Property profile

100 Walleyed Pike Dr Logan, NM 88426

OFF-MARKET
Office Spaces
1.1 ac lot Built 2022
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Property summary

AI-generated overview

This exceptional 1.1-acre property in Logan, New Mexico, is ideally situated near Ute Lake State Park's main entrance. Currently operating as a thriving boat dealership, it boasts a 40x60 heated shop, perfect for year-round use. A detached office building includes a convenient kitchenette and restroom. Thirty individual boat storage units provide substantial rental income potential. Additional storage is available via an on-site container. The entire property, including the storage yard, office, and shop, is fully enclosed by a secure fence, locked gate, and security lighting. Built in 2022, this property is zoned residential/commercial, offering versatility for business operations or personal use. The combination of existing business operations and rental income from the storage units presents a unique investment opportunity. This property is equally attractive to entrepreneurs seeking a turnkey business or families desiring ample storage for recreational equipment and the potential for supplemental income. The location on the shores of Ute Lake adds significant appeal. Asking price is $520,000.

Property profile

Verified
Property type Office Spaces
Year built 2022
Lot 1.1 ac (47,916 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

100 Walleyed Pike Dr Logan, NM 88426
Logan metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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