1302 Hermosa Dr St Artesia, NM 88210
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.