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Property profile & analytics
OFF-MARKET
Commercial real estate

1620 Route 66 Tucumcari, NM 88401

11,610 SF 0.27 ac lot Built 1963
Property ID
Property summary
AI-generated overview

This exceptional 11,610-square-foot motel, situated on a 0.27-acre lot in Tucumcari, New Mexico, presents a unique investment opportunity. Ideally located just two blocks from the Route 66 and Highway 54 bypass, this property boasts easy access and high visibility. The motel features 25 completely renovated rooms, each meticulously designed in a retro 1950s style, complete with pillowtop mattresses, microwaves, refrigerators, and full bathrooms including tubs. Ample parking is available for guests. The property also includes a spacious registration area brimming with Route 66 information, perfect for attracting tourists. A separate owner/manager living quarters is included, providing convenient on-site management. A large garage offers ample storage space. The entire building is protected by a flat metal roof. Two hot water heaters ensure reliable hot water supply for all rooms. All furniture, including that in the owner's suite, is included in the sale. While currently closed, a coffee shop with all equipment is also part of the property. Adding to the property's charm are vintage airplanes situated on the grassy area. This versatile property offers significant potential as a thriving motel, a large residence, or a complex of monthly rentals. The asking price is $650,000.

Property profile
Verified
Property type Commercial real estate
Year built 1963
Total area 11,610 SF
Lot 0.27 ac (11,761 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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