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    100 Walleyed Pike Dr Logan, NM 88426

    For Sale
    $520,000

    Prime Ute Lake Commercial Property

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.1-acre property in Logan, New Mexico, is ideally situated near Ute Lake State Park's main entrance. Currently operating as a thriving boat dealership, it boasts a 40x60 heated shop, perfect for year-round use. A detached office building includes a convenient kitchenette and restroom. Thirty individual boat storage units provide substantial rental income potential. Additional storage is available via an on-site container. The entire property, including the storage yard, office, and shop, is fully enclosed by a secure fence, locked gate, and security lighting. Built in 2022, this property is zoned residential/commercial, offering versatility for business operations or personal use. The combination of existing business operations and rental income from the storage units presents a unique investment opportunity. This property is equally attractive to entrepreneurs seeking a turnkey business or families desiring ample storage for recreational equipment and the potential for supplemental income. The location on the shores of Ute Lake adds significant appeal. Asking price is $520,000.

    Property Features for 100 Walleyed Pike Dr

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    47,916 SF

    Building Details

    Year Built
    2022

    HighLights

    • 1.1‑acre property in Logan, NM, near Ute Lake State Park.
    • Thriving boat dealership with a 40x60 heated shop.
    • Detached office building with kitchenette and restroom.
    • Thirty individual boat storage units generating rental income.
    • Securely fenced and gated property with security lighting, built in 2022.
    • Residential/Commercial zoning allows for business or personal use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Logan
    County
    Quay
    State
    New Mexico
    Longitude
    -103.4510363
    Latitude
    35.3614571

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    Nearby Similar for Sale

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      Established Commercial Property in Logan, NM

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Ute Lake Commercial Property
    Where is this office property / space located?
    The property is located at 100 Walleyed Pike Dr Logan, NM.
    What is the asking price?
    The asking price for this property is $520,000.
    What are key features of this property?
    This property features: 1.1-acre property in Logan, NM, near Ute Lake State Park.; Thriving boat dealership with a 40x60 heated shop.; Detached office building with kitchenette and restroom.
    Request Owner's contact information
    100 Walleyed Pike Dr Logan, NM 88426
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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
    100 Walleyed Pike Dr Logan, NM 88426
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