1020 White Sands Blvd Alamogordo, NM 88310-7242
- Automotive properties
- 17,696 SF
- 2.43 lot acres
Current Use by Public Records
- Quality Inn & Suites Near White Sands National Park / Hotel
Property Details for 1020 White Sands Blvd
- Year built
- 1987
- Lot size
- 2.43 lot acres
- Property size
- 17,696 SF
- Property type
- Automotive properties
- APN
- 01N4055095045391
- APU
- 01N4055095045391
Description
This 90-unit, two-story Quality Inn & Suites in Alamogordo, New Mexico, presents a compelling value-add investment opportunity. Recently renovated in March 2024, this property boasts 39,305 square feet on a 2.43-acre lot (APN R010135) and features exterior corridors. The hotel's strategic location at the intersection of Highways 70 and 54, near White Sands National Park and Holloman Air Force Base, ensures consistent occupancy. Currently operating at 63.4% occupancy, the property generated a Net Operating Income (NOI) of $754,031 in the last twelve months, representing a 14.2% capitalization rate. The asking price is $5,300,000, significantly reduced by $450,000 to facilitate a quick sale. Post-renovation, trailing twelve-month revenue increased by 20% and continues to grow. The property is zoned C and offers the flexibility to continue operating as a Quality Inn & Suites or convert to a SureStay Plus hotel with minimal capital expenditures required. SBA 7a financing is approved with only 15% down payment. This represents a strong cash-on-cash return of 33.1%. The property is well-maintained and offers significant upside potential for the savvy investor. Don't miss this chance to acquire a profitable hotel in a prime location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alamogordo
- County
- Otero
- State
- New Mexico
- Longitude
- -105.962
- Latitude
- 32.8793
- CBSA code
- 10460
- CBSA name
- ALAMOGORDO, NM MICROPOLITAN STATISTICAL AREA
