Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3670 Queen Carlsbad, NM 88220

    • Retail properties
    • 6.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 3670 Queen

    Lot size
    6.00 lot acres
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional 6-acre property in Eddy County, New Mexico, presents a unique investment opportunity. Located at 3670 Queen in Carlsbad, near the Lincoln National Forest (Guadalupe Mountains), this established business includes a restaurant, an RV park with 18 pull-through campsites and two park homes, and an outdoor pavilion perfect for events. The asking price is $400,000. The property's prime location offers easy access to a variety of outdoor recreational activities, including hunting, hiking, caving, ATV riding, camping, rock climbing, and stargazing, making it an attractive destination for tourists and locals alike. The existing restaurant and RV park infrastructure provides a solid foundation for continued operation and potential expansion. The substantial lot size allows for further development or diversification of the business. This turnkey operation is ready for a new owner to capitalize on its established reputation and the area's growing tourism sector. The property's rich history and stunning natural surroundings create a truly unique and appealing business environment. This is a rare chance to acquire a well-established business with significant growth potential in a desirable location. The property is zoned for retail and industrial use. The address is 3670 Queen, Eddy, NM 88220.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carlsbad
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.74
    Latitude
    32.1936

    Comparable in this City

    • Value Estimation by Request
      4,993 SF

      2529 Canal St

      Restaurants • 4,993 SF
      2529 Canal St, Carlsbad, NM 88220
      View Details
    • Value Estimation by Request
      23,000 SF

      215 Fox St

      Distribution properties • 23,000 SF
      215 Fox St, Carlsbad, NM 88220
      View Details
    • Value Estimation by Request
      3,000 SF

      3212 Canal St

      Distribution properties • 3,000 SF
      3212 Canal St, Carlsbad, NM 88220
      View Details
    • Value Estimation by Request
      4,900 SF

      2205 Church St

      Distribution properties • 4,900 SF
      2205 Church St, Carlsbad, NM 88220
      View Details
    • Value Estimation by Request
      8,223 SF

      223 Canyon St

      Industrial properties • 8,223 SF
      223 Canyon St, Carlsbad, NM 88220
      View Details
    • Value Estimation by Request

      800 Derrick Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      800 Derrick Rd, Carlsbad, NM 88220
      View Details

    Similar Nearby for Sale

    • $1,000,000
      23,000 SF

      Carlsbad Warehouse: Prime Location

      23,000 SF Warehouse, Owner/User
      215 Fox St, Carlsbad, NM 88220
      View Details
    • Contact for pricing
      6.71 Acres

      Carlsbad, NM Redevelopment Opportunity

      6.71 Acres, Lakefront Potential
      512 Grn St, Carlsbad, NM 88220
      View Details
    • $325,000
      1.23 Acres

      Carlsbad Industrial Property - $325K

      1.23-acre commercial warehouse with office.
      204 Happy Valley Rd, Carlsbad, NM 88220
      View Details
    • $1,400,000
      2.02 Acres

      Carlsbad Warehouse: Prime Investment

      2.02-acre commercial warehouse, high visibility.
      3221 National Park Hwy Hwy, Carlsbad, NM 88220
      View Details
    • $175,000

      Carlsbad Warehouse: $175,000

      10,019 SF Warehouse, Great Investment
      1107 Stevens St, Carlsbad, NM 88220
      View Details
    • Contact for pricing
      83.55 Acres

      83-Acre Industrial Park, NM

      Prime Eddy County land, build-to-suit options.
      0 Us-285, Loving, NM 88220
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo
      3,639,002 SF

      US Hwy 285 Industrial Park

      ±83 Acres, Eddy County, NM
      0 Us-285, Loving, NM 88220
      View Details
    • $10 SF/Yr
      13,745 SF

      Algerita Street Industrial Property

      Prime industrial land, warehouse, office
      2007 Algerita St, Carlsbad, NM 88220
      View Details
    • Contact for pricing
      9,375 SF

      Eddy County Flex Space - 9,375 SF

      Modern industrial flex space; ideal for various uses.
      167 Kelly Rd, Carlsbad, NM 88220
      View Details
    • Contact for pricing

      Carlsbad Land with Renovated Office

      20 acres of land for lease with office space.
      8006 Molinar Rd, Carlsbad, NM 88220
      View Details
    • $3 SF/Yr
      13,703 SF

      Canal Street Commercial Land

      High-visibility land, ideal business location.
      1302 Canal St, Carlsbad, NM 88220
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3670 Queen
    Carlsbad, NM 88220
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.