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    14148 Nm-187 Caballo, NM 87931

    • Self storage facilities
    • 367,646 SF
    • 8.44 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Self storage facilities

    Property Details for 14148 Nm-187

    Lot size
    8.44 lot acres
    Property size
    367,646 SF
    Property type
    Self storage facilities
    Property subtype
    Industrial properties

    Description

    This exceptional investment opportunity presents a 367,646-square-foot industrial and self-storage facility in Caballo, New Mexico, currently operating at 86% occupancy. The property, known as Molly B's Dry Dock Boat & RV Storage, features 201 units across 15 buildings situated on 8.44 acres of land. The asking price is $1,340,000, representing a current cap rate of 6.97% and a pro-forma cap rate of 8.65% with projected NOI of $115,904. The property boasts a diverse unit mix catering to various storage needs. Conveniently located near Caballo State Park and less than an hour from Las Cruces (population 104,000 in 2024), it serves both local residents and tourists. The property includes a three-bedroom home and a one-bedroom single-wide trailer, offering additional income potential. Remote management is facilitated by Tenant Inc Software. The current lease type is gross, with multi-tenancy. The property is not subject to zoning restrictions. Significant value-add potential exists through rental rate increases and operational improvements. The property's Net Rentable Square Footage is 57,454 sq ft, with a price per square foot of $3.64 and a price per unit of $6,666.67. The APN is 3025094417186. The land value is $158,767 per acre. The property is an owner/user investment with seller financing available. Full occupancy is projected by October 7, 2024.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Caballo
    County
    Sierra
    State
    New Mexico
    Longitude
    -107.312
    Latitude
    32.9041

    Comparable in this City

    • Value Estimation by Request
      2.40 Acres

      14525 Hwy 187 Hwy

      Specialty properties • 2.40 Acres
      14525 Hwy 187 Hwy, Caballo, NM 87931
      View Details
    • Value Estimation by Request

      Caballo, NM 87931

      COMMERCIAL (GENERAL)
      Caballo, NM 87931
      View Details
    • Value Estimation by Request

      Caballo, NM 87931

      COMMERCIAL (GENERAL)
      Caballo, NM 87931
      View Details
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    14148 Nm-187
    Caballo, NM 87931
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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
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