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    1620 Route 66 Tucumcari, NM 88401

    For Sale
    $650,000

    Historic 25-room motel on Route 66

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2-acre property, located at 1620 E Route 66 in Tucumcari, New Mexico, presents a unique investment opportunity. Built in 1963, this special-purpose property boasts a fully renovated 25-room motel, each featuring a retro 1950s design, pillowtop mattresses, microwave, refrigerator, and full bath with tub. Ample parking is available for guests. The property includes owner/manager living quarters, a large registration area with Route 66 information, and a detached garage for storage. The motel features a new flat metal roof and two hot water heaters for reliable service. All furniture, including that in the owner's suite, is included in the sale. While currently closed, the on-site coffee shop is fully equipped. Adding to the property's charm are vintage airplanes situated on the grounds. The property's versatility extends beyond its current use as a motel

    Property Features for 1620 Route 66

    General Information

    Property type
    Specialty properties
    Lot Size
    87,120 SF

    Building Details

    Year Built
    1963

    HighLights

    • Exceptional 2‑acre investment opportunity in Tucumcari, NM.
    • Fully renovated, 25‑room motel with retro 1950s design. Each room features pillowtop mattresses, microwave, refrigerator, and full bath.
    • Ample guest parking and owner/manager living quarters.
    • Includes detached garage, fully equipped coffee shop (currently closed), and all furniture.
    • Features a new roof, two hot water heaters, and vintage airplanes on the grounds.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tucumcari
    County
    Quay
    State
    New Mexico
    Longitude
    -103.706209
    Latitude
    35.1712584

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    FAQs

    What type of property is this?
    Specialty property - Historic 25-room motel on Route 66
    Where is this specialty property located?
    The property is located at 1620 Route 66 Tucumcari, NM.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Exceptional 2-acre investment opportunity in Tucumcari, NM.; Fully renovated, 25-room motel with retro 1950s design. Each room features pillowtop mattresses, microwave, refrigerator, and full bath.; Ample guest parking and owner/manager living quarters.
    Request Owner's contact information
    1620 Route 66 Tucumcari, NM 88401
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    Tucumcari, NM 88401
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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
    1620 Route 66 Tucumcari, NM 88401
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