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    108 Horton Cir Ruidoso, NM 88345

    For Sale
    $649,500

    Turnkey Multi-Unit Income Property

    Property size:
    3,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Ruidoso, NM property, listed at $649,500, offers a unique investment opportunity. Situated on a half-acre lot (0.53 acres) at 108 Horton Circle, 88345, this C-1 zoned land encompasses a 2,175 sq ft, 3-bedroom home, a 750 sq ft, 2-bedroom attached Airbnb, and a 400 sq ft detached Airbnb studio cabin. A 288 sq ft detached cabin with a pet bathing station provides additional income potential or space for a pet grooming business. All Airbnb units are fully furnished and equipped, ensuring immediate revenue generation. The property's total square footage is 3,200 sq ft. An additional lot accessible from Walnut Drive presents further development possibilities. This turnkey operation is ideal for investors seeking immediate returns and future expansion potential in a desirable New Mexico location. The property's versatile zoning allows for residential and commercial uses, maximizing its investment appeal. This is a rare opportunity to acquire a multi-faceted income-producing property in a thriving market.

    Property Features for 108 Horton Cir

    General Information

    Property type
    Land
    Square Feet
    3,200 SF
    Lot Size
    23,087 SF

    HighLights

    • $649,500 asking price.
    • 0.53‑acre lot with 3,200 square feet of improvements.
    • C‑1 (residential/commercial) zoning.
    • Includes a 2,175 sq ft, 3‑bedroom home; a 750 sq ft, 2‑bedroom Airbnb; a 400 sq ft detached Airbnb studio; and a 288 sq ft detached cabin with a pet bathing station.
    • Turnkey operation with furnished Airbnbs generating immediate revenue.
    • Additional lot with separate access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ruidoso
    County
    Lincoln
    State
    New Mexico
    Longitude
    -105.6308283
    Latitude
    33.3236232

    Nearby Comparable

    • New
      $399,000
      2,773 SF

      Ruidoso Commercial Property with Storage

      Commercial property featuring storage units and Airbnb rentals in Ruidoso.
      110 Horton Cir, Ruidoso, NM 88345
      View Details
    • $667,000
      1 SF

      Commercial Land on Sudderth Drive

      Commercial land for sale in Ruidoso's retail corridor.
      Sudderth Dr, Ruidoso, NM 88345
      View Details
    • $525,000
      1.02 Acres

      Ruidoso Commercial Land - $525K

      High-traffic location, prime commercial lot.
      630 Sudderth Dr, Ruidoso, NM 88345
      View Details
    • $749,000
      0.63 Acres

      Prime Ruidoso Commercial Land

      High-traffic location, 0.63 acres
      25982 Us-70, Ruidoso, NM 88345
      View Details

    Nearby Similar for Sale

    • New
      $399,000
      2,773 SF

      Ruidoso Commercial Property with Storage

      Commercial property featuring storage units and Airbnb rentals in Ruidoso.
      110 Horton Cir, Ruidoso, NM 88345
      View Details

    FAQs

    What type of property is this?
    Land - Turnkey Multi-Unit Income Property
    Where is this land located?
    The property is located at 108 Horton Cir Ruidoso, NM.
    What is the asking price?
    The asking price for this property is $649,500.
    What are key features of this property?
    This property features: $649,500 asking price.; 0.53-acre lot with 3,200 square feet of improvements.; C-1 (residential/commercial) zoning.
    Request Owner's contact information
    108 Horton Cir Ruidoso, NM 88345
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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
    108 Horton Cir Ruidoso, NM 88345
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