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    1302 Hermosa Dr St Artesia, NM 88210

    Sponsored
    For Sale
    $525,000

    Prime Artesia commercial land, two buildings, ample parking.

    Property size:
    22,922 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property in Artesia, New Mexico, presents a unique investment opportunity. Located at 1302 Hermosa Drive Street, this 2.11-acre lot features two buildings totaling 22,922 square feet, constructed in 1955. The property boasts ample parking, situated on the corner of Hermosa Drive and 13th Street, offering excellent visibility and accessibility. One building is currently configured as a sanctuary with a capacity of approximately 225 people, currently operating at 80% occupancy. The second building serves as a fellowship hall and includes classrooms. Both buildings have recently undergone roof replacements. This versatile property offers a multitude of potential uses, making it an ideal investment for a variety of commercial ventures. The existing infrastructure provides a solid foundation for immediate use or redevelopment, capitalizing on the high-traffic location and substantial square footage. The asking price is $525,000. The property's zoning and permitted uses should be independently verified. This is a rare opportunity to acquire a substantial commercial property in a thriving New Mexico community. Don't miss out on this exceptional investment potential.

    Property Features for 1302 Hermosa Dr St

    General Information

    Property type
    Land
    Square Feet
    22,922 SF
    Lot Size
    91,912 SF

    Building Details

    Year Built
    1955

    HighLights

    • $525,000 asking price.
    • 2.11‑acre lot with 22,922 square feet of building space.
    • Special purpose property, currently configured as a sanctuary (approx. 225‑person capacity, 80% occupancy) and fellowship hall/classrooms.
    • Located at 1302 Hermosa Drive, Artesia, NM 88210.
    • Features ample parking and recently replaced roofs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Artesia
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.4129291
    Latitude
    32.8282782

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    FAQs

    What type of property is this?
    Land - Prime Artesia commercial land, two buildings, ample parking.
    Where is this land located?
    The property is located at 1302 Hermosa Dr St Artesia, NM.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: $525,000 asking price.; 2.11-acre lot with 22,922 square feet of building space.; Special purpose property, currently configured as a sanctuary (approx. 225-person capacity, 80% occupancy) and fellowship hall/classrooms.
    Request Owner's contact information
    1302 Hermosa Dr St Artesia, NM 88210
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    Artesia, NM 88210
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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
    1302 Hermosa Dr St Artesia, NM 88210
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