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    OFF-MARKET
    Office Spaces

    100 Walleyed Pike Dr, Logan, NM 88426

    1.1 ac lot Built 2022
    Property ID
    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
    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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