You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
OFF-MARKET
Specialty properties

1302 Hermosa Dr St Artesia, NM 88210

22,922 SF 2.11 ac lot Built 1955
Property ID
Property summary
AI-generated overview

This exceptional commercial property in Artesia, New Mexico, presents a unique investment opportunity. Located at 1302 Hermosa Drive Street, this 2.11-acre lot features two buildings totaling 22,922 square feet, constructed in 1955. The property boasts ample parking, situated on the corner of Hermosa Drive and 13th Street, offering excellent visibility and accessibility. One building is currently configured as a sanctuary with a capacity of approximately 225 people, currently operating at 80% occupancy. The second building serves as a fellowship hall and includes classrooms. Both buildings have recently undergone roof replacements. This versatile property offers a multitude of potential uses, making it an ideal investment for a variety of commercial ventures. The existing infrastructure provides a solid foundation for immediate use or redevelopment, capitalizing on the high-traffic location and substantial square footage. The asking price is $525,000. The property's zoning and permitted uses should be independently verified. This is a rare opportunity to acquire a substantial commercial property in a thriving New Mexico community. Don't miss out on this exceptional investment potential.

Property profile
Verified
Property type Specialty properties
Year built 1955
Total area 22,922 SF
Lot 2.11 ac (91,912 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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1302 Hermosa Dr St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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