Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    260 Panorama Blvd Alamogordo, NM 88310

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    260 Panorama Blvd Alamogordo, NM 88310

    View on Map
    • Retail properties & Spaces
    • 6,500 SF
    • 1.15 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Johnny Carino's / Restaurant

    Property Details for 260 Panorama Blvd

    Lot size
    1.15 lot acres
    Property size
    6,500 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 260 Panorama Blvd in Alamogordo, New Mexico, presents a lucrative investment opportunity. The 6,500 square foot building sits on a 1.147-acre lot and boasts 76 parking spaces, ensuring ample customer convenience. Currently operating under a triple-net (NNN) lease, the property offers a secure and passive income stream with a remaining lease term of five years, expiring December 30, 2029. The asking price is $2,050,000, translating to a compelling price per square foot of $315.38 and a strong 6.88% capitalization rate. The lease agreement includes five-year renewal options, providing long-term stability and potential for future growth. Situated in Otero County, New Mexico, with a zip code of 88310, this property benefits from a strategic location within the Alamogordo market. This turnkey investment is ideal for those seeking a stable, high-yielding retail asset with significant upside potential. The property's size, parking availability, and favorable lease terms make it an attractive proposition for discerning investors. The strong cap rate and long-term lease provide a solid foundation for a secure and profitable investment. Don't miss this opportunity to acquire a prime retail property in a thriving New Mexico market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Alamogordo
    County
    Otero
    State
    New Mexico
    Longitude
    -105.959
    Latitude
    32.8758

    Comparable in this City

    • Value Estimation by Request
      3,240 SF

      804 White Sands Blvd

      RESTAURANT • 3,240 SF
      804 White Sands Blvd, Alamogordo, NM 88310-7112
      View Details
    • Value Estimation
      $620,000
      5,418 SF

      839 White Sands Blvd

      RESTAURANT • 5,418 SF
      839 White Sands Blvd, Alamogordo, NM 88310-7248
      View Details
    • Value Estimation by Request
      2,400 SF

      1St St

      Retail properties & Spaces • 2,400 SF
      0 1St St, Alamogordo, NM 88310
      View Details
    • Value Estimation by Request
      3,000 SF

      20966 Hwy 70th Wus

      AUTO REPAIR, GARAGE • 3,000 SF
      20966 Hwy 70th Wus, Alamogordo, NM 88310
      View Details
    • Value Estimation by Request
      792 SF

      2401 Indian Wls Rd

      CONVENIENCE STORE • 792 SF
      2401 Indian Wls Rd, Alamogordo, NM 88310-4656
      View Details
    • Value Estimation by Request
      2,176 SF

      920 New York Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,176 SF
      920 New York Ave, Alamogordo, NM 88310-6920
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Building in Alamogordo

      Commercial building suitable for restaurant, office, or retail use.
      00 Lavelle Rd, Alamogordo, NM 88310
      View Details
    • Contact for pricing
      3,612 SF

      Income-Producing Commercial Asset For Sale

      Stabilized commercial asset with long-term tenant in place.
      1640 N White Sands Blvd, Alamogordo, NM 88310
      View Details
    • Contact for pricing

      Bealls-Anchored Shopping Center For Sale

      98% leased shopping center anchored by Bealls/Burkes.
      805 N White Sands Blvd, Alamogordo, NM 88310
      View Details
    • Contact for pricing
      6,000 SF

      Versatile Commercial Building on Walker

      6000 sq ft commercial building on 1.13 acres.
      2109 S Walker Ave, Alamogordo, NM 88310
      View Details
    • Contact for pricing
      6,138 SF

      Retail Building with Cultivation Facility

      Freestanding retail building with cannabis dispensary and cultivation facility.
      2010-2013 Pecan Dr, Alamogordo, NM 88310
      View Details
    • $450,000
      1,090 SF

      In-Bay Automatic Car Wash

      Car wash with potential for increased profitability.
      675 East 10Th St, Alamogordo, NM 88310
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,156 SF

      Restaurant Space in High-Traffic Area

      Restaurant space available near hotels and national retailers.
      1010 S White Sands Blvd, Alamogordo, NM 88310
      View Details
    • Contact for pricing
      1,000 SF

      Prime Retail Space Available

      Retail space in a high-visibility Alamogordo location.
      805 N White Sands Blvd, Alamogordo, NM 88310
      View Details
    • Contact for pricing

      Planet Fitness Anchored Retail Space

      Retail space in Planet Fitness anchored shopping center for rent.
      1807 E 10Th St, Alamogordo, NM 88310
      View Details
    • Contact for pricing

      Retail Center on Main Street

      Well-established retail center with excellent visibility and ample parking.
      1701 E 10Th St, Alamogordo, NM 88310
      View Details
    • Contact for pricing

      Planet Fitness Anchored Retail Space

      Retail space in Planet Fitness anchored shopping center for lease.
      1030 Adams Ave, Alamogordo, NM 88310
      View Details
    • $15 SF/Yr
      8,320 SF

      Freestanding Retail Building on US-70

      8,320 SF retail building with high visibility on US-70.
      1300 Highway 70 W, Alamogordo, NM 88310
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    260 Panorama Blvd
    Alamogordo, NM 88310
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!