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    158 New School Rd Truth or Consequences, NM 87935

    For Sale
    $265,000

    24 Units, High Demand Location, NM

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a well-established storage facility located at 158 New School Road, Truth or Consequences, New Mexico, 87935. Built in 1980, this property sits on a one-acre lot and offers 24 individual storage units, generating a substantial monthly income of $2,700. The unit mix includes sixteen 10' x 20' units and eight 5' x 10' units, catering to a diverse range of storage needs. The property's location in a popular area presents significant potential for expansion, allowing for further income growth. The asking price for this turnkey operation is $265,000. This represents a rare chance to acquire a proven income-generating asset with immediate cash flow and significant upside potential. The property is classified as Special Purpose and offers a solid foundation for a savvy investor seeking a stable and profitable venture in a desirable New Mexico market. The property's existing infrastructure and strong rental history make it an attractive proposition for both seasoned investors and those new to the commercial real estate market. The one-acre lot provides ample space for future development and expansion, further enhancing the long-term value and potential of this exceptional investment.

    Property Features for 158 New School Rd

    General Information

    Property type
    Specialty properties
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1980

    HighLights

    • Well‑established storage facility at 158 New School Road, Truth or Consequences, NM 87935.
    • Built in 1980, this one‑acre property features 24 units (16 - 10'x20', 8 - 5'x10') generating $2,700 monthly income.
    • Asking price: $265,000.
    • Special purpose property with significant expansion potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Truth or Consequences
    County
    Sierra
    State
    New Mexico
    Longitude
    -107.2311774
    Latitude
    33.2361597

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    FAQs

    What type of property is this?
    Specialty property - 24 Units, High Demand Location, NM
    Where is this specialty property located?
    The property is located at 158 New School Rd Truth or Consequences, NM.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: Well-established storage facility at 158 New School Road, Truth or Consequences, NM 87935.; Built in 1980, this one-acre property features 24 units (16 - 10'x20', 8 - 5'x10') generating $2,700 monthly income.; Asking price: $265,000.
    Request Owner's contact information
    158 New School Rd Truth or Consequences, NM 87935
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    Truth or Consequences, NM 87935
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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
    158 New School Rd Truth or Consequences, NM 87935
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