood, NM.
    What is the asking price?
    The asking price for this property is $1,390,000.
    What are key features of this property?
    This property features: $1,390,000 asking price for this hospitality property.; Historic 1901 hotel in Glenwood, New Mexico.; Features eight guest casitas and six RV spaces.
    Request Owner's contact information
    93 Catwalk Rd Glenwood, NM 88039
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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
    93 Catwalk Rd Glenwood, NM 88039
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