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    106 State St Texico, NM 88135

    For Sale
    $97,000

    NM/TX Border Motel, Redevelopment Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a 97,000 USD priced hotel located at 106 & 114 State Street, Texico, New Mexico, zip code 88135. Situated directly on the New Mexico/Texas border, this property boasts a highly visible location adjacent to the "Welcome to Texico" sign. The building, previously operating as a motel, offers significant redevelopment potential. Its adaptable design allows for conversion into apartments or other commercial uses, catering to a diverse range of future tenants. The property includes ample parking, a significant advantage for both residential and commercial ventures. The existing structure provides a solid foundation for a renovation project, presenting a unique chance to capitalize on the strategic border location and high traffic visibility. The property's address is clearly visible from the main road, ensuring high visibility for any future business. This is a rare chance to acquire a property with substantial upside in a growing area. The asking price of $97,000 makes this an attractive investment opportunity for those seeking a project with significant return potential. The property is classified as hospitality, with a subtype of hotel. The county is Curry County.

    Property Features for 106 State St

    General Information

    Property type
    Hotels
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Hair Salon Dental Office Hotel & Motel Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Texico
    County
    Curry
    State
    New Mexico
    Longitude
    -103.044971
    Latitude
    34.3890079

    Nearby Comparable

    • $165,000
      1.00 Acre

      Farwell Commercial Building - 1 Acre

      Versatile Shop, 1-Acre Lot, High Ceilings
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    • $165,000
      1.00 Acre

      Farwell Commercial Building - 1 Acre

      Versatile Shop, 1-Acre Lot, High Ceilings
      720 Stateline Rd, Farwell, TX 79325
      View Details

    FAQs

    What type of property is this?
    Hotel - NM/TX Border Motel, Redevelopment Potential
    Where is this hotel located?
    The property is located at 106 State St Texico, NM.
    What is the asking price?
    The asking price for this property is $97,000.
    Request Owner's contact information
    106 State St Texico, NM 88135
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    106 State St
    Texico, NM 88135
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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
    106 State St Texico, NM 88135
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