Property profile

1606 Airway Dr Carlsbad, NM 88220

OFF-MARKET
Warehouses
1.79 ac lot Built 2014
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Property summary

AI-generated overview

This exceptional commercial property, located at 1606 Airway Drive in Carlsbad, New Mexico, presents a unique investment opportunity. Situated within the city's Industrial Park Area, this 1.79-acre lot boasts a substantial 4800 square foot warehouse building, ideal for a variety of commercial uses. Constructed in 2014, the building features three bay doors, providing convenient access for loading and unloading, along with a dedicated wash-out area and incorporated office space. The property's ample lot size offers significant expansion potential or room for additional structures. The address is 1606 Airway Drive, Carlsbad, NM 88220, within Eddy County. The asking price for this turnkey industrial property is $850,000. This property is zoned for commercial and industrial use. The property's location within the Industrial Park Area offers easy access to major transportation routes and other commercial businesses. This is a rare opportunity to acquire a well-maintained, strategically located industrial property in a thriving New Mexico market. The property's combination of size, features, and location makes it an attractive investment for both established businesses and new ventures.

Property profile

Verified
Property type Warehouses
Year built 2014
Lot 1.79 ac (77,972 SF)

Cap rate & NOI

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

Location

1606 Airway Dr Carlsbad, NM 88220
Carlsbad 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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